CRYPTOCURRENCY
SEC Withdraws Lawsuit Against Debt Box Amid Misleading Evidence Controversy
The SEC has withdrawn its lawsuit against Debt Box, accusing it of a $50 million fraudulent scheme, paving the way for future charges and a significant shift in crypto firm regulatory landscape.
Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.
Musk Requests Dismissal of $258 Billion Dogecoin Pyramid Scheme Lawsuit
Elon Musk and his legal team have requested the dismissal of a $258 billion lawsuit accusing him of operating a pyramid scheme to promote the cryptocurrency Dogecoin. Musk's lawyers dismissed the lawsuit as a "fanciful work of fiction" in a federal court hearing on March 31.
Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit
A federal judge in Florida is considering dismissing Shaquille O’Neal and Naomi Osaka from the FTX lawsuit due to uncertainty about whether they were served. The judge reprimanded other celebrity defendants for not following proper procedure in requesting a conference extension. A consolidation request by some plaintiffs against FTX was denied, and lawyers for former FTX CEO Sam Bankman-Fried noted the possibility of pushing back the criminal trial scheduled for October 2023.