Lawsuit

Highlights: The SEC has rejected Hex founder Richard Heart’s attempt to dismiss the case against him. The case involves allegations of $1 billion in unregistered securities offerings. The lawsuit asserts that Hex, Pulse X, and PulseChain are considered securities. The […]

Highlights: ASIC has sued ASX for allegedly misleading statements about its failed blockchain project. ASX claimed the blockchain project was on track for April 2023 but faced delays. ASIC’s actions highlight its commitment to market integrity, with ASX’s stock price […]

Highlights: A U.S. appeals court has revived a lawsuit alleging Binance.US manipulated the HEX token price. The Ninth Circuit Court ruled that the district court has personal jurisdiction over Binance.US and CoinMarketCap. The case, initially dismissed in 2023, now returns […]

Highlights: SEC charges NovaTech with operating a $650 million Ponzi scheme, defrauding over 200,000 investors. Promoters and founders are accused of using investor funds to pay earlier investors and for personal gain. The legal action seeks permanent injunctive relief, disgorgement, […]

Highlights: Celsius sues Tether for breaching contract terms through “Preferential Application Transfer,” causing substantial financial losses. The lawsuit claims Tether’s hasty liquidation of 39,542.42 BTC was commercially unreasonable and violated market practices. Celsius seeks to reclaim over $2 billion in […]

Highlights: Brian Frye and Jonathan Mann filed a lawsuit against the SEC, questioning NFTs as securities. The lawsuit uses Taylor Swift’s concert tickets as an analogy to highlight the absurdity of the SEC’s approach. Attorneys argue the SEC’s broad interpretation […]

Highlights: Whales have triggered over 130 million XRP shifts within a three-hour timeframe. XRP price showed signs of massive recovery, with a 25.3% gain in its 7-day-to-date data. The protracted lawsuit remains XRP’s main price depressor. XRP whales are grabbing […]

Highlights: The SEC rejected Ripple’s comparison to Terraform Labs, citing significant case differences. Ripple’s penalty comparison based on Terraform’s ratio ignored gross profits, leading to a proposed $102.6 million penalty. The SEC emphasized that Terraform Labs’ bankruptcy and restitution measures […]

Highlights: Chainalysis, represented by Skadden Arps, won dismissal of a breach-of-contract suit seeking $80M in damages. As per Judge Joel Cohen, Plaintiff Blake Ratliff’s suit was dismissed due to untimely filing and unenforceable terms. Ratliff claims his oral agreement on […]

Highlights: Investors Chan Wing-yan and Herbert Lam filed a civil lawsuit against JPEX for over HK$1.85 million. The plaintiffs discovered their assets were transferred to unknown wallets shortly after deposit. The police reported 73 arrests related to the JPEX scandal, […]