CryptoLawsuit

Bankrupt crypto exchange FTX is ramping up its efforts to recover assets it purchased through token agreements. This time, the legal spotlight falls on NFT Stars and Delysium.

⚖️ FTX Estate Files Lawsuits Against NFT Stars and Delysium
FTX Trading and FTX Recovery Trust have filed lawsuits in Delaware bankruptcy court, claiming that NFT Stars and Delysium failed to deliver tokens promised in investment deals with Alameda Ventures, the venture arm of Alameda Research.
The lawsuits seek the return of more than:

🔹 83 million SIDUS tokens

🔹 831,000 SENATE tokens

🔹 75 million AGI tokens
Additionally, FTX is demanding compensation for breach of contract and penalties for violating bankruptcy protections.

🏛️ Part of FTX’s Broader Recovery Plan
These lawsuits mark the latest step in FTX’s plan to return assets to creditors. After the exchange collapsed in November 2022 — when it was revealed that company executives misused $8 billion in customer funds — FTX launched a restructuring effort.
Its founder, Sam Bankman-Fried, has since been convicted of fraud and conspiracy and sentenced to 25 years in prison.

📑 Contract Violations and Ignored Negotiations
FTX claims that both companies repeatedly ignored attempts to resolve disputes out of court. Specifically:

🔹 Delysium extended its AGI token vesting schedule to 48 months and refused to release any tokens, citing FTX's bankruptcy.

🔹 NFT Stars initially delivered some tokens but failed to complete further transfers after FTX filed for bankruptcy.

Between June 2023 and September 2024, FTX’s legal team tried to contact:

🔹 NFT Stars 15 times

🔹 Delysium 13 times

— but received no response.

💥 What Is FTX Demanding?
FTX is seeking:

🔹 Immediate return of all undelivered tokens

🔹 Damages for breach of contract

🔹 Penalties for violating the automatic stay under U.S. bankruptcy law

📊 A Closer Look at the Two Cases
Delysium case:

In January 2022, Alameda Ventures paid $1 million for the right to 75 million AGI tokens. Although the tokens launched in April 2023, Delysium reportedly changed the vesting terms and refused to distribute any.
NFT Stars case:

FTX paid $325,000 in November 2021 for rights to 1.35 million SENATE and 135 million SIDUS tokens. While some were delivered initially, NFT Stars allegedly halted further transfers after the FTX bankruptcy.

🔥 Summary
The collapse of FTX still echoes throughout the crypto world. Now, the company is fighting to recover millions of tokens it claims rightfully belong to its creditors.
The lawsuits against NFT Stars and Delysium show that FTX is ready to battle for every asset that can help repair the massive damage caused by one of the biggest collapses in crypto history.

#FTX , #CryptoLawsuit , #CryptoScandal , #CryptoNewss , #BlockchainNews

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In a significant development, Binance and the US Securities and Exchange Commission (SEC) have jointly requested a 60-day pause in their ongoing legal battle. This motion, filed in a US district court, aims to allow both parties to assess the impact of a new crypto task force formed by SEC Acting Chair Mark Uyeda on February 4.
The court filing states, “The work of this task force may impact and facilitate the potential resolution of this case.” This suggests that both Binance and the SEC believe the task force’s findings could influence the lawsuit’s direction.
Background: SEC vs. Binance
The SEC had previously accused Binance, its former CEO Changpeng Zhao (CZ), and related entities—including BAM Trading Services Inc., BAM Management US Holdings Inc., and Binance Holdings Ltd.—of multiple violations. These included:
Trading unregistered securities
Misuse of customer assets
Failure to register as a securities exchange
Binance has denied all allegations and has been actively fighting the SEC’s claims in court.
⚖️ Why the Motion to Pause?
According to the court documents, both sides argue that pausing the case would conserve resources and potentially make further litigation unnecessary.
Key Reasons for the Stay Request:
✅ Resource Efficiency – Ongoing legal discovery (exchange of evidence) might be unnecessary if a resolution is reached.
✅ Court Time Savings – The pause allows the SEC and Binance to reassess rather than rushing into further litigation.
✅ Potential Settlement – The task force’s findings may open doors for a negotiated resolution.
Legal Precedents for Granting a Stay
Courts have broad discretion when deciding whether to pause a case. They typically evaluate:
1️⃣ Potential harm to either party if the stay is denied.
2️⃣ Whether the requesting party has a legitimate reason for the pause.
3️⃣ If a stay would streamline judicial proceedings and reduce unnecessary litigation.
In this case, Binance and the SEC argue that no party would be harmed, and the stay could lead to a more efficient resolution.
🚨 What Happens Next?
If the 60-day pause is granted, several key aspects of the case could be delayed, including:
The court’s review of Binance’s motion to dismiss the SEC’s lawsuit.
The discovery process, where Binance would have to submit internal documents, emails, and sensitive materials.
Potential enforcement actions that the SEC could pursue against Binance.
For Binance, this pause offers a crucial opportunity to regroup, reduce legal exposure, and explore settlement possibilities.

For the SEC, it allows time to reassess its case, especially in light of potential regulatory shifts with the new crypto task force.
📢 Final Thoughts: What This Means for Crypto
The Binance vs. SEC lawsuit is one of the most high-profile crypto legal battles in the US. If this pause leads to a settlement, it could set a precedent for future SEC actions against other exchanges.
On the other hand, if litigation resumes after 60 days, Binance could face an intensified legal battle with new regulatory challenges.
💬 What do you think? Will Binance and the SEC reach a deal, or is this just a temporary delay?
📢 Follow @Coinaute for more updates
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#Binance #SEC #CryptoRegulation #CryptoLawsuit #bnb

By Coinroop.com Media
1. Iceland 🇮🇸

📌 Tax Rate: 40% - 46%

📌 Details: Crypto gains are taxed at 40% for income below $7,000 and 46% above this threshold.

2. Finland 🇫🇮

📌 Tax Rate: 30% - 34%

📌 Details: 30% tax on gains up to €30,000, and 34% on amounts above.

3. France 🇫🇷

📌 Tax Rate: 30%

📌 Details: A fixed 30% tax rate applies to cryptocurrency capital gains.

4. Ireland 🇮🇪

📌 Tax Rate: 33%

📌 Details: Crypto profits are taxed at a flat 33%.

5. Luxembourg 🇱🇺

📌 Tax Rate: Up to 42%

📌 Details: Progressive taxation applies, reaching 42% for high-income earners.

6. United States 🇺🇸

📌 Tax Rate: 0% - 20%

📌 Details: Capital gains tax is 15% for incomes between $39,376 - $434,550 and 20% for higher amounts.

7. Italy 🇮🇹

📌 Tax Rate: 26%

📌 Details: A flat 26% tax applies to crypto capital gains.

8. Norway 🇳🇴

📌 Tax Rate: 22%

📌 Details: Crypto gains are taxed at a standard 22%.

9. Netherlands 🇳🇱

📌 Tax Rate: 31%

📌 Details: Taxation is based on the total value of assets, not just gains.

10. Portugal 🇵🇹

📌 Tax Rate: 28%

📌 Details: A 28% flat tax applies, though assets held over a year may be exempt.

11. Czech Republic 🇨🇿

📌 Tax Rate: 15% - 23%

📌 Details: 15% tax on gains up to €80,000; 23% for amounts beyond.

12. Hungary 🇭🇺

📌 Tax Rate: 15%

📌 Details: Crypto gains face a flat 15% tax.

13. Greece 🇬🇷

📌 Tax Rate: 15%

📌 Details: A new tax regulation enforces a 15% capital gains tax.

14. Latvia 🇱🇻

📌 Tax Rate: 20%

📌 Details: Flat tax rate on crypto profits.

15. Lithuania 🇱🇹

📌 Tax Rate: 20%

📌 Details: Gains under €2,500 are tax-free; anything above is taxed at 20%.

16. Poland 🇵🇱

📌 Tax Rate: 19%

📌 Details: Crypto gains are subject to a 19% tax.

17. Liechtenstein 🇱🇮

📌 Tax Rate: 1% - 8%

📌 Details: A progressive tax system applies, with exemptions below CHF 15,000.

18. Germany 🇩🇪

📌 Tax Rate: Up to 45%

📌 Details: Tax rates range from 14% to 45%, depending on income level.

19. Japan 🇯🇵

📌 Tax Rate: 55%

📌 Details: Crypto gains are treated as miscellaneous income and taxed at a progressive rate up to 55%.

20. Belgium 🇧🇪

📌 Tax Rate: 33%

📌 Details: Crypto gains are considered speculative income and taxed at 33%.

Hashtags:

#CryptoTax #CryptoRegulation #BitcoinTax #CryptoInvesting #CryptoLawsuit

#xrp #CryptoLawsuit

Just when the crypto community was beginning to breathe a sigh of relief following the closure of several high-profile SEC cases, a new legal challenge has emerged—this time from an unexpected source.

The Oregon Attorney General’s Office has filed a lawsuit against Coinbase, alleging that the exchange facilitated the sale of unregistered securities. What makes this case particularly significant is its scope: it names 31 altcoins, including well-known tokens like $XRP , Cardano (ADA), Solana ($SOL ), Chainlink ($LINK ), and Uniswap (UNI).

🔍 A New Legal Front
The crypto world has seen its fair share of regulatory scrutiny, but this latest lawsuit expands the battlefield beyond the SEC. According to legal filings shared by Paradigm’s Justin Slaughter and highlighted by Fox Business reporter Eleanor Terrett, the Oregon lawsuit goes even further than previous SEC actions—labeling more tokens as securities than the SEC had previously done in its now-closed case.

Among the tokens listed are assets the SEC had already scrutinized—such as MATIC, ADA, and SOL—but also XRP, which wasn’t part of the original SEC list due to its absence from Coinbase at the time. Notably, Coinbase relisted XRP in July 2023, after a landmark federal ruling stated it was not a security per se.

🧑‍⚖️ Industry-Wide Impact
Coinbase’s Chief Legal Officer, Paul Grewal, responded with strong criticism, calling out the Oregon Attorney General for filing a class-action lawsuit on behalf of over 500,000 users—without their direct consent. Grewal warned that such legal overreach could have chilling effects across the entire U.S. crypto industry.

“This isn’t just about Coinbase—it’s about the future of innovation and how we define digital ownership in this country,” said Grewal.

⚠️ What This Means for Crypto
This lawsuit signals a broader trend: even as the SEC appears to retreat, state-level authorities may be gearing up to fill the regulatory void. The inclusion of XRP, despite a recent court victory, suggests that no token is fully safe from renewed legal challenges.
The big takeaway? Crypto regulation in the U.S. is still very much a moving target. Investors, developers, and exchanges alike must stay vigilant as legal interpretations continue to evolve—sometimes rapidly and unexpectedly.

✍️ Final Thoughts
The Oregon lawsuit is more than just a legal dispute—it's a stark reminder that regulatory uncertainty is still one of crypto's biggest hurdles. As digital assets become more mainstream, the tug-of-war between innovation and regulation will only intensify.