Nike is facing a class action complaint in New York federal court by non-fungible token purchasers who claimed the corporation hyped a project with recently acquired RTFKT to […]
Judge Expresses ‘Grave Suspicion’ Over Deleted Messages Ahead of Sanctions Hearing for Crypto Investor
A federal district court in Tampa will hold a sanctions hearing Thursday involving Gary Cardone, a prominent crypto investor, and one of his companies, Chargebacks 911, over allegations […]
Crypto ‘Market Makers’ Barred From Securities Industry
Two “market makers” who promoted microcap stocks and cryptocurrencies to hundreds of thousands of followers on Tuesday agreed with the U.S. Securities and Exchange Commission in Massachusetts federal […]
Shifting Crypto and Cyber Priorities In SEC Enforcement
At the end of each fiscal year, the U.S. Securities and Exchange Commission (SEC) issues its annual enforcement report. Within the report the SEC publishes its enforcement statistics […]
Crypto Investment Firm Alleges $16M ‘Rug Pull’ by DeFi Insiders
Hash Asset Management Ltd. sued the founders of the ICHI crypto protocol in Delaware state court for orchestrating what the digital asset investment firm alleged was a pump-and-dump […]
Tinder Seduction Ends in $3M Crypto Scam
In early January 2024, Ari Ben Swartz, a retired systems analyst living in Las Cruces, New Mexico, did what many newly single Americans do: he downloaded Tinder. His […]
Investor Sues Crypto Firm Bakkt Over Alleged Stock Price Deception
Bakkt and its top brass are facing a complaint in Manhattan federal district court over allegations they duped the market with overly rosy projections about the firm’s financial […]
Xfinity Faces Lawsuit Over $650K Crypto Heist
A New Jersey man has sued Xfinity and the cryptocurrency platform, eXch, alleging the defendants are liable for $650,000 in stolen cryptocurrency after his email account was hacked. […]
SEC Signals Definitive Shift on Crypto Crackdown in Three More High-Profile Actions
The U.S. Securities and Exchange Commission officially dismissed on Thursday evening three high-profile enforcement actions—against Cumberland DRW LLC, Consensys Software Inc., Payward Inc. and Payward Ventures Inc., together […]
How a Delaware Judge Ordered Switchboard to Reveal Its Crypto Token Records
Switchboard has less than 10 days to provide co-founders and minority shareholders of the company access to its books and records in connection with its planned cryptocurrency token […]