ChainCatcher news, according to Protos, Mango DAO members John Kramer and Max Schneider successfully pushed a proposal last week to lock 80 million MNGO tokens in exchange for 67.5 million token options. However, Mango Labs founder Dafydd Durairaj warned that this proposal "could be seen as a sale of MNGO, jeopardizing our settlement agreement with the SEC."Durairaj opposed the proposal within the community, stating that this move would lead the SEC to re-examine the case, and all members could face legal consequences. Meanwhile, the proposal "consolidated the two's complete control over the DAO."It is reported that both Schneider and Kramer are core members of Mango DAO, and Mango Labs had filed a lawsuit in October this year, accusing the two of attempting to misappropriate $10 million in DAO funds during the Avraham Eisenberg case.

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 CryptoSlate, FTX has reached a settlement with Evolve Bank and the Silicon Valley Community Foundation (SVCF), which could allow it to recover up to $21 million in assets. The agreement is pending court approval, with a hearing scheduled for November 20.Previously, Evolve Bank held over $13 million in deposits in accounts opened for FTX affiliate West Realm Shires Services Inc. After multiple negotiations, FTX reached an agreement with Evolve Bank to return approximately $12.77 million to the bankrupt FTX, while retaining $462,700 as compensation fees.In addition, the Silicon Valley Community Foundation SVCF also agreed to return $8.57 million and the remaining FTT tokens to avoid the need for litigation.

ChainCatcher news, the decentralized cryptocurrency exchange Mango Markets is considering a $500,000 settlement agreement with the U.S. CFTC. According to a statement on its Discord server and a proposal on its governance page, the exchange is facing CFTC charges for allegedly not registering as a commodities exchange, illegally providing services to U.S. users, and failing to conduct customer identity verification.Mango Markets' legal representatives proposed to avoid litigation by paying a fine, but do not admit or deny any wrongdoing. The proposal needs to be voted on by the holders of Mango Markets' governance token MNGO, and current results indicate it is likely to be approved. Additionally, the CFTC commissioners must also approve the agreement.It is reported that Mango Markets previously reached a settlement with the U.S. SEC, paying approximately $700,000 in fines. According to a post by its legal representatives on its Discord server, Mango DAO's legal fees have reached $148,176, with additional costs exceeding $78,000 thereafter.

ChainCatcher news, according to The Block, Bitfarms and Riot Platforms have reached a settlement, which may mean the end of the acquisition dispute between the two Bitcoin mining companies. According to the terms of the agreement, Bitfarms co-founder Andres Finkielsztain has resigned from the board, and Riot-nominated independent director Amy Freedman (a corporate governance and capital markets expert with over 25 years of experience) will take over his position, effective immediately. Riot has agreed to withdraw its amended request and accept the regular standstill provisions until Bitfarms' 2026 annual meeting.Currently, Riot holds 19.9% of Bitfarms' common stock. Under the settlement agreement, Bitfarms has granted Riot certain rights, allowing Riot to purchase additional shares of the company as long as Riot holds 15% or more of the outstanding common stock. However, under the standstill provisions, Riot is still prohibited from acquiring more than 20% of Bitfarms' shares without prior board approval unless Riot intends to make another formal acquisition.On Monday, Riot stated that it intends to regularly review its investment in Bitfarms and may increase or decrease its stake in the company.

ChainCatcher news, Solana's decentralized exchange Mango Markets is voting on a settlement agreement with the U.S. Securities and Exchange Commission regarding alleged securities violations.The DAO has proposed a solution where Mango Markets will pay a fine of $223,000 to the SEC, destroy its held MNGO tokens, and seek to delist from the trading platform.The proposal aims to address the SEC's allegations while avoiding litigation and does not admit or deny any wrongdoing. The proposal has reached a quorum with 106,717,813 votes, all voting "in favor."

ChainCatcher news, on August 7, U.S. District Judge Peter Castel officially approved the $12.7 billion settlement agreement reached by FTX and Alameda to resolve the CFTC's 20-month lawsuit. Notably, the CFTC did not seek civil penalties, meaning the entire $12.7 billion will be used to directly repay FTX creditors.Previous news, the bankrupt cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, currently awaiting approval from a Delaware judge.

ChainCatcher News, a U.S. federal judge has approved a $9 million settlement agreement in a class action lawsuit against the cryptocurrency and stock trading platform Robinhood.Robinhood Financial LLC has been ordered to pay $9 million to resolve a lawsuit regarding its "Refer a Friend" program, which allows users to generate and send text messages to their phone contacts through the trading app, inviting them to join the platform.According to the 2021 lawsuit, this action violated Washington state's Commercial Electronic Mail Act and Consumer Protection Act.

ChainCatcher news, according to TheBlock, the bankrupt cryptocurrency exchange FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, currently awaiting approval from a Delaware judge. The CFTC filed a fraud lawsuit against FTX, former CEO SBF, and its affiliate Alameda in 2022, claiming their actions led to $8 billion in customer losses.The CFTC initially sought $52.2 billion in claims. As part of the settlement agreement, the CFTC agreed not to seek any compensation as long as FTX adheres to the restructuring plan. FTX will pay creditors up to $12.7 billion in compensation, depending on available funds. A hearing on the settlement motion will be held on August 6.FTX filed for bankruptcy at the end of 2022. In May of this year, FTX's bankruptcy administrator announced a restructuring plan, under which creditors will receive full cash repayment. According to the plan, creditors with claims under $50,000 will be eligible for 118% compensation within 60 days after court approval.

ChainCatcher news, according to CNBC, New York Attorney General Letitia James announced a $2 billion settlement agreement with the cryptocurrency lending platform Genesis to compensate defrauded investors.

ChainCatcher news, with the approval of the bankruptcy judge, FTX's debtor has reached a $450 million settlement agreement with the bankrupt company Voyager Digital. In documents submitted to the U.S. Bankruptcy Court in Delaware on April 29, Judge John Dorsey approved the terms of the agreement between FTX and Voyager, allowing Voyager to resolve all claims with FTX as part of the creditor compensation plan. Upon approval, both parties will agree to return $5 million held in escrow by Voyager and an additional $445 million related to loan repayment litigation involving Alameda Research to the company's debtors. FTX will also "waive" all rights to these funds.

ChainCatcher news, Gemini stated on social media that during the hearing on April 16, the bankruptcy court verbally approved a global settlement agreement between Gemini, Genesis, and other creditors in the Genesis bankruptcy case.It is reported that the settlement agreement stipulates that as of the suspension date of Gemini Earn (November 16, 2022), the initial distribution amount to Earn users is approximately 97% of the digital assets owed to users, with the initial distribution expected to take place at the end of May or early June. The remaining distribution amount will be recovered from the Digital Currency Group (DCG).

ChainCatcher news, Gemini disclosed on social media that Genesis submitted a revised proposed order yesterday, approving a global settlement among Gemini, Genesis, and other creditors in the Genesis bankruptcy case, with the settlement agreement already submitted to the bankruptcy court.It is reported that the settlement agreement will be reviewed by the bankruptcy court on April 16 at 23:00 Beijing time on an undisputed basis.

ChainCatcher news, according to CryptoSlate, Genesis has requested the bankruptcy court to tentatively approve a settlement agreement to allocate funds to users. This request will be considered at a hearing on April 16. If the settlement is approved, Earn users with suspended accounts will receive 100% of their assets, with 97% of the amount expected to be repaid within weeks after court approval. The remaining funds will be distributed according to the method obtained from Genesis's parent company, Digital Money Group.The latest updates indicate that, at current prices, Earn users will receive a total of $2 billion in cryptocurrency, which is $900 million higher than when the service was halted in 2022.Gemini stated that it will return $50 million to users and has the right to expedite asset delivery before the outcome of the Genesis bankruptcy plan is determined.

ChainCatcher news, according to Bloomberg, the bankrupt crypto lending platform Genesis has reached a settlement agreement with New York Attorney General Letitia James, who previously accused Genesis of deceiving customers through the now-defunct Gemini Earn program.It is reported that this settlement will allow assets that could have been seized by New York state authorities to be returned to former Earn customers and other Genesis creditors. The deal must be approved by the bankruptcy judge, and Genesis is operating independently during bankruptcy, seeking approval from Judge Sean Lane for the New York settlement and liquidation plan on February 14.

ChainCatcher news, according to Cointelegraph, at a hearing on February 6, New Jersey bankruptcy court judge Michael Kaplan approved a settlement agreement between Three Arrows Capital (3AC) and BlockFi to prevent further legal disputes. This is because BlockFi claims that 3AC owes it $129 million, while 3AC claims that BlockFi owes it $280 million.The judge denied the motion to unseal the settlement agreement, stating that doing so "would be against intuition," and rebutted the U.S. trustee's objections to unsealing, arguing that the terms should be disclosed since the debtor did not prove the necessity to unseal the settlement agreement. However, BlockFi's motion to seal certain information argues that these terms are commercially sensitive and could impact the lawsuit against the bankrupt cryptocurrency exchange FTX.

ChainCatcher news, according to The Block, U.S. District Court Judge Manish Shah signed an order on December 14, requiring Zhao Changpeng to pay $150 million as part of a settlement agreement, with one-third to be paid within the next 30 days. According to the order, Binance must pay a $1.35 billion fine to the Commodity Futures Trading Commission (CFTC) and forfeit $1.35 billion in "improper trading fees."The CFTC stated that under Zhao Changpeng's guidance, Binance solicited customers in the U.S. while being aware of U.S. regulations but "chose to ignore them." The court-approved order also requires Binance and Zhao Changpeng to ensure that the exchange establishes a corporate governance structure, which includes a board of directors with independent members, a compliance committee, and an audit committee.

ChainCatcher news, Binance submitted documents to the U.S. District Court for the District of Columbia, stating that the settlement agreement previously reached with the U.S. DOJ and FinCEN has no substantial connection to the SEC's allegations against Binance, and the SEC's supplemental brief did not present any new valid evidence regarding the case.Previous report, on December 9, the U.S. Securities and Exchange Commission (SEC) stated that the recent $4.3 billion settlement agreement reached by Binance Holdings Ltd. with the U.S. Department of Justice supports its lawsuit against Binance.

ChainCatcher news, the KyberSwap attacker has left messages on-chain to KyberSwap executives, employees, token holders, and liquidity providers, expressing a willingness to negotiate. The team previously received responses from the attacker stating that most of the responses received were threats and unfriendly in tone. Nevertheless, he stated that he is ready to make a statement regarding a possible settlement agreement, planning to release it at noon UTC on November 30.Additionally, the attacker proposed that if hostility continues, the date will be postponed. If there are no other circumstances, it will proceed as planned on November 30.Previous news, KyberSwap was attacked on November 23, resulting in a loss of $48.3 million. On November 24, the KyberSwap team issued a negotiation message on-chain to the hacker, stating that the hacker could keep 10% of the stolen funds. On November 26, the KyberSwap hacker returned approximately $4.67 million and 361,876 USDC.e.

ChainCatcher news, according to Cointelegraph, U.S. Federal Judge Gregory Woods has ordered Voyager to pay the Federal Trade Commission (FTC) $1.65 billion after announcing a settlement with the FTC in October. As part of the agreement, Voyager will be "permanently restricted and prohibited" from marketing or offering products or services related to digital assets.According to the settlement agreement, parties associated with Voyager must cooperate with FTC officials, including testifying at hearings, trials, and evidence disclosures. One year later, Voyager must also report on its compliance procedures and accept oversight from the commission.The judge stated that the order will not significantly affect the litigation process in Voyager's bankruptcy court, as Voyager filed for protection under Chapter 11 of the Bankruptcy Code in July 2022, disclosing liabilities between $1 billion and $10 billion. In May, the court approved a plan allowing Voyager users to receive 35.72% of their claims first. In October, the Commodity Futures Trading Commission and the Federal Trade Commission filed parallel lawsuits against Voyager's former CEO Stephen Ehrlich, accusing him of making misleading statements regarding the use and safety of customer funds.