Legal

A collection of 97 posts

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

Legal

Crypto Influencer BitBoy Arrested in Florida Over Emails to Judge

In a surprising turn of events, or maybe not if you’ve ever followed the BitBoy drama, but crypto influencer Ben Armstrong who is widely recognized as BitBoy, was arrested in Florida on March 25, 2025. The arrest stems from a series of emails Armstrong sent to Cobb County, Georgia

Roger Ver

Roger Ver Legal Battle Continues as IRS Pushes for Extradition Over Tax Dispute

Roger Ver, a prominent figure in the Bitcoin and crypto space often referred to as "Bitcoin Jesus," continues to face a contentious legal struggle with the Internal Revenue Service (IRS). The dispute centers on taxes he paid in 2014 when he renounced his U.S. citizenship, a move

Crime

Eminem’s Ex-Studio Engineer Faces Charges for Selling Unreleased Tracks for $50K in Bitcoin

A former sound engineer who worked closely with Marshall Mathers, better known as Eminem, now finds himself at the center of a federal investigation. Joseph Strange, a 46-year-old resident of Holly, Michigan, has been charged with selling unreleased tracks from the Grammy-winning rapper for $50,000 in Bitcoin. The accusations,

Exchange

Korean Authorities Raid Crypto Exchange Bithumb Over Former CEO’s Alleged Property Fund Misuse

South Korean authorities have turned their attention to Bithumb, one of the nation’s leading crypto exchanges, as a new investigation unfolds. The focus centers on claims that company funds were improperly used to secure an apartment for its former CEO, Kim Dae-sik, raising questions about financial oversight within the

Legal

New York Law Firm Launches Class Action Lawsuit Over LIBRA Token Scandal

In a significant legal move, New York-based Burwick Law has initiated a class action lawsuit against Kelsier Ventures, KIP Protocol, and Meteora, accusing the entities of orchestrating a deceptive launch surrounding the LIBRA token. Filed on March 18, 2025, the lawsuit alleges that the token’s developers engaged in manipulative

Crime

UK Crime Agency Officer Accused of Stealing 50 Bitcoin in 2017, Now Worth $4.2 Million

In a striking development from the United Kingdom, prosecutors have accused a National Crime Agency officer of pilfering 50 Bitcoin back in 2017, a theft that has ballooned in value over the years. The Crown Prosecution Services has greenlit Merseyside Police to bring charges against Paul Chowles, a 42-year-old NCA

Legal

Three Arrows Capital Secures Court Approval to Boost FTX Claim to $1.53 Billion

In a significant development in the crypto industry, a United States bankruptcy court has granted Three Arrows Capital (3AC), a now-defunct crypto hedge fund previously run by Kyle Davies and Su Zhu, permission to expand its financial claim against the collapsed exchange FTX to $1.53 billion; FTX was previously

Bitcoin

Latest Silk Road Seizure Nets $62.5 Million in Bitcoin for US Government

In a significant move underscoring the long reach of law enforcement, U.S. authorities have confiscated approximately 749 Bitcoin, valued at $62.5 million, linked to drug trafficking and money laundering activities from the infamous Silk Road marketplace. The seizure, reported by Forbes, was authorized by the U.S. Attorney

Libra

Argentine Lawyers Seek Interpol Arrest of Hayden Davis in LIBRA memecoin crackdown

Hayden Mark Davis, the American entrepreneur behind the controversial Libra memecoin, is now the prime target of Argentine authorities as they unravel a multimillion-dollar fraud investigation. On March 12, 2025, Gregorio Dalbón, a prominent Argentine lawyer, submitted a formal request to prosecutor Eduardo Taiano in Buenos Aires, calling for an

Exchange

EU Regulators Investigate OKX Exchange After Bybit Hack Raises Money Laundering Concerns

European Union (EU) regulators are intensifying their focus on OKX, a major cryptocurrency exchange, following revelations that hackers exploited its Web3 platform to launder roughly $100 million in stolen digital assets. The funds were pilfered during a staggering $1.5 billion heist targeting Bybit, a rival trading platform, in what

Legal

Federal Court Orders Bitcoin Forfeiture in Puerto Rico Case, Sparks Legal Debate

In a significant legal development unfolding in the U.S. District Court for the District of Puerto Rico, Juan Carlos Reynoso faces mounting pressure after being held in contempt for refusing to comply with a court order to surrender 119.65 Bitcoin currently valued at $9.48 million. The case

Ripple

Ripple’s Role in Spreading Bitcoin FUD Unraveled in SEC Lawsuit Documents

In a revealing twist from the ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission, internal emails from 2018 have surfaced, shedding light on the blockchain company’s efforts to promote the narrative that Bitcoin is controlled by China. The disclosure comes as part of

Stablecoin

Circle Adopts a Measured Approach for USDC Amid Growing Stablecoin Scrutiny

Circle, the operator behind USD Coin (USDC), is quietly carving out a distinctive approach that leans more on the side of decentralization and permissionless principles when it comes to enforcement. Unlike some of its peers in the stablecoin space, Circle is working to balance the demands of regulatory compliance with

Roger Ver

Ethereum Founder Vitalik Buterin Voices Support in Roger Ver Tax Case

Vitalik Buterin, co-founder of Ethereum, publicly criticized the potential life sentence facing Roger Ver over alleged nonviolent tax offenses. Buterin described the case as politically driven and the punishment as wildly disproportionate to the accusations. His comments add a significant voice to an ongoing debate that has already captured attention

Legal

Judge Throws Out SEC Lawsuit Against HEX Founder Richard Heart

BREAKING: A federal judge in Brooklyn, New York, dismissed a high-profile lawsuit filed by the U.S. Securities and Exchange Commission against Richard Heart (real name Richard Schueler), the founder of the HEX token, on Friday, February 28, 2025. The SEC had accused Heart of misusing millions of dollars in

Legal

DraftKings Reaches $10 Million Settlement in NFT Securities Lawsuit

In a significant development, DraftKings, the online sports betting platform, has agreed to pay $10 million to resolve a class-action lawsuit tied to its sale of non-fungible tokens, commonly known as NFTs. The lawsuit, which began in 2023, claimed that DraftKings violated state and federal securities laws by offering NFTs

Exchange

SEC Drops Investigation into Gemini Crypto Exchange

The U.S. Securities and Exchange Commission has officially closed its investigation into Gemini, the crypto exchange co-founded by the Winklevoss twins, after nearly two years of scrutiny. The announcement, made today, marks the end of a 699-day saga that began with a Wells Notice issued 277 days prior, signaling

Libra

Argentinian News Reports DOJ Opens Investigation into Libra Controversy and President Milei

Argentinian news outlet La Nacion has reported that the United States Department of Justice has allegedly launched a probe into the tumultuous memecoin Libra, a token propelled into the spotlight by Argentina’s President Javier Milei before its swift and costly collapse. According to unnamed sources cited by the publication,

Crypto

LA Vape Cabal Member Accused of Insider Trading Flees Country Due to Death Threats

Crypto influencer SolJakey has found himself at the center of a swirling controversy, prompting him to flee from Barcelona after receiving death threats tied to alleged insider trading. The accusations revolve around his supposed involvement with the LIBRA token, a project linked to Argentinian President Javier Milei that ultimately flopped.

Exchange

OKX Crypto Exchange Guilty of Money Laundering, Agrees to Pay Over $500 Million in Penalties

In a significant development, OKX, one of the world's leading cryptocurrency exchanges, has pleaded guilty to charges of violating U.S. anti-money laundering laws. The plea agreement, announced by the U.S. Attorney's Office for the Southern District of New York, includes OKX agreeing to pay

Legal

Unmasking the Safemoon Scandal as Former CTO Pleads Guilty to Fraud

The crypto world is no stranger to drama, but the unraveling of Safemoon stands out as a tale of deceit and downfall. Once a popular crypto for a brief period of time, this $8 billion project crumbled into bankruptcy, leaving investors reeling and its former chief technology officer, Thomas “Papa”