Browsing: Legal
Tether says it helped freeze nearly $550 million in Iran-linked USDT during 2026, while Democratic investigators on a Senate subcommittee allege that delays in blacklisting some identified wallets let tens of millions of dollars keep moving. A preliminary report released Sept. 28 by Democratic minority staff of the Senate Permanent Subcommittee on Investigations analyzed 846…
Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial
By Thi Nien
Evercrest Technologies, the company behind KelpDAO, has sued LayerZero Labs, its Canadian affiliate, and CEO Bryan Pellegrino in British Columbia over April’s $292 million rsETH exploit. The claim alleges negligent misrepresentation, negligence and defamation, seeks aggravated and punitive damages, and says Kelp users have withdrawn more than $650 million since the attack. Pellegrino has called…
The Sixth Circuit ruled Sept. 25 that Ohio and Tennessee can apply their gambling laws to Kalshi’s sports contracts. The court rejected Kalshi’s argument that complying state by state would conflict with its duties as a federally regulated exchange, and it pointed to geofencing as a workable way to satisfy both. That second appellate win…
You don’t have to own Bitcoin to make money from people getting excited about it. On X, just posting about it can be a business in itself, and the company now wants ÂŁ207,384 back from people it alleges took that business a bit too far. In its Sept. 17 lawsuit, X accuses Vivek Kumar Sen,…
New York sues Polymarket, seeks triple gains and $100,000 penalties over prediction markets
By Thi Nien
New York has sued Polymarket, alleging its US prediction market is an unlicensed gambling business operating across the state. On Sept. 24, Attorney General Letitia James asked a New York state court to stop QCX LLC, which operates as Polymarket US, from offering event contracts without a state gaming license and to order restitution, disgorgement,…
Brooklyn prosecutors say about 100 U.S. users were told their funds were at risk and steered into wallets Spektor could access. The post Man sentenced to 12 years for $16M Coinbase customer support scam appeared first on CryptoSlate.
According to Public Citizen, the crypto sector contributed $206 million to hybrid and super PACs through the second quarter of 2026, making it the top disclosed corporate donor for the midterms.