The future of Eliza is now entering a new era since the founder of the project, Shaw Walters, has officially announced that the foundation of the project is shutting down for good. He announced that the Eliza token is now officially dead. Although the foundation made sure to settle all
Australia has aimed to regulate operations of various online platforms following the filing of civil penalty proceedings against Telegram. This case represents regulatory measures by states that are increasingly applying pressure to ensure that major messaging platforms regulate themselves to prevent the spread of extremist materials through their platforms. Civil
Nearly 1,700 UK cryptocurrency investors have taken legal action in the UK High Court against Binance and its co-founder, Changpeng Zhao, in a lawsuit worth more than £150 million, or roughly $200 million. The claimants’ law firm, KP Law, contends that Binance made available unregulated leveraged tokens, futures, and options
Gemini has been accused of allegedly misleading investors during and after the September initial public offering of the crypto exchange. A class action lawsuit against the firm has been filed by shareholders on March 19 in a Manhattan federal court. The filing includes claims against Gemini, its co-founders Tyler and
A user of Coinbase who attempted to block an IRS summons for his financial records got blocked by a California court. As per the information from PACER, Roger Metz filed a petition in the Northern District of California in May 2025 to cancel an IRS summons that looked for his
A banking lobby group hailing from the US is looking to take legal action against the Office of the Comptroller of the Currency over the agency permitting national trust bank charters to crypto companies. An unknown source close to the lobby’s thinking has informed The Guardian that the Bank Policy
The bankruptcy administrator for Terraform Labs has filed a lawsuit against Jane Street, accusing the company of insider trading in connection with the Terra ecosystem crash in 2022. The lawsuit was filed by Todd Snyder on behalf of Terraform Labs in federal court in New York. According to the lawsuit,
FTX users and law firm Fenwick & West LLP have agreed to a proposed settlement in a lawsuit regarding the firm’s representation of the failed cryptocurrency exchange, according to court documents. The lawsuit, which is part of a multidistrict litigation action filed in response to the collapse of FTX in
A US court has allowed an insider trading lawsuit against Coinbase executives, including CEO Brian Armstrong, to proceed. The plaintiffs claim that the company’s executives sold their shares while in possession of non-public information about the potential risks to the company’s stock price due to regulatory issues. The case does
The bankruptcy administrator of Terraform Labs has filed an enormous lawsuit against Jump Trading, claiming damages of up to 4 billion US dollars in connection with the collapse of the Terra ecosystem in 2022. The suit was brought against the trading company and its main executives, such as co-founder William
