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…
Nike sued for $5 million over RTFKT NFTs: check key details
Plaintiffs accuse Nike of promoting unregistered securities. NFTs linked to RTFKT fell from $8,000 to $16 after closure. Lawsuit highlights legal uncertainty around NFTs as securities. Nike is facing a…
Elon Musk’s DOGE sued after Trump’s inauguration
Three lawsuits have been filed against the Musk-led DOGE agency According to a lawsuit, DOGE violates the Federal Advisory Committee Act (FACA) Elon Musk’s Department of Government Efficiency (DOGE) agency…
Bybit Fintech sued for $1 billion by the FTX bankruptcy team
The FTX Bankruptcy is seeking to recover assets worth about $1 billion. The lawsuit will be heard by a Delaware Court. The funds in question were allegedly withdrawn from FTX.…
Bit Trade, the Kraken subsidiary operating in Australia, sued by the ASIC
Bit Trade allegedly neglected to establish a target market determination before offering its margin trading product to Australian clients. Bit Trade first received notification of its non-compliance with these obligations…