Fenwick and West law firm sued over alleged role in FTX’s multibillion-dollar theft
Fenwick & West accused of enabling FTX’s $8B customer fund theft. The law firm is accused of designing fraud-friendly corporate structures. Fenwick & West denies wrongdoing, says actions were within…
FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer
In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back…
Immutable becomes the latest to receive a Wells notice from the SEC over alleged securities laws
Immutable claims the notice is “targeting the listing and private sales of IMX in 2021 Immutable joins the likes of Coinbase Crypto.com, and OpenSea who have received Wells notices from…
Australia’s “Operation Kraken” seizes over $6 million in crypto from alleged Ghost mastermind
The AFP arrests a 32-year-old man during a raid at his home in New South Wales Seizing the crypto was made possible after the AFP cracked the suspect’s seed phrase…
Binance and former CEO CZ face new lawsuit over alleged crypto laundering
Binance and CZ are sued for allegedly laundering stolen cryptocurrency assets. Plaintiffs claim Binance’s lack of AML and KYC controls facilitated the laundering. The case could impact blockchain analytics and…
Yearn Finance (YFI) price nosedives amid alleged market manipulation
Yearn Finance (YFI) price fell more than 45% to below $9k on November 18. The decline occurred amid market manipulation claims, including from the dYdX team. YFI price was around…
New York AG sues Gemini and Genesis for alleged $1 billion fraud
The New York Attorney General Letitia James filed the lawsuit against Gemini, Genesis and DCG on Thursday. It’s alleged the crypto firms lied to investors and concealed losses of over…