All by tag: Lawsuit

The exchange, its founder, and a number of influencers were accused of selling and promoting unregistered securities

Michael Alan Stollery spent the funds raised on living expenses in Hawaii and covering the loan

The decision was made contrary to the prosecutors’ claim of a high risk of the user’s escaping

The company’s representatives called FTX DM an economic and legal “nullity.

One of the defendants, blogger Bitboy, intends to counter-sue

Judge Michael Wiles explained that the broker’s restructuring does not imply its exemption from liability for past violations

Attorney General Letitia James said that the exchange violated the Martin Act, used in the state to combat financial fraud

The deal may increase the amount of funds to reimburse FTX’s creditors

The parties have yet to clear regulatory hurdles before closing the deal

The plaintiffs are demanding to unlock $9 billion for shareholders of the Grayscale Bitcoin and Ethereum trusts

The representative of the Commission stated this during the consideration of the deal to sell the crypto broker Voyager to the US arm of the exchange

According to the broker’s report, this came after the bankruptcies of “several other major cryptocurrency trading venues and lending platforms”