UK officials debate fate of $7.24B seized Bitcoin in historic fraud case
UK may return £640M to fraud victims but keep $6.4B gains from seized Bitcoin, sparking debate. Largest crypto seizure ever: 61,000 BTC worth $7.24B confiscated in UK fraud case. Officials…
Chinese woman pleads guilty in $7B UK Bitcoin fraud case ahead of trial
UK seizes 61,000 Bitcoin worth $7B in one of the world’s largest crypto fraud cases. Zhang and Ling plead guilty to laundering funds tied to a $5.6B Chinese investment scam.…
XRP gains legal clarity in US after Ripple settles SEC case
Settlement confirms XRP is not a security in the US. Analysts see potential for a BlackRock XRP ETF. Bitcoin maximalists renew criticism of XRP. Ripple’s multi-year legal battle with the…
Ethereum price forecast: ETH bull case remains intact despite strategic profit-taking
Ethereum price is at $3,640 amid some profit-taking deals. Despite some whales selling, institutional interest remains high and demand is absorbing the dump. Analysts say the ETH bull market remains…
Ripple case may be delayed as SEC, Ripple seek to finalise $50 million settlement
Judge Torres rejected the earlier motion in May, citing a lack of “exceptional circumstances.” The SEC filed a new status report on 16 June requesting a hold on appellate proceedings.…
Another win for Coinbase as Vermont drops its crypto staking case against exchange
Paul Grewal, Coinbase’s chief legal officer, said their “work isn’t over” Vermont issued a Show Cause Order shortly after the SEC filed a lawsuit against Coinbase in 2023 The SEC…
SEC drops its case against MetaMask, Consensys says
Consensys has announced the SEC will drop its case against MetaMask. The regulator sued the company over the wallet’s staking feature, alleging securities violations. SEC has dropped investigations or cases…
SEC drops case against Uniswap, marking a “huge win for DeFi”
Coinbase and Robinhood Crypto have also had their investigations dropped by the SEC Uniswap said it was a “huge win for DeFi” The move comes as the SEC undergoes a…
Safemoon CTO pleads guilty in $200m crypto fraud case
Safemoon CTO Thomas Smith has pleaded guilty to charges in a $200 million crypto fraud case. US authories arrested the Safemoon exec, alongside CEO Braden John Karony, in 2023. Thomas…
Binance and SEC file joint motion pausing legal case for 60 days
FOX Business journalist Eleanor Terrett believes it could open the door for other companies facing SEC lawsuits The SEC sued Binance and its former CEO, Changpeng Zhao, in 2023 for…