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Payments

Cinkciarz.pl and Conotoxia Plan to Sue 10 Banks for a Total of 6.5 Billion Zlotys

  • Citibank and PKO BP have just joined the growing list. They are allegedly accused of collusion.
  • Moreover, the Polish fintech giant claims that the local market watchdog "violates the law" and its regulations "destroy" companies.
Tuesday, 15/10/2024 | 07:22 GMT by Damian Chmiel
Payments

Cinkciarz.pl Files 1.5 Billion Suit against Polish Banks amid License Row

  • The Polish fintech giant is suing two major banks for alleged obstruction of business, seeking damages totaling PLN 1.5B.
  • This legal action follows the recent suspension of its payment license by KNF.
Monday, 07/10/2024 | 08:56 GMT by Damian Chmiel
CryptoCurrency

Lawsuit Filed as Investors Seek to Reclaim Lost Assets in JPEX Scandal

  • Two individuals sued crypto exchange JPEX to recover over HK$1.85 million.
  • The JPEX case led to 73 arrests, prompting calls for expedited investigations.
Thursday, 06/06/2024 | 08:28 GMT by Tareq Sikder
CryptoCurrency

Binance Seeks to Throw Out Major Part of $12.8 Billion London Lawsuit

  • A London lawsuit accuses Binance, Kraken, and others of anti-competitive behaviour in delisting BSV.
  • The suit, with 200,000 BSV owners, alleges delisting hindered BSV from major status, seeking damages up to 9 billion pounds.
Wednesday, 05/06/2024 | 16:51 GMT by Tareq Sikder
CryptoCurrency

Coinbase and SEC Lock Horns in Landmark Federal Court Hearing

  • The crypto community is watching the case for clarity on the SEC's digital asset jurisdiction.
  • In June, the SEC sued Coinbase, alleging the exchange traded 13 unregistered securities.
Wednesday, 17/01/2024 | 12:53 GMT by Tareq Sikder
Trending

Revolut Accused of Playing Fast and Loose with Customers' Bio Data

  • And it's all about selfies.
  • Revolut is accused of impropriety regarding customer data.
  • Charges could reach $5,000 per case over the past 5 years.
Monday, 15/01/2024 | 11:44 GMT by Louis Parks
Institutional FX

BTIG Files $200 Million Suit against StoneX for Alleged Code Theft

  • A tech heist may have handed StoneX illicit competitive advantages.
  • The company is said to have taken over six BTIG programmers.
Tuesday, 14/11/2023 | 09:22 GMT by Damian Chmiel
Institutional FX

Scapegoat or Guilty? Connolly's $150 Million Battle against Deutsche Bank

  • Connolly accuses the bank of malicious prosecution, making him a scapegoat.
  • His case could establish an important precedent in the world of big finance.
Wednesday, 01/11/2023 | 09:11 GMT by Damian Chmiel
Institutional FX

Neil Phillips FX Case Puts Morgan Stanley in the Limelight

  • The Co-Founder of Glen Point Capital faces trial for allegedly defrauding Morgan Stanley in FX trades.
  • The case highlights the bank as the purported victim, raising questions about its conduct in the FX market.
Monday, 16/10/2023 | 13:21 GMT by Damian Chmiel
CryptoCurrency

Binance Irked by SEC’s Move to Query CEO of US Affiliate

  • BAM's CEO and CFO do not have 'unique firsthand knowledge' about customer assets.
  • In other news, the SEC delayed a decision on ARK Invest's spot BTC application.
Tuesday, 15/08/2023 | 14:19 GMT by Solomon Oladipupo
Retail FX

Investors Sue Owners of Defunct Broker FxWinning for $28M, Allege Fraud

  • One of the firm's websites, fxwinning.net, ceased operation in late June.
  • FxWinning lists UBS, Citi and Barclays as some of its liquidity suppliers.
Wednesday, 02/08/2023 | 17:08 GMT by Solomon Oladipupo
Exchanges

SEC ‘Weaponized’ XRP Quarterly Reports in Lawsuit, Ripple Says

  • The CEO, Brad Garlinghouse said Ripple might consider making changes to the reports.
  • Ripple addressed certain 'misconceptions' about the recent ruling on the case with the SEC.
Wednesday, 02/08/2023 | 13:50 GMT by Solomon Oladipupo
Institutional FX

London Court Rebirths $3.46B Forex Scandal. Second Chance for Justice

  • A London court has reanimated a lawsuit against top banks over alleged FX manipulation.
  • The topic of forex 'cartels' operating since 2003 returns again.
Tuesday, 25/07/2023 | 10:54 GMT by Damian Chmiel
CryptoCurrency

Celsius’ Founder Alex Mashinsky Pleads Not Guilty, Bail Set at $40M

  • Mashinsky is facing fraud charges from the DOJ, SEC, CFTC and FTC.
  • Celsius filed for bankruptcy in July 2022, citing market volatility.
Friday, 14/07/2023 | 14:49 GMT by Solomon Oladipupo
Regulation

SEC: Coinbase before Lawsuit ‘Understood’ Securities Law Could Apply to Its Business

  • The SEC said that Coinbase used the Howey Test to decide which crypto to list.
  • The watchdog picked holes in Coinbase's reference to the 'major questions doctrine'.
Saturday, 08/07/2023 | 14:41 GMT by Solomon Oladipupo
CryptoCurrency

Kraken Co-Founder Jesse Powell Was Investigated by FBI for Allegedly Hacking Non-Profit

  • Powell allegedly cyberstalked the Verge Centre for the Arts.
  • The case is not related to Powell's activity in the crypto industry, his lawyer said.
Friday, 07/07/2023 | 14:27 GMT by Solomon Oladipupo
FinTech

Currency One Challenges Cinkciarz.pl's Court Victory with Planned Appeal

  • Two major Polish online currency exchanges have been engaged in a legal battle for ten years.
  • The latest decision supported Cinkciarz.pl, but Currency One disagrees and will appeal.
Wednesday, 31/05/2023 | 09:40 GMT by Damian Chmiel
CryptoCurrency

NanoLabs Files $5 Million Lawsuit against Coinbase over Nano Trademark

  • The trademark infringement lawsuit concerns Coinbase's Nano BTC and ETH futures.
  • NanoLabs claims to have suffered brand and moral damage.
Monday, 27/02/2023 | 09:07 GMT by Damian Chmiel
Retail FX

US Judge Dismisses Robinhood's Shareholder Lawsuit over 2021 IPO

  • Robinhood was alleged to have provided false information.
  • However, the US judge rejected the plaintiffs' accusations.
Monday, 13/02/2023 | 10:44 GMT by Damian Chmiel
News

Custodia Sues Federal Reserve over Delay in Master Account Approval

  • The crypto bank’s application has been pending for 19 months.
  • It has accused the Fed of a 'standardless' process.
Wednesday, 08/06/2022 | 08:34 GMT by Arnab Shome
News

Ripple Plans to Explore IPO Possibilities

  • According to the CEO, the company will explore all IPO options after the SEC lawsuit ends.
  • Brad Garlinghouse also highlighted Ripple’s recent international growth.
Thursday, 26/05/2022 | 08:53 GMT by Bilal Jafar
Institutional FX

Credit Suisse Expects $500M Hit from a Bermuda Lawsuit

  • The bank reportedly lost a case against the former Georgian billionaire prime minister.
  • A former employee of the bank stole from several private banking clients.
Thursday, 24/03/2022 | 09:11 GMT by Arnab Shome
CryptoCurrency

Lawsuit against Coinbase Claims 79 Tokens Listed Are ‘Securities’

  • Three individuals filed the class action suit against the US-listed crypto exchange.
  • The lawsuit is a 255-page document.
Thursday, 17/03/2022 | 19:43 GMT by Felipe Erazo
News

Lawsuit Alleges $250 Million Israeli ICOs to Be Scams

  • The plaintiffs are now seeking $16.1 million in damages for their investment in these ICOs.
Monday, 31/05/2021 | 12:56 GMT by Arnab Shome
News

US Court Denies SEC Access to Ripple’s Legal Communications

  • The judge was convinced that those communications are protected under the attorney-client privilege.
Monday, 31/05/2021 | 10:29 GMT by Arnab Shome
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