Tag: settlement
FTX and Bybit Reach $228M Settlement, Marking End of Epic Liquidation
FTX, a global exchange that faced bankruptcy, has recently secured a significant cash settlement of over $200 million from the crypto exchange Bybit. This influx of funds will contribute to the approved FTX dispersal...
FTX Settles $228 Million Dispute with Bybit Amid Bankruptcy Proceedings
FTX has recently settled a $228 million dispute with the crypto exchange Bybit and its affiliates, putting an end to a lawsuit that was filed in November 2023. The lawsuit was seeking to recover...
Achieving True Final Settlement in Bitcoin: The Importance of Privacy
Financial privacy has become a significant concern in the digital age, especially with the rise of electronic transactions that can be monitored and manipulated. While Bitcoin offers security through its network and confirmations, the...
Class Action Lawsuit Against Tether: Plaintiffs File Slimmed Down Complaint
Plaintiffs in a class action lawsuit against Tether and Bitfinex have filed a new, streamlined complaint in the Southern District of New York. The complaint accuses the companies of manipulating the cryptocurrency markets and...
Silvergate Settles SEC Lawsuit for $50M; Faces $63M Fine from Fed and California Regulator
Silvergate Capital recently settled a lawsuit with the SEC for $50 million, while facing additional fines of $63 million from the Federal Reserve and the California Department of Financial Protection and Innovation. The SEC...
Gemini Pays $50 Million to New York for Investor Fraud – CoinJournal
Gemini Trust has agreed to pay $50 million to the New York Attorney General Letitia James for defrauding investors in the Gemini Earn program. This money will be used to reimburse more than 230,000...
U.S. Judge Approves $4.5B Settlement between Terraform and SEC.
A settlement agreement involving a $4.5 billion penalty and a ban on trading "crypto asset securities" has been approved by a U.S. District Court judge. The agreement was reached between the Securities and Exchange...
New York Recovers $50 Million from Gemini for Defrauded Investors – CoinJournal Gemini Pays $50...
New York Attorney General Letitia James recently announced that $50 million has been recovered from Gemini Trust. This money was defrauded from Gemini Earn users, and it will now be used to repay more...
