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Daily Business Review

NFTs Could Be the Next Wave of Crypto Securities Litigation

"Calling this investment a non-fungible token or governance token does not mask the reality that the Astrals NFT collection…are unregistered securities," Lee Reiners, a professor at Duke Law School, alleged in court documents.
4 minute read

Corporate Counsel

Ex-FTX GC Launches Law Firm, Says His 'Hugely Disappointing Experience' Will Be Asset for Clients

"The difference between something that's illegal and something that needs your advice and counsel to get corrected is usually pretty stark," said Ryne Miller, who left FTX after CEO Sam Bankman-Fried was charged with carrying out a massive fraud.
4 minute read

New York Law Journal

Cryptocurrency Fraud: Trends, Challenges and Recovery

In this article, Robert Appleton discusses the global rise of cryptocurrency fraud and highlights some promising developments for how to prevent or counteract it.
7 minute read

New York Law Journal

Former FTX Executive Ryan Salame Pleads Guilty, Admits to 'Tens of Millions' in Illegal Political Donations

Ryan Salame, 30, told U.S. District Judge Lewis Kaplan that he worked with others to make illegal campaign contributions and defraud the Federal Election Commission,
3 minute read

New Jersey Law Journal

Whistleblower Claims Reporting Crypto Executive's 'Partying' at Conference Got Him Fired

The Bitcoin Conference "has developed the reputation, by many in the cryptocurrency industry, as well as representatives in the media, as a conference that endorsed strenuous 'partying' and significant social excess amongst many of its conference-goers," according to the suit.
4 minute read

National Law Journal

SEC's Enforcement Action Adds Complexity, Uncertainty to Crypto Industry, Attorneys Say

"Lawyers are giving clients the best advice at the moment without the benefit of a crystal ball," said regulatory attorney Lara Gatz.
4 minute read

National Law Journal

'Tough Decisions Ahead': After Grayscale Ruling, Lawyers Eye SEC's Next Move

"If the SEC is going to take another swing at this pinata, it can't miss," one attorney said.
6 minute read

New York Law Journal

Counsel for Sam Bankman-Fried Decline to Ask for Trial Delay

Bankman-Fried's attorneys argued that the discovery is still arriving in the final weeks before trial because prosecutors rushed to indict their client.
3 minute read

New Jersey Law Journal

First Responders Were Defrauded in Crypto Scheme, SEC Suit Against Ex-Corrections Officer Claims

This suit was surfaced by Law.com Radar. Read the document here.
1 minute read

Delaware Business Court Insider

Agreeing to Wider Customer Notice, FTX to Settle Claims Out of Delaware Court

Sullivan & Cromwell partner Brian Glueckstein said the sheer volume of claims involved in the case—around nine million in total—makes it a candidate for keeping smaller settlements moving without court oversight as a way of avoiding spending more time and money than necessary.
4 minute read

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