South Korea allegedly calls on Interpol for Do Kwon’s extradition amid legal twists
According to local news, South Korea is now seeking Interpol’s help for Do Kwon’s extradition from Montenegro. Terra co-founder has successfully appealed the high court extradition orders severally. Montenegrin court…
SEC opposes Terraform’s $166M Dentons retainer amid legal battle
SEC legal battle with Terraform Labs over TerraUSD collapse continues to unfold. Funds allegedly diverted from investors and creditors to an “opaque slush fund” for lawyers. Terraform Labs faces intensified…
Montenegro court revokes Do Kwon’s extradition approval amid legal process flaws
Montenegro Court revokes Do Kwon’s extradition, citing legal flaws in the November decision. Appellate Court highlights procedural shortcomings in US extradition request handling. Despite the extradition revocation, Kwon’s fate still…
SafeMoon files for bankruptcy amid legal woes and executives arrest
SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market…
XRP rallies after major Ripple Labs legal wins
Ripple has secured approval in Singapore, paving the way for regional expansion. AA US Judge has also denied SEC’s appeal boosting XRP price by 4% to $0.53. Ripple’s legal wins…
FTX auditor Prager Metis faces SEC legal action over violations
SEC takes legal action against Prager Metis, auditor of bankrupt crypto exchange FTX. Prager Metis is accused of breaching auditor independence rules by adding indemnification provisions. Lack of transparency and…
MakerDAO launches $5 million legal defense fund
MakerDAO will set up the Defense Fund with an initial 5 million DAI. The fund acts as a self-insurance tool and will only cover legal defense expenses of specific MakerDAO…
CNBC: SBF to plead not guilty to buy time for his legal team
Gary Wang, former CTO of FTX and Caroline Ellison, former chief executive of Alameda, are cooperating with investigators Bankman-Fried is charged with illegally using FTX customer funds to buy real…
XRP takes a ride as Ripple’s legal tussle with SEC reaches Summary Judgment phase
XRP price has surged in the last 24 hours as the legal tussle between the US Securities and Exchange Commission (SEC) and Ripple approaches the Summary Judgment phase. Both sides…
Fed tells banks to pay attention to legal aspects before jumping into crypto
The Federal Reserve Board wants to see banks take time to understand the cryptocurrency… The post Fed tells banks to pay attention to legal aspects before jumping into crypto appeared…