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New York Law Journal

Manhattan Jury Finds Terraform, Do Kwon Liable in Crypto Civil Fraud Trial

U.S. District Judge Jed Rakoff of the Southern District of New York said he intends to rule on penalties no later than the first week of May, after receiving briefs from the defendants and the U.S. Securities and Exchange Commission.
3 minute read

New York Law Journal

'Failure Is Not Fraud': Dentons Partner, SEC Make Closing Arguments in Terraform Civil Fraud Trial

After hearing nearly two weeks of evidence in the civil fraud case, jurors in the Southern District of New York on Friday began deliberating on whether cryptocurrency company Terraform Labs and its founder Do Kwon defrauded investors by lying about the company's success.
4 minute read

National Law Journal

SEC Enforcement Chief Defends Crypto Actions as 'Consistent,' 'Principled'

"[E]very lawyer here knows what the test is to determine whether a crypto asset was offered and sold as an investment contract, and therefore a security: It's the Howey test," said Gurbir Grewal.
3 minute read

New York Law Journal

'Came Back to Haunt Him': White-Collar Lawyers Address Bankman-Fried's 25-Year Sentence

U.S. District Judge Lewis Kaplan noted the ex-crypto entrepreneur's "exceptonally privileged background" in meting out his sentence.
4 minute read

New York Law Journal

'He's Not Going to Admit a Thing:' Sam Bankman-Fried Sentenced to 25 Years in FTX Collapse

Bankman-Fried, 32, was also ordered to forfeit more than $11 billion. His attorneys at Mukasey Young, led by Marc Mukasey, have said he will appeal.
5 minute read

Delaware Business Court Insider

'Just a Bunch of Zeroes and Ones': Crypto Valuation Sets Up 'Battle of Experts' in FTX Bankruptcy

"The difficulty with valuing crypto assets as opposed to other assets is they have no inherent value," a bankruptcy judge observed.
4 minute read

New York Law Journal

SEC Says Terraform Labs and Its Founder Built 'House of Cards' as Civil Fraud Trial Opens

Terraform's attorneys at Denton and founder Do Kwon's attorneys at Kaplan Hecker & Fink maintained, during their own opening statements, that their clients did not lie.
3 minute read

The American Lawyer

Patterson Belknap Litigator Confirmed as FTX Examiner

Judge John Dorsey ordered the appointment of Patterson Belknap of counsel Robert Cleary to conduct a 60-day investigation of the FTX collapse.
3 minute read

Legaltech News

Regulating Digital Assets: Can the United States Avoid Being a Legislative Luddite?

One crucial fact that observers often miss is this: There is not just a technology race underway globally, but also a "regulation of technology" race.
6 minute read

New York Law Journal

Feds Want Sam Bankman-Fried Sentenced to 50 Years

In their memo, prosecutors described Bankman-Fried's actions as "one of the largest financial frauds in history, and what is likely the largest fraud in the last decade."
2 minute read

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