“A VCE’s customer agreement should make clear the parties’ intentions to enter into a custodial relationship, rather than a debtor-creditor relationship,” said the NYDFS.
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Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and
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New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO
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NY AG files lawsuit against Alex Mashinsky, alleging he hid Celsius’ ‘dire financial condition’
Alex Mashinsky’s actions leading up to Celsius declaring bankruptcy allegedly contributed to investor losses by misrepresenting the platform’s financial condition to investors.
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Coinbase agrees to $100M settlement with NY regulator
Regulators reported that the crypto exchange had a backlog of 100,000 alerts about potentially suspicious customer transactions.
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FTX paid $12M retainer to a New York law firm before bankruptcy filing
Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of
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