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New York Law Journal

2nd Circuit Weighs Whether US Securities Law Applies to Binance Transactions

A David Polk lawyer representing the crypto exchange said federal securities laws only apply domestically.
4 minute read

National Law Journal

What's Next for Blockchain Tech and Crypto in 2023?

While the crypto market has grown exponentially in the past decade, the practical benefits of crypto assets remain elusive in most cases, as many projects and companies are still in the experimental phase.
8 minute read

Legaltech News

What Kinds of Issues Are Being Litigated Related to the Metaverse and NFTs?

As the metaverse merges the virtual world and the real world, it will raise many new IP issues, with metaverse-related litigation spanning a wide range of practices.
5 minute read

New York Law Journal

'Abhorrent Services': Crypto Miner Sphere 3D Sues Gryphon Digital Mining for Breach of Contract

Lawyers with Dontzin Nagy & Fleissig represent the plaintiff, Sphere 3D, an Ontario-based crypto miner that promotes itself as net carbon neutral. Sphere accused the defendant, Gryphon Digital Mining, of wide-ranging failures and a lack of internal controls.
3 minute read

Delaware Business Court Insider

CEO: 'Hubris, Incompetence and Greed' Led to FTX's Mismanaged Billions

The report enumerates FTX's internal shortcomings identified in the past five months, from sloppy accounting to leaving hundreds of millions of dollars in easily accessible storage.
5 minute read

Daily Report Online

'We're Not Going Anywhere': Plaintiffs Plan to Appeal $1.5M Partial Win in Alleged $4M Bitcoin Fraud

"I understand that [under normal circumstances banks] should not be liable to non-customers, but this is as extreme a situation as I have ever seen, and I have litigated these types of cases, all of which have been settled [confidentially]," plaintiffs attorney Richard Robbins said. "But Wells Fargo has chosen to take this one to the mat and so be it."
5 minute read

The Legal Intelligencer

Eckert Seamans Sues Crypto Company On Behalf of Investors Over Company's Buy Back Program

This suit was surfaced by Law.com Radar. Read the complaint here.
2 minute read

New York Law Journal

Complaint Claims Signature Bank, Officials 'Downplayed' Crypto Risks

This is at least the second proposed class action filed by Signature stockholders since regulators shut down the bank on March 12.
3 minute read

Daily Business Review

Influencers, NBA Star, and Crypto Giant Binance Sued for Unregistered Securities Sale

"This is a classic case of a registered exchange, which is promoting the sale of an unregistered security," the plaintiffs alleged in the lawsuit.
5 minute read

New York Law Journal

Bankman-Fried Faces 'Uphill Battle' in Challenge to Charges Brought After Extradition, Lawyers Say

New charges weren't part of the reason for his extradition from the Bahamas in December, his lawyer argued.
5 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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