Court News

Judge Michael Kaplan plans to approve BlockFi's liquidation plan

Lawyers for FTX founder Sam Bankman-Fried have filed a new request to temporarily release him from prison to prepare for legal battles.

Bad actors have flooded X, impersonating the bankruptcy claim agent for Celsius to scam claimants. Celsius users are targeted by a potential phishing email attack as the final court approval of its restructuring plan is anticipated on Oct. 2. Several…

Initially offered $200,000 annually at FTX, Bankman sought $1 million, even involving SBF’s mother in the negotiations. A new court filing reveals that Sam Bankman-Fried’s (SBF) father was unhappy with his salary at FTX, so he dragged SBF’s mother into…

Bankrupt FTX exchange has accused Sam Bankman-Fried’s parents of improperly diverting millions through alleged manipulation. The complaint filed on Sept. 18 accuses Joseph Bankman and Barbara Fried, both professors at Stanford Law School, of exploiting their positions within the company…

Mark Scott, associated with the $4 billion OneCoin fraud as the chief legal officer, is set to be sentenced while U.S. District Judge Edgardo Ramos denied his request for trial. Scott was found guilty of laundering roughly $400 million in…

As a wave of Binance staff, including its US CEO, resigns, the SEC intensifies its case, urging the court to allow deeper investigation into the crypto giant’s activities. In a court filing, the SEC recast accusations against CZ’s companies and…

U.S. prosecutors state FTX founder Sam Bankman-Fried has proposed extensive and intrusive jury questions for his upcoming fraud trial. On Sept. 15, prosecutors from the Southern District of New York requested the judge overseeing the upcoming criminal trial to reject…

A German court rejected the appeal against the hefty sentences given to the management of Cyberbunker for hosting deep web black markets on their servers. The German Federal Court of Justice largely upheld the defendants’ convictions in the so-called “Cyberbunker…

Rashawn Russell admits wrongdoing after falsely promising investors ‘assured profits’ for their crypto investments.  Rashawn Russell, a former investment banking professional at Deutsche Bank, is preparing to enter a guilty plea on charges of cryptocurrency fraud, according to new court…

The U.S. Securities and Exchange Commission (SEC) has accused Binance US of non-cooperation in a probe into alleged federal securities law violations. The SEC has raised concerns over using Ceffu, a custody service facilitated by the international arm of Binance.…

In a 15,000-word document revealed by The New York Times, the disgraced crypto entrepreneur tried to share his point of view on what happened to FTX. Sam Bankman-Fried (SBF), the founder of the failed crypto exchange FTX who’s charged with…

US federal judge has denied FTX founder Sam Bankman-Fried's temporary release, forcing him to remain in jail for his defense preparations.

Celsius Network CEO has asked the court to dismiss the complaints by the US Federal Trade Commission (FTC) against him, claiming that he did not violate any law.  Co-founder and former CEO of bankrupt crypto lending platform Celsius Network Alex…

Decentralized file-sharing network LBRY (LBC) filed a declaration of intent to challenge the accusations that the SEC had moved against it. In a Sept. 7 filing, LBRY’s legal counsel appealed to the United States Court of Appeals for the First…

Turkish crypto exchange Thodex’s founder and his two siblings face over 11,000 years in jail each after being convicted of fraud, money laundering, and running a criminal organization. A Turkish court sentenced Faruk Fatih Ozer — the man behind Thodex,…