Shaw Walters, founder of Eliza Labs, announced that the ELIZAOS token is 'dead' and the Eliza Foundation is winding down after using remaining treasury funds to settle a class-action lawsuit. The token, formerly known as AI16Z, fell 19% to an all-time low following the announcement.
The Second Circuit Court of Appeals issued its mandate on August 4, 2026, officially closing Sam Bankman-Fried's appeal and affirming his conviction and 25-year sentence for fraud and conspiracy related to the collapse of FTX. A Supreme Court petition remains his only remaining legal option.
A court dismissed the majority of a lawsuit accusing Coinbase, the largest U.S. cryptocurrency exchange, of illegally selling securities without proper registration as an exchange or broker-dealer. The ruling represents a significant legal victory for the company in ongoing disputes over cryptocurrency regulation.
Cryptocurrency derivatives exchange BitMEX was hit with a proposed class-action lawsuit accusing it of engineering customer liquidations to seize 623 bitcoin (approximately $60 million) on the same day the platform announced it would shut down after 11 years of operation.
Former Celsius CEO Alexander Mashinsky and business partners Shlomi Daniel Leon and Hanoch “Nuke” Goldstein were ordered to pay $10 million, $4.1 million, and $2.014 million, respectively, to resolve Federal Trade Commission charges related to the collapsed cryptocurrency lending platform. Mashinsky and Leon are permanently barred from marketing or selling certain asset-related products or services, while Goldstein is permanently barred from marketing or selling specified retail cryptocurrency products or services.
Ripple CEO Brad Garlinghouse disclosed that the company seriously considered shutting down after the SEC sued in 2020, spending $150 million on legal defense. The revelation comes as the XRP community celebrates the third anniversary of Judge Analisa Torres's July 13, 2023 split summary judgment ruling.
An appeals court has rejected Sam Bankman-Fried's attempt to overturn his conviction for fraud related to the collapse of cryptocurrency exchange FTX and his 25-year prison sentence. The former billionaire founder of FTX had appealed both the conviction and the lengthy sentence handed down for his role in the exchange's failure.
An appeals court rejected Sam Bankman-Fried's attempt to overturn his conviction for fraud related to the collapse of cryptocurrency exchange FTX and his 25-year prison sentence. The former billionaire founder of FTX had appealed both the conviction and the lengthy sentence handed down for his role in the exchange's failure.
FTX founder Sam Bankman-Fried's appeal to overturn his fraud conviction and 25-year prison sentence was denied by an appeals court on Friday. Around the same time, his X account posted market commentary via a prison-approved proxy, marking his continued social media presence despite incarceration.
FTX founder Sam Bankman-Fried's appeal to overturn his fraud conviction and 25-year prison sentence was denied by an appeals court on Friday. Around the same time, his X account posted market commentary via a prison-approved proxy, marking his continued social media presence despite incarceration.
A Bitcoin wallet dormant since March 2011 transferred 15 BTC on June 2, 2026, months after receiving a legal notice via blockchain demanding proof of ownership in a $285 billion lawsuit. The wallet retained 20.55 BTC as change.
Jane Street filed a motion to dismiss Terraform Labs' lawsuit alleging the trading firm used insider information during the $40 billion Terra/UST collapse. Jane Street argues the timing doesn't support the allegations and that the case rehashes events already settled in court.
Coinbase removed New York Attorney General's prediction markets lawsuit from state to federal court, setting up a jurisdictional fight over CFTC authority versus state gambling laws. The move follows New York's lawsuit against Coinbase and Gemini over alleged illegal prediction market gambling.
The DOJ announced a compensation process for victims of the $4 billion OneCoin fraud scheme, offering more than $40 million in seized assets. OneCoin was launched by Ruja Ignatova, who has been missing since 2017, and Karl Sebastian Greenwood, who was sentenced to 20 years in prison.
A federal judge ordered Arizona not to bring enforcement actions under state law against prediction market Kalshi, at least temporarily, as DOJ and CFTC argue the platform's contracts are federally regulated swaps rather than state-level gambling.
South Korean exchange Bithumb filed for legal action to recover 7 BTC remaining from a February promotional error where staff mistakenly entered 'BTC' instead of 'KRW', crediting roughly 620,000 bitcoin worth over $40 billion to users.
US prosecutors rejected Tornado Cash co-founder Roman Storm's newest argument for case dismissal, stating a recent Supreme Court ruling cited by his attorneys was 'inapposite' to the case as Storm faces retrial on two charges.
A Nevada state judge extended a temporary restraining order against Kalshi's sports prediction markets, ruling that the platform's baseball game contracts are indistinguishable from ordinary gambling and require a gaming license. The order extends a ban originally issued on March 20.
The Commodity Futures Trading Commission filed lawsuits against Illinois, Arizona, and Connecticut, asserting exclusive federal jurisdiction over prediction markets under the Commodity Exchange Act. The suits challenge state cease-and-desist orders against prediction market operators.
A US court ordered KuCoin operator Peken Global Limited to pay a $500,000 penalty to the CFTC and permanently block American traders from its platform, following a separate $297-300 million DOJ settlement over similar conduct.
Washington Attorney General filed lawsuit against prediction market operator Kalshi on Friday, alleging the platform offers gambling products disguised as prediction markets in violation of state regulations. This marks the latest state-level legal action against the company.
A federal judge in California has certified a class of Nvidia investors alleging the chipmaker failed to properly disclose billions of dollars in crypto-related GPU revenue. The certification allows the securities case to advance toward potential trial.
