Legal

A collection of 118 posts

Gemini

Gemini Crypto Exchange Accuses CFTC of Abusive Practices in 7 Year Legal Battle

Gemini, a prominent U.S. based cryptocurrency exchange, has lodged a formal complaint against the Commodity Futures Trading Commission (CFTC), alleging the agency engaged in a prolonged and unjust campaign against the firm. In a detailed letter to the CFTC Inspector General, Gemini’s legal team claims the agency’s

Libra

Argentina President Cleared in LIBRA Memecoin Scandal Amid Ongoing Legal Battles

Argentina’s Anti-Corruption Office (OA) has concluded that President Javier Milei did not violate public ethics laws when he promoted the LIBRA memecoin cryptocurrency from his personal X account in February 2025. The LIBRA memecoin, which saw a meteoric rise to a $2 billion market value before crashing 90%, sparked

Legal

World Liberty Financial Issues Cease-and-Desist Over Unauthorized Trump Wallet

World Liberty Financial, a crypto venture tied to President Donald Trump and his family, has taken legal action against a company promoting an unauthorized Trump branded Bitcoin and crypto wallet. The move underscores the Trump family’s efforts to control their brand. A cease-and-desist letter was sent to Fight Fight

FTX

FTX Begins $5 Billion Payout to Claim Holders in Bankruptcy Recovery

FTX, a once prominent but now defunct crypto exchange, has launched a second distribution of over $5 billion to creditors, an important step in its bankruptcy proceedings. Announced on May 30, 2025, this distribution targets holders of allowed claims in the Convenience and Non-Convenience Classes who have met pre-distribution requirements,

Libra

Circle Freezes $57 Million in USDC Connected to Javier Milei Libra Token Controversy

In a significant development in the ongoing Libra memecoin saga, Circle, a leading stablecoin issuer, has frozen approximately $57.65 million in USDC held in wallets linked to the controversial token. The freeze, executed on Tuesday, targets two Solana based wallets associated with the Libra token team and its deployer,

Coinbase

Coinbase Sued in Class Action Lawsuit Over Stock Price Decline Due to Data Breach

Coinbase, a leading cryptocurrency exchange, is facing a class action lawsuit filed by shareholders who claim the company’s failure to disclose critical issues, including a significant data breach and a regulatory violation, led to a sharp decline in its stock price. The lawsuit, filed on Thursday in the U.

Libra

Argentina President Disbands LIBRA Memecoin Probe Unit After Judge Orders Bank Records Unsealed

Argentina’s government has abruptly dissolved an investigative task force established to examine the controversial LIBRA memecoin scandal, which has implicated President Javier Milei and his sister, Karina Milei. The decision, announced in a statement signed by both the president and the justice minister, comes just days after a federal

Coinbase

Justice Department Opens Investigation into Coinbase Data Breach Involving Employee Bribery

The U.S. Justice Department has launched an investigation into a significant data breach at Coinbase, the largest cryptocurrency exchange in the United States, according to Bloomberg. The probe, which involves the department’s criminal division in Washington, is examining the circumstances of the breach, where hackers allegedly bribed employees

Bitcoin

Class Action Lawsuit Filed Against Michael Saylor's Strategy Over Bitcoin Investment Claims

A class action lawsuit filed on May 16, 2025, in the U.S. District Court for the Eastern District of Virginia has targeted Michael Saylor’s Strategy, formerly MicroStrategy, and its top executives, alleging misleading statements about the company’s Bitcoin focused investment strategy. The legal action, led by plaintiff

Libra

Argentine Judge Orders Disclosure of Javier Milei’s Bank Accounts in LIBRA Scandal Investigation

An Argentine judge has intensified the investigation into President Javier Milei’s involvement in the controversial LIBRA memecoin scandal by ordering the full disclosure of his bank accounts. The ruling, issued by Judge María Servini, also extends to the president’s sister, Karina Milei, as authorities probe allegations of fraud

Exchange

German Authorities Seize $38 Million in Crypto from eXch Exchange Amid Criminal Probe

German federal authorities have confiscated over $38 million in digital assets from the now-defunct eXch crypto exchange, a platform accused of facilitating criminal activities. The seizure, announced by the Frankfurt Prosecutor General’s Office, occurred on April 30, just one day before the exchange ceased operations. This move underscores Germany’

Legal

Former Celsius CEO Alex Mashinsky Sentenced to 12 Years for Crypto Fraud in Landmark Case

On May 8, 2025, Alex Mashinsky, the former CEO of Celsius Network, received a 12-year prison sentence for his role in a significant crypto fraud scheme. Mashinsky, who had been a prominent figure in the crypto space, pleaded guilty in December 2024 to charges of commodities fraud and securities fraud.

Tornado Cash

Tornado Cash Secures Legal Victory Against U.S. Sanctions

In a significant ruling for the crypto industry, a federal judge in Texas has barred the U.S. government from re-imposing sanctions on Tornado Cash, a privacy-focused protocol that has been at the center of a contentious legal battle. The decision marks a pivotal moment for Ethereum developer Joseph Van

Privacy

Samourai Wallet Developers Mark One Year Since Arrest Amid Financial Privacy Debate

On April 24, 2025, a significant milestone was reached in the ongoing legal battle surrounding the developers of Samourai Wallet, a privacy-focused Bitcoin wallet. Exactly 365 days prior, on April 24, 2024, founders Keonne Rodriguez and William Lonergan Hill were arrested and charged by the U.S. Department of Justice

Roger Ver

Roger Ver’s Legal Battle to Test DOJ’s New Crypto Policy Changes

The U.S. Department of Justice’s recent decision to abandon its “regulation by prosecution” approach marks a significant shift in how the government handles digital asset cases. A memorandum issued in April 2025 by Deputy Attorney General Blanche outlines a new policy: the DOJ will no longer pursue criminal

Wallet

Phantom Wallet Lawsuit Highlights Security Concerns After $500,000 Theft

A group of investors has taken legal action against Phantom Technologies and OKX, alleging that significant security shortcomings in Phantom's wallet led to a $500,000 theft. This incident not only caused substantial financial losses but also contributed to the collapse of the Wiener Doge Solana token. The

Bitcoin Mining

Illegal Bitcoin Mining Farm Uncovered in Small Town in Mexico Exposes Energy Theft

Authorities in Mexico have exposed an illegal Bitcoin mining farm operating within the facilities of the Mexican Electricians Union (SME) in Nuevo Necaxa, which has a population of 8,200 people. The operation, which had been running for over a year, was discovered in the union’s multi-purpose hall, located

Bitcoin

Trump Asks Supreme Court to Fire Fed Chair Powell: What It Means for Bitcoin

On April 10, 2025, a significant development unfolded as President Donald Trump requested the U.S. Supreme Court to grant him the authority to dismiss top officials at independent agencies, including Federal Reserve Chair Jerome Powell. This move, reported by Bloomberg, challenges a 90-year-old Supreme Court ruling that has long

Crypto

Trump Dissolves DOJ Crypto Crime Fighting Unit Amid Push for Digital Asset Deregulation

The U.S. Department of Justice has quietly disbanded its specialized unit tasked with investigating cryptocurrency-related crimes, marking another step in the Trump administration’s broader effort to ease oversight of the digital asset industry. In a memo circulated to staff on Monday evening, Deputy Attorney General Todd Blanche, who

Bitcoin

Aaron Day Undertakes 40-Day Fast to Support Roger Ver aka Bitcoin Jesus Amid Legal Battle

Aaron Day, a former presidential candidate and well known cryptocurrency advocate, is embarking on an ambitious 40-day fast to support Roger Ver, a prominent figure in the Bitcoin and crypto space widely known as "Bitcoin Jesus," whom he believes is facing political persecution by the U.S. Department

Coinbase

Elon Musk’s X Takes Stand Against IRS in Supreme Court Over Coinbase User Data

Elon Musk’s social media platform, X, has stepped into a legal battle by urging the U.S. Supreme Court to stop law enforcement from compelling companies like cryptocurrency exchange Coinbase to share users’ financial information without a warrant. The move comes as part of a broader push to protect

Memecoins

Hawk Tuah Girl Haliey Welch Cleared by SEC After Memecoin Crash Controversy

Haliey Welch, widely recognized as the "Hawk Tuah" girl following her viral street interview in 2024, has been in the spotlight again after the U.S. Securities and Exchange Commission (SEC) closed its investigation into her cryptocurrency venture. The $HAWK memecoin, launched on the back of Welch'

Legal

Kevin O’Leary Sues Crypto Influencer Ben "Bitboy" Armstrong for Defamation Over Social Media Claims

Crypto influencer Ben Armstrong, widely recognized as “BitBoy,” is facing a new legal challenge as Shark Tank’s Kevin O’Leary has filed a defamation lawsuit against him. The suit, lodged on March 27, 2025, in Florida’s Southern District Court, stems from a series of social media posts where

Crime

Tether and Binance Accounts Tied to Justice Department’s Hamas Crypto Crackdown

The U.S. Department of Justice recently took a significant step in its fight against terrorism by seizing roughly $201,400 in cryptocurrency tied to Hamas, a group designated as a foreign terrorist organization by the United States. Announced on March 27, 2025, by the U.S. Attorney’s Office

Sam Bankman-Fried

Sam Bankman-Fried Transferred to Oklahoma Prison Following Unauthorized Tucker Carlson Interview

Sam Bankman-Fried (SBF), the former CEO of the now-defunct cryptocurrency exchange FTX, has been relocated to a federal transit facility in Oklahoma City. The move, noted on the Federal Bureau of Prisons website on Thursday, comes just weeks after he conducted an unsanctioned video interview with Tucker Carlson from the