A lawsuit by shareholders poses a risk of derailing the intended merger between Strive, a Bitcoin treasury company and Semler Scientific, a healthcare technology company. Terry Tran submitted the complaint claiming that there was a violation of securities and the transaction should be stopped until the investors are properly disclosed.
Citibank has been sued by a victim of a romance scam on federal grounds, alleging that the bank did not take any measures to stop a huge romance scam. Michael Zidell accuses Citibank of overlooking the red flags as it sent close to $4 million in suspicious transfers to the
Coinbase, one of the largest cryptocurrency exchanges in the world, has officially disclosed a data breach that affected 69,461 users, including sensitive customer information like names, phone numbers, addresses, email IDs, and even government ID images. The breach occurred on December 26, 2024, but was only discovered in May 2025,
FTX has reignited its legal offensive, filing fresh lawsuits against NFT Stars Limited and Kurosemi Inc., the entity behind AI gaming platform Delysium. According to a court filing in the U.S. Bankruptcy Court in Delaware, the FTX Estate demands the return of tokens bought under clear investment agreements. After over
The U.S. Securities and Exchange Commission has officially dismissed enforcement actions against Kraken, ConsenSys, and Cumberland DRW LLC. On March 27, the agency filed joint ASA stipulations for dismissal with prejudice regarding the cases. This means that the case cannot be refilled, which indicates a major regulatory shift. The SEC
The U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss its lawsuit against cryptocurrency exchange Kraken. The decision marks a significant shift in the SEC’s approach toward the cryptocurrency industry, following a turbulent legal period for crypto platforms. The SEC has agreed in principle to dismiss its
A U.S. judge has placed the Securities and Exchange Commission’s (SEC) lawsuit against Binance on hold for 60 days. Both the SEC and Binance requested the delay, citing potential regulatory changes under a newly formed SEC task force. On Thursday, U.S. District Judge Amy Berman Jackson approved the joint motion
Binance and the U.S. Securities and Exchange Commission (SEC) have jointly filed a motion to put their lawsuit on hold. This step is taken due to the SEC’s cryptocurrency working group potentially intervening in the lawsuit process. According to Fox Business reporter Eleanor Terrett, this was the first request to
Pump.fun is making headlines again for receiving a cease and desist letter by Burwick Law and Wolf Popper. This is because some meme coins on the platform use law firm logos and names without any official permission. Pump.fun is Solana’s meme coin launchpad used to create and launch meme coins.
FTX has settled with K5 Global, resolving a lawsuit that sought to recover $700 million in disputed investments. The bankrupt crypto exchange had sued K5 in June 2023 as part of efforts to reclaim funds before its collapse in November 2022. The settlement will allow FTX to retain its stake
