Gemini Settlement Stands Despite CFTC Reversal
U.S. District Judge Alvin Hellerstein rejects the CFTC and @Gemini’s request to erase a $5M settlement, maintaining the original injunction despite the CFTC’s reversal. Legal
Legal
NBA Betting Scandal: Three Plead Guilty
Three defendants in the Malik Beasley NBA betting case plan to plead guilty, while Beasley and Ed Davis maintain their innocence. Trial set for May 2027. #Update #Legal
HEX Founder Richard Heart Arrested in Istanbul
Richard Heart, founder of @HEXcrypto, was reportedly arrested in Istanbul with $4M, luxury watches, and firearms. This follows a Finnish investigation into tax and assault allegations. #Breaking #Legal
Bitcoin Victims Face $5B Legal Block
Britain’s High Court rules Chinese law governs claims to 61,000 BTC seized from fraudster Zhimin Qian, complicating recovery for victims. #Breaking #Legal $BTC
Bitcoin Surges Amid New SEC Ruling
CFTC proposes new rules for leveraged crypto trading; ESMA targets noncompliant stablecoins; EU advances crypto supervision; NY settles with Celsius co-founder. #Update #Regulation
Stake Resumes in Brazil After Ban
Stake Brazil’s site remains operational until Oct. 25 despite a betting ban; the Attorney General plans to appeal. Supreme Court ruling pending. #Update #Legal
Crypto.com Case Dismissed Plaintiffs Retry
Judge Edward M. Chen dismissed a privacy class action against Crypto.com operator Foris Dax for lack of standing, allowing plaintiffs 30 days to amend their complaint. #Update #Legal
Ethereum Powers Hyperliquid Perpetual DEX Launch
Hyperliquid surpasses $1 billion in protocol revenue, leveraging HIP-3 for market creation and transparency, rivaling major exchanges like Coinbase. #Update #Crypto
Supreme Court Push: NFL Joins 39 States
Ohio, 38 states, and D.C. back New Jersey’s Supreme Court petition against Kalshi; NFL criticizes CFTC for ignoring age limit and bet manipulation concerns. #Update #Legal
Bitcoin Hacker Convicted Spent Millions on Cards
Jonathan Spalletta convicted for $53.3M Uranium Finance hack; $31M in crypto seized, collectibles purchased with stolen funds. Sentencing pending. #Breaking #Legal
Crypto Godfather Sentenced in $37M Fraud
Adam Iza sentenced to 78 months for $37M Meta fraud; five ex-LA deputies convicted. Meta refunded ad victims. #Breaking #Legal @Meta
Tether Sued Over $2.76M USDT Freeze
Conduit Technology sues @Tether_to over a $2.76M USDT freeze, claiming unauthorized seizure of funds without police request; seeks unfreeze and damages. #Breaking #Legal
Polymarket Challenges Dutch Ban in Court
Polymarket challenges Dutch ban, arguing its event contracts are derivatives, not bets. Netherlands Gambling Authority seeks €420K penalty for late user blocking. #Breaking #Legal
Brazil Declares Betting Laws Unconstitutional Shutdown
Brazil’s government seeks to void 2018 and 2023 betting laws; licensed sites go dark Oct. 6 amid court review. Crypto payments remain unaffected. #Update #Legal