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lawsuit News and Articles

Binance US Terra Luna

Investors Sued Binance.US Over LUNA and UST Sale


Law firm Roche Freedman LLP has filed a class-action lawsuit against the American division of the crypto exchange Binance and its CEO Brian Schroeder on behalf of LUNA and the UST stablecoin investors. According to the 72-page complaint, Binance.US offered unregistered securities to US citizens,...

Custodia Fed suit

Cryptocurrency Bank Custodia Sued Fed on a Decision Delay


Crypto banking, custody, and payment solutions company Custodia, founded by a 22-year Wall Street expert Caitlin Long, submitted a complaint against the US Fed. The company says Fed was illegitimately postponing a response on its master account request. Custodia's filing to the US District Court of...


Investors accuse Uniswap Labs of violating securities laws


A group of US investors led by Nessa Risley filed a class-action lawsuit against Uniswap Labs. They accused the developer of the popular DEX of non-compliance with securities laws, resulting in losses. In addition to the company, the plaintiffs also mentioned its founder Hayden Adams and investors...

Ripple SEC Eth docs

Ripple Will Access the SEC’s Docs on Ethereum, Judge Decided


As per a recent decision by the US Magistrate Judge Sarah Netburn, the SEC will disclose emails related to a speech, in which an ex-official William Hinman stated that Eth isn't a security in 2018. Then, he said that the cryptocurrency is decentralized enough. This speech plays a major role in the...


SEC wins $13M lawsuits against Bitconnect representatives


The US SEC announced court decisions against two representatives of the Bitconnect crypto lending platform, which it considers to be a $ 2 billion unregistered securities offering scheme. In May 2021, the regulator indicted four alleged Bitconnect promoters, Trevon Brown, Craig Grant, Ryan Maasen,...

SEC vs Ripple XRP

Ripple Got Access to Binance’s Records


The US SEC vs Ripple case can come closer to its solution with Magistrate Judge Sarah Netburn's decision to grant Ripple CEO Brad Garlinghouse access to reports of leading crypto exchange Binance. Per the decision announced on August 3, Ripple’s becoming able to hold discovery across the US...


Bitcoin exchange Upbit accused of patent infringement


Upbit, one of South Korea’s largest cryptocurrency exchanges, has faced a lawsuit filed by a university foundation for infringement of intellectual property rights. The Seoul University-Industry Cooperation Foundation claims that the trading platform infringed a patent on its “Secure...

Jay-Z Dame Dash NFT

Jay-Z and Roc-A-Fella Sued Dame Dash Over an NFT


American hip-hop record label Roc-A-Fella established by Jay-Z, Damon Dash, and Biggs Burke sued Damon Dash for intending to mint and sell Jay-Z's first album "Reasonable Doubt" as an NFT. The lawsuit shows that Dash intended to purchase an NFT of the album on the network SuperFarm via an...

SEC vs Ripple decision May

The SEC's Request to Access Ripple's Legal Concerns Refused


SEC vs Ripple lawsuit is in the process. On May 30, another decision on the case was published, where the US Magistrate Judge Sarah Netburn announced denying the SEC's request to access Ripple Lab's legal counsel records. The government agency found the step would bring more clarification. Per the...


SEC Files a Complaint Against Blockchain Network LBRY


On March 29 the U.S. SEC has submitted a suit against the distributed content protocol LBRY. The agency stated LBRY is trading unlisted securities via its native cryptocurrency and that there is a violation of the Securities Act of 1933. LBRY is a decentralized project created for content. Its...

Ripple settles with Youtube

Ripple Settled the Lawsuit Filed Against YouTube Last Year


The CEO of Ripple Labs Brad Garlinghouse tweeted today to inform the followers about the settlement of the lawsuit with Youtube. Last year, @Ripple and I sued @YouTube for failing to enforce its own policies by allowing fake accounts (impersonating my/Ripple’s verified accounts) to conduct XRP...

McAfee charged

Entrepreneur John McAfee Faces Lawsuit for Crypto Hoax


US Attorney's Office for the Southern District of New York submitted a lawsuit against the architect of the McAfee antivirus software firm John McAfee and the executive advisor of his cryptocurrency staff Jimmy Gale Watson with funds scam and money laundering. The police detained Jimmy Watson on...

MoneyGram lawsuit

Rosen Law Firm Accused MoneyGram of Wrong XRP Assertions


Major money transfer system MoneyGram encounters a lawsuit that claims it didn't inform users about XRP's class as unlisted security. The initiator of the legal proceedings was Rosen Law Firm which introduced a representative action on March 1. The suit was in the name of depositors that traded...

Binance sues Forbes

Binance Sues Forbes Journalists


The crypto trading platform Binance has sued Forbes and two authors for issuing an article in October that the company finds defamatory. The suit, submitted in US District Court in New Jersey, claims that the article—” Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme to Evade...

JP Morgan

JPMorgan will pay $2.5 million in a lawsuit


JPMorgan agreed to pay $ 2.5 million to settle a class-action lawsuit about irrational fees that the bank charged for transactions when purchasing cryptocurrencies. The lawsuit was filed in April 2018 against Chase Bank, a subsidiary of commercial holding JP Morgan Chase, which specializes in...

Canaan mining

A class-action lawsuit filed against Canaan Creative


Rosen Law Firm filed a class-action lawsuit against Canaan Creative on account of buyers of its securities. The manufacturer of bitcoin miners was accused of manipulating information during an IPO. According to a press release, investors intend to recover from Canaan Creative losses incurred after...

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