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Litigation

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.

Litigation   -   Oct 18, 2022 Celsius. Is Withdrawal Blocked for Everyone? Traditional Judicial Practice Does Not Cope with Crypto
Celsius logo on the background of the courtroom.

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.

Litigation   -   Oct 04, 2022 Celsius. Continuation of the Trial
Picture: a mobile phone with the Celsius mobile app on the background of a clock and the inscription bankruptcy.

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.

Update   -   Nov 02, 2022 UPD: Celsius petition for $2.96 million employee fund payment rejected

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.

Alex Harutunian
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Update   -   Nov 02, 2022 UPD: Celsius petition for $2.96 million employee fund payment rejected

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.

Alex Harutunian
Litigation   -   Oct 18, 2022 Celsius. Is Withdrawal Blocked for Everyone? Traditional Judicial Practice Does Not Cope with Crypto
Celsius logo on the background of the courtroom.

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.

Alex Harutunian
Litigation   -   Oct 04, 2022 Celsius. Continuation of the Trial
Picture: a mobile phone with the Celsius mobile app on the background of a clock and the inscription bankruptcy.

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.

Alex Harutunian
DeFi   -   Oct 04, 2022 Coinbase Accused of Using DeFi Technology
Coinbase Accused of Using DeFi Technology

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.

Sasha Markevich
Update   -   Sep 30, 2022 UPD: At the request of the South Korean authorities, Interpol issued a red notice for the founder of Terra, Do Kwon...

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

Alex Harutunian
Stablecoins   -   Sep 30, 2022 Tether. A new court request.
Tether coins

Judge Katherine Polk Failla issued an order that Tether must provide its financials to prove support for USDT. This order relates to a court case initiated back in 2019.

Alex Harutunian
Regulation   -   Sep 29, 2022 SEC vs. Ripple. What and When to Expect?
Ripple and SEC logos are seen behind the court case documents

Both, SEC and Ripple filed motions for summary judgment – meaning each side declares that they have arguments that can win the case without a trial. XRP price reacted positively but are there any grounds?

Alex Harutunian
DeFi   -   Sep 20, 2022 Celsius. A New Petition to the Court and a Statement From a Group of Users
Celsius. A New Petition to the Court and a Statement From a Group of Users

Lawyers from Kirkland & Ellis filed a petition with a court on behalf of Celsius. The document contains a request to provide Celsius with…

Alex Harutunian
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