Follow the latest litigation cases affecting the blockchain and cryptocurrency sectors and understand their potential impact on regulations and market dynamics.
Litigation
Follow the latest litigation cases affecting the blockchain and cryptocurrency sectors and understand their potential impact on regulations and market dynamics.
On the first of November, the next meeting on the Celsius bankruptcy case took place. The key note of this meeting was a decree from a Federal judge to conduct an investigation, which would show whether Celsius worked under a Ponzi scheme.
The request for an investigation was the result
According to the Korean Broadcasting System (KBS), the South Korean prosecutor's office has received evidence of price manipulation of the collapsed stablecoin by Do Kwon. Against the background of these events, Kwon appears live on Twitch.
The court has set a deadline for filing lawsuits against Celsius, January 3 2023, for all who suffered from the bankruptcy of the company. An independent expert also presented her first report.
The court has set a deadline for filing lawsuits against Celsius, January 3 2023, for all who suffered from the bankruptcy of the company. An independent expert also presented her first report.
On the first of November, the next meeting on the Celsius bankruptcy case took place. The key note of this meeting was a decree from a Federal judge to conduct an investigation, which would show whether Celsius worked under a Ponzi scheme.
The request for an investigation was the result
According to the Korean Broadcasting System (KBS), the South Korean prosecutor's office has received evidence of price manipulation of the collapsed stablecoin by Do Kwon. Against the background of these events, Kwon appears live on Twitch.
As we wrote earlier, the Celsius bankruptcy trial has been going on for several months. The company has submitted various petitions to the court, thereby trying to improve its situation. Despite the fact that some of the proposals from Celsius were approved by the court, this has not always happen.
Netizens points out that Alex Mashinsky withdraws funds from his wallets while Celsius users are unable to move their funds due to blocking. All this is happening during the trial, as a result of which personal data and transactions of Celsius users have become publicly available.
Lawyers representing the interests of a group of Celsius shareholders filed a petition with the court requesting the appointment of a special committee, namely the "Official Committee on Preferred Shares". At the same time, Celsius may receive a refusal on previously submitted petitions.
Blockchain-based software firm Veritaseum Capital accused Coinbase of patent No. 11,196,566 infringement. Seems like a big deal: the patent covers the whole DeFi technology.
At the request of the South Korean authorities, Interpol issued a red notice for the founder of Terra, Do Kwon.  However, Kwon himself stressed that he was moving quietly and did not see his name on the Interpol’s lists. We have also checked Interpol site and could not find
