The Law Drop

Crypto Legal News & Analysis, Aggregated and Airdropped

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Did you know that you can browse the latest Crypto-Legal and AI news at https://t.co/rANKoiZSJE? #Crypto #AI #CryptoNews #LawDrop

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4/ #FTX #Crypto https://t.co/uRU3iF7sif

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1/ Here's the tl;dr:
FTX estate files a lawsuit to recover over $1 billion in cash and shares from founder Sam Bankman-Fried and other executives, alleging fraudulent transfers and squandering FTX's assets.

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3/ The defendants are accused of using FTX funds for luxury homes, political contributions, investments, and personal expenses.

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4/ #Binance https://t.co/Gtds6PZXHb

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1/ Here's the tl;dr:
Binance, after facing regulatory challenges in several countries, found a base in Lithuania to establish a subsidiary called Bifinity.

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3/ Binance's attempts to gain regulatory legitimacy in the United Kingdom through partnerships with other companies, including Eqonex, resulted in failed efforts and allegations of fraud.

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4/ #FTX #SBF https://t.co/xqpsaQYpdG

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1/ Here's the tl;dr:
U.S. prosecutors request an order to prevent Sam Bankman-Fried, former CEO of FTX, from making statements that could interfere with a fair trial.

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3/ Bankman-Fried faces prosecution for his role in the collapse of FTX and Alameda Research, with charges including wire fraud, money laundering, and campaign finance.

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4/ #Crypto https://t.co/xvmNRybTae

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1/ Here's the tl;dr:
The U.S. District Court for the Southern District of New York granted partial summary judgment in favor of Ripple in its litigation with the SEC, rejecting the SEC's effort to regulate crypto secondary markets.

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3/ The U.S. Attorney's Office for the Southern District of New York brought cases against criminals involved in crypto and NFT theft, highlighting law enforcement's commitment to combating illicit activities in the cryptocurrency space.

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4/ #SEC #Crypto https://t.co/gQguIKflvD

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1/ Here's the tl;dr: - Terraform Labs is seeking court permission to subpoena information from FTX in order to defend itself against the SEC's allegations of misleading investors. - Terraform alleges that a coordinated short attack and FTX's involvement contributed to the

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3/ - The SEC claims that Terraform and its former CEO, Do Kwon, misled investors about the stability of the stablecoin and its restoration by an algorithm, instead relying on Jump Trading.