Southern District of New York

In a move to protect its users, Google (NASDAQ:GOOGL) has filed a lawsuit against two Chinese nationals accused of creating fake cryptocurrency investment apps on the Google Play store. What Happened: The lawsuit, filed in the Southern District of New York, alleges that Yunfeng Sun (also known as...

Terraform Labs and its co-founder, Do Kwon, have approached a federal court to stand by their defense against the U.S. Securities and Exchange Commission's (SEC) allegations of fraud. They argue that the SEC has failed to provide solid evidence that the crypto entity dealt with securities....

Gemini Trust Co., a leading cryptocurrency platform, has initiated legal action against the now-insolvent crypto lender, Genesis Global Holdco LLC. The litigation revolves around the rightful ownership of Grayscale Bitcoin Trust shares, currently valued at nearly $1.6 billion, Bloomberg reported....

Karl Sebastian Greenwood, co-founder of the infamous OneCoin cryptocurrency, has been sentenced to 20 years in prison for his role in orchestrating one of the largest cryptocurrency fraud schemes in history. The fraudulent operation, which began in 2014 and was based in Sofia, Bulgaria, deceived...

U.S. prosecutors are challenging Sam Bankman-Fried, the founder of FTX (CRYPTO: FTT), on his defense strategy of that he was relying on legal advice. The Southern District of New York's U.S. Department of Justice submitted a letter to Judge Lewis A. Kaplan, emphasizing the need for...

FTX co-founder Sam Bankman-Fried has been unsuccessful in his attempt to dismiss criminal charges against him. This comes after a federal judge overseeing his trial rejected his pretrial motions. Bankman-Fried, who is facing charges of wire fraud, bank fraud, operating an unlicensed money...

The U.S. Department of Justice (DOJ) unsealed charges against two Russian nationals, Alexey Bilyuchenko, age 43, and Aleksandr Verner, age 29, for their alleged involvement in the infamous 2011 hack of the Mt. Gox cryptocurrency exchange and the subsequent operation of the shadowy cryptocurrency...

U.S. prosecutors and lawyers are allowing FTX founder and former CEO Sam Bankman-Fried access to a limited number of websites on a specially configured laptop. Among the approved sites are Amazon, the Wall Street Journal, the New York Times, Decrypt, CoinDesk, Netflix, Spotify, DoorDash, Uber Eats...

Attorneys representing FTX founder Sam Bankman-Fried have reached a consensus on updated bail terms with U.S. prosecutors, as disclosed in legal documents filed on Monday. District Judge Lewis Kaplan of the Southern District of New York is set to review the proposed conditions, which include...

The U.S. Department of Justice is reportedly investigating the collapse of TerraUSD (CRYPTO: LUNC), a stablecoin created by South Korean crypto entrepreneur Do Kwon. This could potentially result in criminal charges against Kwon. Citing sources familiar with the matter, a Wall Street Journal report...

Eight major media companies, including The Associated Press, Bloomberg, Reuters and Dow Jones, have made a request to the Southern District of New York court to release the names and identifying information of the two individuals who guaranteed the $250-million bond for former CEO of FTX,...