LEGAL
SEC Agrees to Delay Terraform Labs Trial, Awaiting Do Kwon's Extradition
The SEC has postponed the trial of Terraform Labs and Do Kwon, pending Kwon's extradition to the US, for a $40 billion cryptocurrency fraud.
LUNA Do Kwon's Trial Postponement Request Amid Extradition Delays
Terraform Labs co-founder Do Kwon requests postponement of his U.S. trial, scheduled for January 29th, to mid-March due to extradition challenges in Montenegro. The SEC filed fraud charges against Kwon in February 2023, related to the collapse of TerraUSD and LUNA tokens.
FTX's Bankruptcy Plan Leaves Customers Struggling Amid Crypto Market Revival
The contrast between FTX's ongoing bankruptcy proceedings and the broader crypto market's revival underscores the volatility and risks in the cryptocurrency industry.
US Officials Warn of AI's Role in Cyber Crimes
U.S. authorities are actively addressing the challenges posed by AI in cybersecurity and the legal system, balancing innovation with the need for safety, security, and ethical considerations.
Celsius Crypto Lender's Bankruptcy: Large Withdrawals Clawbacks
Celsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy.
Lesley O'Neill was Appointed as Binance.US Chief Compliance Officer
Lesley O’Neill's appointment as Binance.US Chief Compliance Officer marks a strategic response to heightened SEC scrutiny, emphasizing the crypto industry's shift towards compliance and regulatory adherence.
Anthropic's Updated Terms of Service: Enhanced Copyright Protection for AI Outputs
Anthropic revises commercial terms of service to provide enhanced copyright protection for Claude API users, addressing ongoing legal challenges in the AI industry.
Robin AI and Harvey's Funding Surge Signals Legal AI Boom
Robin AI and Harvey AI have raised $26M and $80M respectively, indicating a strong growth phase in the legal AI sector.
Here's Why Harvey's $80M Funding is a Game Changer in Legal AI
Harvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.
China Identifies Cryptocurrency as a New form for Bribery and Corruption
The Chinese Association for the Study of Integrity and Legal Systems warns of new corruption forms in the digital era, recommending strengthened legislation, expanded bribery definitions, and improved digital enforcement infrastructure.