Lawsuit News

Ripple’s Chief Legal Officer, Stuart Alderoty, outlines several scenarios that might play out regarding the outcome of the legal dispute between Ripple and the U.S. Securities and Exchange Commission. In an X post, Alderoty predicts that the U.S. Second Circuit…

FTX customer Nikolas Gierczyk accuses Olympus Peak of underpaying him after buying his FTX bankruptcy claim worth $1.59 million, alleging the hedge fund owes him much more in additional recovery. According to a Bloomberg report on Oct. 11, Californian Nikolas…

Centralized exchange Crypto.com has sued the U.S. Securities and Exchange Commission shortly after receiving a Wells Notice from the agency. The Securities and Exchange Commission issued a Wells Notice against Crypto.com, informing the digital asset trading venue of possible enforcement…

The United States Department of Justice and Securities and Exchange Commission urged the Supreme Court to proceed with the Nvidia securities fraud lawsuit. In an Oct. 2 amicus brief document, U.S. Solicitor General Elizabeth Prelogar and SEC senior lawyer Theodore…

A US citizen has filed a lawsuit over losing $2.1 million in Bitcoin tokens due to what he believes to be a pig butchering scam orchestrated by a crime syndicate in Southeast Asia. According to a release on Oct. 3,…

Gurbir Grewal has resigned from the SEC after three years at the regulator and over 100 crypto-related enforcement actions. According to a U.S. Securities and Exchange Commission statement, Gurbir Grewal, the agency’s director of enforcement, will retire from the federal regulator…

Coinbase pressured the U.S. Securities and Exchange Commission over precise and transparent crypto regulation on Monday, Sept. 23. The leading cryptocurrency exchange in the U.S. and the financial regulator clashed in a federal appeals court in Philadelphia, according to a…

Former FTX CEO Sam Bankman-Fried has challenged his 25-year sentence following his five-week trial late last year. According to the New York Times, Bankman-Fried appealed a November 2023 court ruling that found the FTX founder guilty of defrauding investors of…

Could eToro’s settlement with the SEC be the beginning of a major shift in how crypto assets are regulated? Will other platforms face similar crackdowns in the near future? SEC strikes, eToro settles eToro, an Israel-based global crypto trading platform,…

The SEC’s aggressive digital asset enforcement actions have netted billions in settlements, the bulk of which occurred this year. Since the U.S. Securities and Exchange Commission extended its oversight to the nascent crypto industry in 2013, civil penalties levied against…

A New Jersey court judge deemed a lawsuit against Coinbase over its portrayal of an eventual regulatory crackdown acceptable. Late on Sept. 5, U.S. District Judge Brian Martinotti ruled that Coinbase shareholders had the right to sue the crypto exchange…

Less than 24 hours after a judge dismissed a lawsuit that accused Elon Musk of a "Dogecoin Pyramid Scheme," the Tesla chief expressed interest in making the meme coin a payment option for Tesla merch.

A California judge denied Kraken’s move to dismiss an SEC lawsuit and found the Commission’s crypto-securities argument acceptable. On Aug. 23, U.S. District Judge William H. Orrick ruled that the crypto exchange Kraken must face a Securities and Exchange Commission…

Instead of a crypto hub, Brock Pierce has created legal disputes and debts, with at least three lawsuits pending. According to The New York Times, Bitcoin (BTC) veteran Brock Pierce planned to revive Puerto Rico’s economy with cryptocurrency but became…

A U.S. judge rejected Meta Platform’s bid to dismiss a lawsuit by billionaire Australian mining tycoon Andrew Forrest. The lawsuit revolves around a series of deceptive Facebook ads featuring Forrest endorsing fake crypto projects and other fraudulent investments. Forrest is…

The Supreme Court has agreed to review Nvidia's request to dismiss a securities fraud lawsuit.