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The Latest Breaking News on Crypto

In 3M military earplugs case, attention now moves to mediation in bankruptcy court

The federal judge in Florida presiding over a mountain of earplug lawsuits against 3M has terminated efforts to mediate a settlement.

Tribune News Service

FTX judge backs firm’s lawyers, rejects last minute ‘rumors’

The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case, concluding that last-minute attacks on the lawyers were mere “rumors.”

Tribune News Service

The Weekly Wrap for Saturday, 21 January 2023

It's time to sit down and talk about Andrew Tate. It may be confusing and embarrassing but it is for your own good.

inkl Originals

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Bankman-Fried's lawyers say car hit barricade outside home

A car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried’s parents

The Independent UK

Sam Bankman-Fried claims car threatening him crashed into parents’ home

FTX founder under house arrest after being charged with fraud and conspiracy over crypto company’s losses

The Independent UK

Sam Bankman-Fried’s Stanford professor father is up to ‘his eyeballs’ in son’s legal drama, report says

SAN JOSE, Calif. — More news continues to unfold in the saga of Sam Bankman-Fried and his Stanford Law professor parents, as they together endure the misery of his house arrest, surrounded by 24-hour security, in the family’s home near the Stanford campus.

Tribune News Service

Tracers in the Dark by Andy Greenberg

Episode 438 of the Cyberlaw Podcast

Reason

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NSW Coalition split on cashless gaming as independent warns against regional exemptions

Premier Dominic Perrottet rules out different rules for clubs and pubs in the bush, in contrast to deputy premier Paul Toole

The Guardian - AU

Bank of England Governor in cryptocurrency warning

Andrew Bailey said people holding unbacked crypto could lose all their money while the BoE remains committed to cash

Birmingham Post

Crypto lender Genesis files for Chapter 11 bankruptcy in US

Firm is latest casualty in sector as cryptocurrencies contagion spreads after FTX collapse

The Guardian - UK

Commentary: Eliminating noncompete contracts will empower employees and entrepreneurship

The Federal Trade Commission has proposed an imminent ban on noncompete contracts. Prohibiting these contracts is an important step toward assuring we still have access to the American Dream. It will help businesses innovate in our tight labor market, ensure workers are not stuck in dead-end jobs and make the…

Chicago Tribune

Crypto woes intensify after lender Genesis files for bankruptcy

The firm formed part of the empire of billionaire Barry Silbert

Evening Standard

Crypto firm owes creditors more than $78m

Administrators appointed for a Gold Coast cryptocurrency platform do not know where the company's founder is, or exactly how large its debts are.

AAP

Crypto giant Genesis files for bankruptcy, after FTX collapse

Cryptocurrency lender’s bankruptcy is the latest blow to the sector following the arrest of Sam Bankman-Fried.

Al Jazeera

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AAP

Perrottet rejects regional pokie exception

Premier Dominic Perrottet has dismissed exempting regional clubs from its cashless gaming card rollout, as Nationals MPs call for sensible reform in the bush.

Al Jazeera

New FTX boss says bankrupt crypto exchange could restart: Report

CEO John Ray has set up a task force to explore restarting FTX.com, its main international exchange, WSJ reports.

Birmingham Post

Dragons' Den star Steven Bartlett launches $100m fund to find Europe's next $1bn unicorn

The fund will be targeting individual investments between $1m-$10m in companies in six categories

Insider UK

Three ex-lawyers among five men jailed for money laundering

The case was triggered by a Law Society investigation into the Paisley legal firm

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The Guardian - AU

Regional exemptions on the cards for NSW government’s cashless gaming scheme

Transition period that excludes non-metropolitan pokies being considered after concerns raised by Nationals

The Independent UK

Cryptocurrency news - live: Genesis to file for bankruptcy amid ‘major’ US crypto move

Department of Justice officials say they will reveal the news at 12pm in Washington DC

Financial Times

The clowns of cryptoland haven’t given up

Making money out of failure is morally bankrupt

The Times of India

Crypto exchange Bitzlato’s founder arrested in $700 million laundering scheme

A Russian was charged with money laundering through a cryptocurrency exchange that allegedly masked the proceeds of illegal gambling and drug deals valued at more than $700 million, as the US goes after criminal suspects in the digital space.

The Canberra Times

Harrison man arrested for alleged scam that saw woman $70k poorer

Police believe the incident could be part of global crime syndicate.

Al Jazeera

US arrests Russian crypto boss who ‘catered to known crooks’

Justice dept says Anatoly Legkodymov operated the Hong Kong-registered Bitzlato exchange as a money laundering haven.

Los Angeles Times

Have celebs learned their lesson from the FTX debacle?

Strolling out of a football stadium, Tom Brady makes his pitch for the crypto trading platform FTX.

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