Stark expressed surprise that the authorities did not include Bankman-Fried’s parents as defendants in their legal actions. Sam Bankman-Fried Parents Could Be Named ‘Relief Defendants’ John Reed Stark suggested Bankman-Fried parents as individuals who might have benefited from the alleged wrongdoings of their son. ...Read More

Bankrupt crypto exchange FTX has sued former employees of Salameda, a Hong Kong-incorporated entity affiliated with FTX that it says was controlled by the firm’s ex-CEO, Sam Bankman-Fried, to recover about $157.3 million, according to a court filing late Thursday. The filing alleges Michael Burgess, Matthew ...Read More

Coinbase Global (COIN) said late Wednesday that the Securities and Exchange Commission “lacks authority” to sue the largest US crypto exchange, the latest in its ongoing legal war with the powerful Washington regulator. The SEC alleged in a lawsuit filed earlier this month that ...Read More

The case against Tom Brady, Shaquille O’Neal, and other celebrities who promoted FTX has gained the cooperation of the failed crypto exchange’s ex-compliance chief Dan Friedberg, according to an amended complaint filed late Thursday. Friedberg provided evidence showing that important FTX promotional activity took place in ...Read More

JPMorgan is facing a lawsuit from a couple who are accusing the bank of improperly drilling open their safe deposit boxes and selling off millions of dollars’ worth of jewels and other personal property that was inside. Jorge and Stella Araneta, who live in ...Read More

A Florida judge has declared that it is legally permissible for an individual to serve a legal notice to another party via non-fungible tokens (NFTs) in a landmark case in a federal court. It is the first case in the United States where a ...Read More

JPMorgan Chase sued former executive James Edward “Jes” Staley, who was largely responsible for JPMorgan’s 15-year financial relationship with disgraced financier Jeffrey Epstein. The US Virgin Islands government filed a lawsuit against JPMorgan in December, alleging the bank “had a more than close-up view ...Read More