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Canadian NBA basketball star Shai Gilgeous-Alexander has won a lawsuit reversing his purchase of an $8.4 million mansion after threatening strangers kept visiting the property looking for its previous tenant: Ontario’s self-proclaimed ‘crypto king.’ Gilgeous-Alexander filed the lawsuit in X this year. He claimed the estate agents had misrepresented the property as “private and secure” and failed to disclose a “safety risk.” The pro-athlete claimed strangers threatened to burn down the property, attempted to break in , and bothered owners in pursuit of ‘crypto king’ Aiden Pleterski. Gilgeous-Alexander won the lawsuit on November 27. According to the judge, “[The seller] suppressed the truth about the Burlington property, which in this case amounted to a fraudulent misrepresentation.”  ‘Crypto King’ still gambling and jet-setting despite $40M bankruptcy Read more: Ontario ‘crypto king’ allegedly held ransom by investor who lost $74...

Cryptocurrency stablecoin company Tether shared on X that the plaintiff had ended the appeal in the multi-year courtroom battle. Tether initially denied allegations of misconduct via a written statement one day before the lawsuit was filed in 2019. A conclusion of legal proceedings In a blog post on the Tether website, the stablecoin issuer shares that Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York has finalized the dismissal of Shawn Dolifka’s class action complaint against Tether and Bitfinex after denying his motion to amend.  You might also like: Tether to become a Bitcoin miner with a $500m investment in 2024 In light of this, Dolifka has chosen not to pursue an appeal. The court’s judgment now stands in favor of Tether and Bitfinex, concluding the legal proceedings. Judge Finalizes Dismissal of Meritless Lawsuit Against Tether and Bitfinex, Plaintiff Drops Appeal Read more ️https://t.co/fxObcUrp3Q ...

Senior Coinbase executives, including CEO Brian Armstrong, have been selling their shares amid the stock’s growth over the past month. Despite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently. Coinbase stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm for allegedly offering unregistered securities. According to data from TradingView, Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly 50%. Coinbase 30-day price chart. Source: TradingView Amid significant growth, some major Coinbase stockholders have continued selling some of their shares . On July 6, a number of senior Coinbase executives, including CEO Brian Armstrong, sold a combined total of 88,058 shares worth about $6.9 million. Accor...

Over 40 people and companies are named as defendants in the lawsuit, including Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber, Madonna. Yuga Labs, creators of Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay are facing a class-action lawsuit for allegedly using celebrities to misleadingly promote and sell nonfungible tokens (NFTs).  Over 40 people and companies are named as defendants in the lawsuit , including Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber, Madonna, Serena Williams, Post Malone, and Diplo. The class-action was filed on Dec. 8 by John T. Jasnoch of Scott+Scott Attorneys at Law LLP in the Central District of California and claims the crypto companies used its Hollywood network to promote the digital assets without complying with disclosure requirements. The document states: "This case epitomizes these concerns as it involves a vast scheme between a blockchain start-up company, Yuga Labs, Inc. (“Yuga”), a highly connected Hollywood talent agent (...