In Brief FTX seeks to recover $1.76 billion from Binance, claiming it was transferred under unclear circumstances. CZ argues Delaware bankruptcy court lacks jurisdiction, citing his residence in the UAE. The lawsuit is part of a broader legal battle following FTX’s collapse, with tensions between Binance and FTX dating back to 2022. Changpeng “CZ” Zhao,…
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In Brief The SEC has distributed $4.6 million to investors affected by BitClave’s failed 2017 ICO, which raised $25.5 million. BitClave agreed to pay $29 million to a restitution fund but had only contributed $12 million as of early 2023. Eligible investors filed claims by August 2023, and the SEC completed the review process in…
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In Brief FractureLabs sues Jump Trading, alleging manipulation of DIO token price during a 2021 market-making deal. Jump allegedly profited from a DIO price surge and crash, liquidating holdings for millions. The CFTC is investigating Jump’s cryptocurrency trading and investment practices. FractureLabs, a game developer, has filed a lawsuit against Jump Trading, accusing the firm…
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In a word The SEC has charged crypto trade Kraken for working as an unregistered protections trade, representative, vendor, and clearing organization. Kraken has supposedly made many millions unlawfully by working with the trading of “crypto resource protections” starting around 2018. This isn’t whenever Kraken first has confronted SEC investigation; in February, it consented to…
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In a word Fortress Computerized, a Bitcoin mining firm, has unveiled apparently hearty monetary outcomes for Q2 2023. The organization expects a hash pace of 4 EH/s by September 2023, demonstrating developing productivity in its mining tasks. Regardless of positive functional updates, Fortress faces legitimate difficulties, including a legal claim. The Bitcoin mining firm Fortification…
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