— Daniel Wallach (@WALLACHLEGAL)April 7, 2023 “The only way that O’Neal or someone acting on his behalf would have gotten the information necessary to send this text to Mr. Shaw is if they physically went to 4012 Sahara Court and retrieved the business card he left there with his con...
A class action lawsuit has been issued against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane. The lawsuit, which concerns accounts held by troubled crypto companies FTX and Alameda Research, was filed at the California Sou
The litigation, filed in Miami, has cast a spotlight on the important role that high-profile athletes, actors and other entertainers played in promoting FTX. Although somelegal expertsthink it will be tough to prove liability, the federal case is forcing a reexamination of how celebrities have ...
Crypto Contagion Cryptocurrency exchanges like Crypto.com downsized due to a surge of customer withdrawals following FTX's collapse. Cryptocurrency lenders and banks BlockFi, Genesis Global, Celsius, and Voyager Digital underwent bankruptcy liquidations and legal proceedings for authorizing severely undercolla...
Junkermann. Roughly two months later, the bank hired Joseph Vincent as its legal counsel. Immediately prior to joining Farmington/Moonstone, Vincenthad servedas the general counsel for Washington State’s Department of Financial Institutions and its director of legal and regulatory affairs for 18 ...
There are three different, possibly simultaneous legal threats that Bankman-Fried faces in the United States alone, Levin told CNBC. First is criminal action from the U.S. Department of Justice, for potential "criminal violations of securities laws, bank fraud laws, and wire fraud laws," Levi...
FTX founder Sam Bankman-Fried told two media outlets this week that it was his mistakes and ignorance that led to the severe liquidity crisis that forced his $32 billion crypto empire into bankruptcy, comments that hint at his legal predicament. “I didn’t knowingly commingle funds,” Bankman...
Hedge funds and private equity firms took a bigger swing in their legal fight with the Securities and Exchange Commission, alleging that the regulator lacked authority to impose a slate of new restrictions in August. Trade groups including the American Investment Council and the Managed Funds Associa...
The class action lawsuit concerned alleged cybersecurity failures on the part of Coinbase and seeks to compensate customers who allegedly had their accounts breached and “incurred losses arising from the unauthorized transfer of assets.” In the filing, the plaintiff alleged he had $6,000 of ...
Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its sto...