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HK SFC: Sentencing Adjourned in Market Manipulation Case
legal

HK SFC: Sentencing Adjourned in Market Manipulation Case

Sentencing in a significant market manipulation case has been postponed, according to the Securities and Futures Commission.

Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More
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Crypto Regulatory Developments: Congressional Review Act, DOJ Charges, and More

A summary of recent regulatory actions and legal developments impacting the global crypto industry, for the period May 5 – May 20, 2024.

Yuga Labs Legal Battle Escalates as Defendants Allegedly Thwart Court Orders
legal

Yuga Labs Legal Battle Escalates as Defendants Allegedly Thwart Court Orders

Yuga Labs' lawsuit sees non-compliance accusations against defendants, potentially impacting the NFT and cryptocurrency landscape.

The Rescheduling of Changpeng 'CZ' Zhao's Sentencing Reflects Legal Complexities and Implications
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The Rescheduling of Changpeng 'CZ' Zhao's Sentencing Reflects Legal Complexities and Implications

Changpeng "CZ" Zhao, founder of Binance, faces a legal hurdle as his money laundering charges are postponed to April 30. The case highlights the ongoing struggle between cryptocurrency entities and regulatory bodies, raising questions about digital asset future.

US Court Approves Sealed Settlement in BlockFi vs. 3AC Dispute
legal

US Court Approves Sealed Settlement in BlockFi vs. 3AC Dispute

A US judge approved a confidential settlement between BlockFi and Three Arrows Capital, aiming to resolve financial disputes without further litigation. The details remain sealed to protect sensitive information amidst BlockFi's bankruptcy proceedings and its implications on the broader crypto market.

FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings
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FTX Seeks Court Approval to Sell $175M Genesis Claim Amid Bankruptcy Proceedings

FTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming to optimize returns from the sale. The move is part of FTX's broader strategy to manage its financial recovery post-collapse, with the proposed sales procedure designed to ensure maximum value from the claim amidst Genesis's ongoing legal and financial challenges.

Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort
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Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort

Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a significant step towards resolving the company's financial and legal hurdles.

FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
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FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange

FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.

Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital
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Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital

Singapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law.

Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack
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Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack

Three families of victims from the Hamas attack on Israel have filed a lawsuit against Binance, its former CEO Changpeng Zhao, Iran, and Syria, alleging their support for terrorism. The suit claims these parties provided substantial assistance to Hamas, spotlighting the challenges of regulating cryptocurrency in combating terrorism financing.

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