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Lawsuits
Former Cryptopia Employee Pleads Guilty to Stealing $175,000 Worth of Crypto
- The man admitted to stealing around $175,000 worth of BTC and other cryptocurrencies from Cryptopia's old deposit wallets.
- The funds were subsequently returned and the theft wasn't connected to the 2019 hack, court documents showed.
SEC Accuses LBRY of Selling Unregistered Securities
- The SEC has requested a permanent injunction against LBRY, prohibiting it from further selling its LBC token.
- The decentralized content publishing platform has echoed Ripple's statement that these lawsuits were a "tremendous threat" to the entire crypto industry.
Florida Teen Pleads Guilty to Twitter Bitcoin Scam
- The teenager tricked Twitter employees into giving him access to the customer service portal.
- Alongside two accomplices, the teen defrauded people out of $118,000 worth of BTC.
BitMEX Executive Surrenders to U.S. Authorities, Pleads Not Guilty
- Ben Delo has pleaded not guilty to charges of violating U.S. anti-money laundering laws, and was granted a $20 million bail.
- Delo, Arthur Hayes and Samuel Reed have all agreed to cooperate with U.S. authorities, while Gregory Dwyer continues to remain at large.
Bitfinex, Tether to Cease Operations in NY, Pay $18.5M Fine
- After settling with the Office of the New York Attorney General, Bitfinex and Tether were ordered to introduce transparency measures.
- Alongside a hefty fine, the companies will have to ensure the OAG that their corporate and client accounts remain segregated.
Mt. Gox Creditors Could Soon Claim 90% of Remaining Bitcoins
- A new deal between Mt. Gox's trustee and Fortress will enable creditors to claim 90% of the exchange's remaining Bitcoin.
- If the majority of creditors agree, they would be reimbursed directly from the Mt. Gox trust.
Visa & Plaid’s Merger Blocked by DoJ Antitrust Suit
- The U.S. DoJ has alleged that Visa was using the acquisition to snuff out its competition.
- The planned $5.3 billion acquisition was canceled almost one year after it was announced.
Damage Done: Coinbase is Delisting XRP
- The avalanche of XRP delistings seems to have arrived, as Coinbase has just announced that the asset will not be tradeable on their platform after January 19.
- The larger cryptocurrency community is torn on the issue, while XRP has lost two thirds of its price within ten days.
SEC Sues Ripple Over $1.3B Unregistered Securities Offering
- The regulator has accused Ripple of raising more than $1.3 billion in an "unregistered, ongoing digital asset securities offering".
- The question if XRP is a security has been up in the air for years now, and we might soon get an answer.
U.S. Court Orders Blockvest to Pay $700K
- The firm had made false claims to have received regulatory approval from various agencies, one of which was fabricated.
- Blockvest and its founder will need to pay $696,000 in civil penalties, and abide by a number of restraints and conditions moving forward.