All by tag: Lawsuit

The judge allowed the possibility that the verdict could also be passed in virtual space

The judge acknowledged that investors could expect to profit from the company’s efforts, which is the definition of a security

Attorney General Letitia James said the platform violated the Martin Act, used to combat financial fraud

The company failed to record about 7000 internal transfers worth billions of dollars

Prosecutors believe that Sam Bankman-Fried is pressuring witnesses in the case

They should have an insignificant value compared to the total asset base of the crypto exchange

Marc Zeller, a member of the DeFi protocol community, explained that since new BUSD are no longer being issued, the supply of the asset will trend to zero

Brian Armstrong stated that the program could not be considered an offer of securities

The decision comes amid intensified action by the SEC against crypto companies

The agency has been seeking personal and tax information since 2021

Roger Ver also conceded that the crypto broker lost its solvency back in June 2022

In addition to private organizations, government agencies from the United States, Japan, Australia, and Hong Kong are among the creditors