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New York Law Journal

Blockchain Company Sued Over $80M in Stock Options It Allegedly Denied Ex-Employee

A former Chainalysis employee claims the company breached a contract when it refused to grant him his vested stock options.
3 minute read

Law.com

SEC Freezes Assets of Utah-Based DEBT Box in $50M Crypto Scheme

The suit was first surfaced by Law.com Radar.
2 minute read

Texas Lawyer

X (aka Twitter) Files Dallas Suit, Accusing 5 in NFT Hacking Scheme

The defendants requested a password reset for a user earlier this month, then posted a link to purchase counterfeit NFTs. The link was a fraudulent phishing scheme designed to steal cryptocurrency from those who clicked on the link, the lawsuit alleges.
2 minute read

New York Law Journal

Sam Bankman-Fried Leaves Courtroom in Handcuffs, Lawyers Say They Will Appeal Bail Revocation

U.S. District Judge Lewis Kaplan of the Southern District of New York noted that the defense has raised concerns about Sam Bankman-Fried's First Amendment rights while he is under an interim gag order, but ruled that the concerns about witness intimidation outweigh that issue.
4 minute read

Delaware Business Court Insider

'That Was the Piggy Bank for Everyone': Lawyer for FTX Non-US Customers Weighs Bid for Recovery

Names of overseas creditors have been released by the bankruptcy court. The foreign creditors have formed an ad hoc committee represented by Eversheds Sutherland.
7 minute read

Law.com

Lawsuit Accuses Campaign Staffer of Defrauding Late U.S. Senate Candidate With Cryptocurrency Scam, Contributing to His 'Untimely Death'

This complaint was first surfaced by Law.com Radar.
4 minute read

New York Law Journal

Feds Fire Back at 'So-Called Expert Affidavit' From Laurence Tribe Over Bankman-Fried's Detention

The government said the letter from the Harvard professor emeritus was an "amicus brief without a request for leave to do so."
5 minute read

Corporate Counsel

Ransomware Gangs Are Increasingly Going After Smaller, Easier Targets

"Smaller companies have a smaller IT budget and less security expertise. So it makes them easier targets, for sure," said Guy Propper, head of data for Kovrr.
4 minute read

New York Law Journal

The SEC's Materially False Statements on Crypto

On July 13, a federal judge in the Southern District of New York ruled that the analytical approach to cryptocurrency tokens advanced by SEC Chair Gary Gensler and the SEC staff was incorrect. Not only is it not clear that most cryptocurrency tokens are securities, the court concluded that no cryptocurrency tokens are securities.
8 minute read

New York Law Journal

Laurence Tribe Weighs In: Sam Bankman-Fried's Pretrial Detention May Violate First, Fifth, Sixth Amendment Rights

In Bankman-Fried's case, Tribe argued the government "risks distorting multiple legal rights."
4 minute read

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