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Breaking news and analysis exploring how the legal industry and regulators are approaching virtual currency and other blockchain-enabled items.
By Jane Wester | April 12, 2024
Prosecutors, who previously described the arrest as the first related to an attack on a smart contract, asked U.S. District Judge Victor Marrero to impose a sentence of four years in prison.
3 minute read
By Mason Lawlor | April 10, 2024
This case was first surfaced by Law.com Radar.
3 minute read
Delaware Business Court Insider
By George Williams | April 10, 2024
Does Terra's bankruptcy mark the end of the "Crypto Winter"? The recent rebound of the cryptocurrency market seems to suggest so, particularly with Bitcoin setting a new all-time high of $73,805.27 on March 14, 2024.
5 minute read
By Jane Wester | April 5, 2024
U.S. District Judge Jed Rakoff of the Southern District of New York said he intends to rule on penalties no later than the first week of May, after receiving briefs from the defendants and the U.S. Securities and Exchange Commission.
3 minute read
By Jane Wester | April 5, 2024
After hearing nearly two weeks of evidence in the civil fraud case, jurors in the Southern District of New York on Friday began deliberating on whether cryptocurrency company Terraform Labs and its founder Do Kwon defrauded investors by lying about the company's success.
4 minute read
By Jane Wester | April 5, 2024
Jurors have begun deliberating on whether the cryptocurrency company and its founder defrauded investors by lying about the company's success.
4 minute read
By Maydeen Merino | April 3, 2024
"[E]very lawyer here knows what the test is to determine whether a crypto asset was offered and sold as an investment contract, and therefore a security: It's the Howey test," said Gurbir Grewal.
3 minute read
By Jane Wester | March 28, 2024
U.S. District Judge Lewis Kaplan noted the ex-crypto entrepreneur's "exceptonally privileged background" in meting out his sentence.
4 minute read
By Jane Wester | March 28, 2024
Bankman-Fried, 32, was also ordered to forfeit more than $11 billion. His attorneys at Mukasey Young, led by Marc Mukasey, have said he will appeal.
5 minute read
Delaware Business Court Insider
By Ellen Bardash | March 26, 2024
"The difficulty with valuing crypto assets as opposed to other assets is they have no inherent value," a bankruptcy judge observed.
4 minute read
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