• 11 crypto firms sued illegal ICOs
    Cryptocurrencies,  People,  Regulation

    Crypto faces ‘The man who took on Wall Street’

    On the day before the statute of limitations expired, the lawyer who extracted $25 billion from banks over the subprime mortgage crisis sued 11 cryptocurrency firms for holding illegal ICOs

    Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.

  • Craig Wright word worthless
    Alt coins,  People

    Judge to Craig Wright: Your word is worthless

    The court ruled against nearly every argument the self-proclaimed Satoshi Nakamoto made about what evidence should be shown to a jury

    “I give no weight to sworn statements of Dr. Wright that advance his interests but that have not been challenged by cross-examination and for which I cannot make a credibility determination. I have previously found that Dr. Wright gave perjured testimony in my presence,” Magistrate Judge Bruce Reinhart wrote in a scathing 14-page order.

  • Craig Wright Tulip Trust III Australian jail
    Bitcoin,  People

    Craig Wright: Turning over documents could land me in jail

    The self-proclaimed bitcoin creator told a U.S. judge that following her orders in the lawsuit seeking half of Satoshi Nakamoto’s $10 billion in bitcoin would violate the law in his native Australia

    Just a week ago Judge Beth Bloom gave Wright until Valentine’s Day to redact and hand over anything privileged in the “Tulip Trust III” document, which may contain the keys to unlocking Satoshi Nakamoto’s 1.1 million bitcoins.