ChainCatcher News: Special Counsel Jack Smith of the U.S. Department of Justice submitted materials to the U.S. Federal Court on the 25th, abandoning the litigation process for two criminal cases against former President Trump, who is seeking to return to the White House, regarding allegations of overturning the results of the 2020 U.S. presidential election and mishandling government confidential documents.

ChainCatcher message, according to the disclosures in the FTX lawsuit documents, Meerun is a complex and well-organized criminal who has defrauded FTX by manipulating tokens such as BTMX since 2021, resulting in losses exceeding $1 billion. His methods include manipulating token prices to increase collateral value, exploiting vulnerabilities in the FTX margin system to obtain funds, and evading monitoring through false KYC materials and multiple associated accounts.The FTX team attempted to freeze Meerun's account but failed to timely stop his withdrawals, resulting in his successful cashing out of $450 million. Additionally, Meerun is also suspected of manipulating other tokens such as MOB, BAO, and SXP, profiting significantly from the characteristics of insufficient market liquidity.The documents further indicate that Meerun has close ties to organized crime networks in Poland, Romania, and Ukraine, which are involved in human trafficking and terrorism financing.

ChainCatcher news, the on-chain trading terminal DEXX has released an update regarding the recent security incident: "DEXX has officially filed a lawsuit, and the SlowMist team is actively assisting law enforcement with the follow-up investigation. At the same time, DEXX is actively discussing a compensation plan. Regarding compensation, the platform makes the following solemn statement:If all assets can be recovered, DEXX will immediately provide full compensation to ensure that users' interests are not affected.If only part of the assets can be recovered, the platform will still fulfill its compensation responsibilities; the specific compensation plan will be determined based on the amount recovered. DEXX is currently mobilizing all resources and efforts to recover the stolen assets and resolve the issue as soon as possible."Previous news, according to SlowMist statistics, the DEXX incident has confirmed over 900 victims, with total losses estimated at 21 million USD.

ChainCatcher news, according to DLNews, former NBA star Shaquille O'Neal has signed an $11 million settlement agreement regarding the Astral NFT and Galaxy token lawsuit, covering the plaintiffs' attorney fees as well as cash payments to NFT and token purchasers. The settlement agreement is currently pending approval from the judge.Previously, O'Neal was sued for promoting cryptocurrency, with a class action filed in federal court in Florida accusing O'Neal of promoting the unregistered Astral token in violation of securities laws.The lawsuit claims that O'Neal repeatedly promoted the Astrals NFT on his various social media accounts, but the value of the related tokens and NFTs subsequently experienced a "sharp decline."

ChainCatcher news, according to Bloomberg, the lawsuit against Musk for manipulating DOGE has ended due to investors withdrawing their appeals.

ChainCatcher news, according to BusinessInsider, Elon Musk has amended the lawsuit against OpenAI to include Microsoft as a defendant, claiming that their partnership is a "de facto merger," and accusing them of anti-competitive behavior. The lawsuit also names Microsoft board member and former OpenAI board member Reid Hoffman as a defendant.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, 18 states in the U.S. have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "severe government overreach" through enforcement actions against the $3 trillion industry, infringing upon the states' authority to regulate their own economies.The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and encourage its growth.According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrencies. In a lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of exceeding its authority.Despite the SEC and its chairman previously taking actions and making public statements, the agency has launched a regulatory offensive against crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under SEC regulation.In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.

ChainCatcher news, according to Forbes, several mainstream media groups in France, including "Les Echos" and "Le Parisien" owned by Europe's richest man Bernard Arnault, announced on November 13, 2024, that they are filing a joint lawsuit against the X platform. The media groups accuse the X platform of violating the EU "neighboring rights" directive by using their news content without payment.Previously, AFP also filed a similar lawsuit against X, with a court hearing scheduled for May 15, 2025. Notably, this will be the first legal confrontation between Arnault, worth $164 billion, and the current world's richest man, Elon Musk, worth $319 billion.The Paris court had requested X on May 24 to provide commercial data within two months to assess its revenue generated from media content, but X has yet to comply with this decision.

According to ChainCatcher news, as reported by Forbes, the bankruptcy estate of FTX has initiated 23 new lawsuits against institutions such as Binance, Anthony Scaramucci, SkyBridge Capital, Crypto.com, and even the lobbying group Fwd.us supported by Mark Zuckerberg, in an attempt to recover funds for creditors.These lawsuits allege that the funds transferred to these organizations were part of a larger "influence-buying campaign" orchestrated by FTX founder Sam Bankman-Fried. According to the legal documents, Bankman-Fried funneled money into political and traditional financial sectors through sponsorships, investments, and donations to enhance his reputation while concealing FTX's increasingly severe financial instability.The lawsuits claim that these expenditures provided "little to no benefit" to FTX or its creditors, primarily serving to maintain the illusion of financial stability as the company struggled with a significant gap in its balance sheet.

ChainCatcher news, Stronghold Digital has agreed to pay $4.75 million and 25 bitcoins to settle a class action lawsuit accusing it of exaggerating its bitcoin mining capabilities during its 2021 IPO. According to court documents, the settlement agreement was reached after a year of mediation and will be paid in installments over the next 24 months in bitcoin.The lawsuit was filed in April 2022 by plaintiffs in the Southern District of New York. Under the proposed settlement agreement, Stronghold and the underwriters (the group of investment banks responsible for Stronghold's 2021 IPO) agreed to pay compensation in cash and bitcoin after a year of mediation. The value of the bitcoin portion is based on the current bitcoin price (around $90,000), amounting to approximately $2.2 million.

ChainCatcher news, FTX creditor Sunil stated on the X platform that FTX has filed a lawsuit to recover 27 million dollars from the Huobi and Poloniex accounts held by Alameda.

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has requested the Northern District of California to dismiss three defenses raised by Kraken against allegations of illegal activities on its cryptocurrency trading platform. In a motion submitted on November 5, the regulator rejected Kraken's claims regarding the ambiguity of securities laws and how they apply to virtual assets, as well as the assertion that the exchange did not receive fair notice indicating that its actions were considered violations of securities laws.It also asked the court to dismiss Kraken's "major questions doctrine" defense. This doctrine is a legal principle established by the Supreme Court, which states that agencies cannot expand their regulatory authority without explicit congressional authorization.In November 2023, the SEC sued Kraken for operating as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC stated that it believes Kraken has illegally earned hundreds of millions of dollars by facilitating the buying and selling of crypto asset securities since September 2018. Kraken filed a motion to dismiss the case, which was denied in August.

ChainCatcher message, the Aleo Chinese community has sent an open letter to a16z regarding the Aleo project, inquiring about issues such as whether "a16z has filed a lawsuit against the original Aleo team in a U.S. court" is true:Curious about a16z's original intention to invest in Aleo, can a16z share the vision and key reasons for supporting Aleo;The leadership change in Aleo Network, with Howard Wu being replaced by Alex Purden who has a16z background, has raised questions in the community about whether this change aligns with Aleo Network's long-term goals and strategy;Rumors are spreading about "a16z and other venture capital firms filing legal lawsuits against the original Aleo team in U.S. courts," causing deep concern in the community; are these rumors true?

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal announced that after Coinbase filed a FOIA request, a judge has ordered the Federal Deposit Insurance Corporation to release the Operation Chokepoint 2.0 suspension letter.Grewal decided to reveal how Coinbase's FOIA request demonstrates multiple instances of the FDIC instructing banks to cease cryptocurrency-related services. This legal push is part of Coinbase's broader efforts to compel regulators to clarify their stance on cryptocurrencies and increase transparency through the submission of FOIA requests and other actions.

ChainCatcher news, according to Cointelegraph, NCPPR Free Enterprise Project Deputy Director Ethan Peck stated that Microsoft has a "fiduciary duty" to act in accordance with the economic interests of its shareholders, and resisting Bitcoin may contradict those interests.If Microsoft ultimately decides not to invest in Bitcoin, and the price of Bitcoin rises, Microsoft may face the risk of being sued by shareholders.

ChainCatcher news, according to Protos, "Australian" Craig Wright argues that he cannot attend the court meeting in December due to his severe autism and the Christmas schedule, following accusations of contempt of court in a legal application submitted to the Cryptocurrency Open Patent Alliance (COPA).The law firm Bird and Bird, representing the Cryptocurrency Open Patent Alliance, stated that Craig Wright violated his injunction after deleting online notices and filing lawsuits against Jack Dorsey's Square Up and BTC Core.In addition, the Cryptocurrency Open Patent Alliance seeks to suspend Wright's lawsuits and halt related court proceedings until the contempt of court lawsuit is resolved. Cryptocurrency Open Patent Alliance lawyer Jonathan Hough stated, "Wright is trying to evade the consequences of his actions. He may want to avoid the police or prevent being detained."

ChainCatcher news, according to Caixin, a federal judge in Pennsylvania has remanded the lawsuit against American entrepreneur Elon Musk regarding his "million-dollar lottery" attempt to influence the U.S. elections back to the state court in Pennsylvania. Philadelphia District Attorney Larry Krasner filed a lawsuit against Musk and the "American Political Action Committee" on October 28, accusing them of illegally operating a lottery to influence the presidential election.At a hearing on October 31, Pennsylvania Judge Angelo F. Ciletta stated that he no longer had jurisdiction over the case due to Musk's request to move the lawsuit to federal court, unless the federal court remands the case back to the state court.It is reported that Musk supports former U.S. President and Republican presidential candidate Donald Trump, spending millions of dollars to support his campaign. Musk announced a lottery with a $1 million prize through the "American Political Action Committee," aimed at increasing voter registration in competitive areas.

ChainCatcher news, the U.S. District Court for the Central District of California has dismissed a fraud lawsuit filed by two former executives against the Bitcoin mining and data center operator Northern Data. According to court records, the case was terminated earlier this month after plaintiffs Joshua Porter and Gulsen Kama voluntarily withdrew their claims. Porter and Kama previously served as the Chief Operating Officer and Chief Financial Officer of the company's U.S. division, respectively.In the lawsuit filed in April, the two accused Northern Data of falsely exaggerating its financial condition and allegedly evading tens of millions of dollars in taxes.Additionally, Northern Data recently announced that it is considering divesting its Bitcoin mining subsidiary Peaking Mining to focus on artificial intelligence and cloud computing businesses.Previous news, Tether-backed Northern Data was accused of fraudulent activities by two former executives.

ChainCatcher news, Wang Feng, the founder of Blueport Interactive, recalled in a social media post today that in 2019 he proposed the company invest $20 million to purchase Bitcoin (which was priced at less than $6,000 each at the time), but faced strong opposition from board members and a representative of a major shareholder who threatened to sue. It wasn't until early 2023, after Wang Feng resumed the role of CEO, that the company began to implement the Bitcoin investment plan, but by then the price of Bitcoin had risen to $26,000 each.This statement stems from Wang Feng's comments on MicroStrategy's recent plan to raise $42 billion in funding over the next three years. Notably, MicroStrategy only began purchasing Bitcoin on a large scale in 2020, and if Blueport Interactive had executed its investment plan in 2019, it could have potentially reaped substantial profits.According to Wang Feng, when he founded Mars Finance in 2018, the platform secured nearly $10 million in funding within a year, with monthly advertising revenue peaking at 120 Bitcoins, and a single conference in the summer of 2020 could attract approximately 10 million RMB in sponsorship.

ChainCatcher news, according to court documents submitted on October 28, FTX has filed a lawsuit seeking to recover over $50 million in assets allegedly withheld by KuCoin.These assets are held in a KuCoin account of the now-defunct Alameda Research, which filed for Chapter 11 bankruptcy in November 2022.The FTX lawsuit claims that KuCoin locked access to these unnamed assets shortly after the bankruptcy proceedings began. At that time, the account held assets worth approximately $30 million, preventing the bankruptcy company's management team from accessing these assets. FTX pointed out that KuCoin refused to release these assets, which have now grown in value to over $50 million.