ChainCatcher news, the WeChat official account of the People's Court of Yian County, Qiqihar City, Heilongjiang Province, disclosed a case of reselling U coins through a抢单模式 (order grabbing model).The suspect, Wang, used the "U Dock" APP account to resell U coins in an order grabbing model, receiving payments for buying and selling U coins through 11 bank cards belonging to other people. Among these, six bank cards received a total of 564,000 yuan in fraudulent funds, and Wang profited over 60,000 yuan from this, which he squandered entirely.In this case, the defendant Wang was convicted of concealing and hiding criminal proceeds and sentenced to one year and eight months in prison, along with a fine of 15,000 yuan. This judgment has now taken effect.

ChainCatcher news, according to DL News, Binance's compliance officer Tigran Gambaryan was unable to appear in court due to serious illness, delaying the trial in Nigeria for several months. Tigran Gambaryan's lawyer Mark Mordi requested a recess to check on his client's health condition. The judge agreed and postponed the trial until October 25.It is reported that Binance's financial crime compliance officer Tigran Gambaryan has been detained in Nigeria since February, and the Nigerian court last week rejected Tigran Gambaryan's bail request due to illness. U.S. lawmakers have claimed he is being unjustly detained. His lawyer has repeatedly stated that his health condition is poor and that he requires surgery.

ChainCatcher news, according to Coindesk, lawyers from the U.S. Commodity Futures Trading Commission (CFTC) argued in a brief submitted to the appellate court that a federal judge "erroneously" allowed the prediction market Kalshi to list and trade election contracts, reiterating many of the arguments made in the lower court.Last month, the judge ruled that the CFTC could not prohibit Kalshi from listing election contracts. The regulatory agency requested a stay from the appellate court to prevent the company from launching the product before the appeal outcome. However, the court's judge ruled that the CFTC failed to demonstrate that it would cause irreparable harm.

ChainCatcher news, according to Decrypt, WazirX plans to submit over 240,000 wallet addresses and balances to the Singapore High Court during its debt restructuring, aiming to enhance transparency and restore user trust.Previously, the exchange had frozen user funds due to a $230 million network attack in July and suspended most cryptocurrency withdrawal services. WazirX is currently undergoing legal restructuring and is working to restore user access and return funds.

ChainCatcher news, blockchain analysis company Chainalysis is facing a $650 million defamation lawsuit for allegedly mislabeling the YieldNodes project as a scam. The case is set for a hearing on October 16 in the New York Supreme Court.The plaintiff, Exceptional Media, claims that Chainalysis's erroneous classification has caused serious damage to its reputation and client base, and was made with malice. Chainalysis has filed multiple motions to dismiss, arguing that the complaint fails to prove its analysis was incorrect and maintains that YieldNodes could indeed be an investment scam. Chainalysis declined to comment on the case.

ChainCatcher news, according to The Block, cryptocurrency exchange Coinbase has filed a motion for partial summary judgment in the U.S. District Court for the District of Columbia to obtain documents from the U.S. Securities and Exchange Commission (SEC) regarding how securities laws apply to cryptocurrencies.Coinbase's Chief Legal Officer Paul Grewal stated that the SEC initially claimed an exemption under the Freedom of Information Act (FOIA), but recently acknowledged that this may not be the case. Currently, the SEC claims it will take three years to provide the documents requested by Coinbase.Previously, Coinbase had sued the SEC and the Federal Deposit Insurance Corporation (FDIC) in June 2024 for failing to comply with its FOIA request. Coinbase seeks to obtain internal and external communications from the SEC regarding whether certain crypto assets (particularly Ethereum) are defined as securities.

ChainCatcher news, according to SBS, the Seoul District Court in South Korea sentenced Park Byung-gon, the main person responsible for the Ado International investment recruitment plan, to 5 years in prison. Park Byung-gon was accused of carrying out a fraud scheme worth 400 billion won (approximately 294 million USD) through virtual assets.

ChainCatcher news, according to Cryptonews, a court in Nigeria has denied the bail request of Binance executive Tigran Gambaryan due to health reasons, which has sparked strong opposition from Binance.A Binance spokesperson stated in a statement: "We are deeply disappointed by the court's decision to deny Tigran's bail, especially considering his deteriorating health condition. He has been unlawfully detained for over 220 days. Tigran did not go to Nigeria as a decision-maker, and there is no reason to continue to detain him. We are committed to working with the Nigerian government to resolve this issue, but Tigran must be allowed to go home."Binance has consistently emphasized that Gambaryan does not have substantial decision-making power at the exchange, and his prolonged detention has raised humanitarian concerns. As Gambaryan's health worsens and the detention continues, calls for his release are growing louder. Binance, along with several international advocates, continues its fight for his freedom.ChainCatcher previously reported that, according to Bloomberg, a court in Nigeria denied the bail application of Binance executive Tigran Gambaryan on health grounds, as the executive is on trial for alleged money laundering and currency manipulation, while instructing the prison to send him to the hospital for treatment.

ChainCatcher news, the WeChat official account of the People's Court of Laiwu District, Jinan City announced typical cases of the application of the Civil Code in Shandong courts 167, the legal attributes of digital collectibles and the validity of their trading behavior (Yang vs. a cultural creative company in a sales contract dispute). The key points of the ruling indicate that digital collectibles are a type of online virtual property. Currently, there are no legal prohibitions against the issuance and trading of digital collectibles in our country. As long as the parties involved have the corresponding civil capacity and their intentions are genuine, the trading behavior of digital collectibles between civil subjects should be recognized as legal and valid.Digital collectibles have both collection and investment attributes, which carry a high market risk. Buyers aiming to profit from the price differences in the secondary market for digital collectibles should not be recognized as consumers under the "Consumer Rights Protection Law" and should bear the corresponding risks of market price fluctuations.

ChainCatcher news, according to Bloomberg, a court in Nigeria denied the bail application of Binance executive Tigran Gambaryan on health grounds. The executive is on trial for alleged money laundering and currency manipulation, while the court instructed the prison to send him to the hospital for treatment. Binance's Head of Financial Crime Compliance, Tigran Gambaryan, has been detained in the country since February, and U.S. lawmakers have stated that he is being unjustly detained. His lawyer has repeatedly mentioned his poor health and stated that he requires surgery.

ChainCatcher news, according to Tree News, Ripple Labs Inc. has submitted a notice of appeal to the U.S. Court of Appeals for the Second Circuit.

ChainCatcher news, the privacy social media network MeWe, based on the Decentralized Social Network Protocol (DSNP), announced the completion of a $6 million Series B funding round, led by McCourt Global. The new funds will be used to further develop new technologies such as AI integration, launch new Web3 product features, strategically acquire users through targeted marketing efforts, and introduce a native token to enhance user growth, platform engagement, and utility.

ChainCatcher news, the Jiangsu High Court's official WeChat account published "2023 Typical Cases of Foreign-related Commercial Trials in Jiangsu Courts," which disclosed that Tian XX, Pan XX, and a third party signed a "Cooperation Agreement" to jointly operate the "MFA Blockchain Project." Pan XX transferred a total of 15.74 million yuan to Tian XX and the third party for the purchase of the MFA virtual currency as stipulated in the agreement; Tian XX subsequently transferred 10.6 million yuan to Pan XX. Tian XX claimed that MEXC (a Singapore trading platform) delisted the MFA/USDT spot trading in September 2020, and the virtual account involved in the case was locked and could not be traded, resulting in a total loss of investment. Pan XX filed a lawsuit, requesting the return of the remaining funds and payment of interest.The Yancheng Intermediate People's Court ruled that the virtual currency trading behavior was invalid, thus dismissing Pan XX's lawsuit. Pan XX was dissatisfied with the ruling and appealed. The Jiangsu Provincial High Court, in its second instance, held that foreign virtual currency exchanges providing services to residents in China via the internet also constitute illegal financial activities, and the relevant civil legal acts are invalid, with the resulting losses to be borne by the parties themselves. The court thus dismissed the appeal and upheld the original ruling.

ChainCatcher news, according to Protos, the U.S. Supreme Court has declined to hear an appeal regarding 69,370 bitcoins related to Silk Road, effectively lifting restrictions on the sale of bitcoins worth $4.4 billion. Due to a lower court's order for the U.S. government to "dispose of the seized defendant's property according to law," U.S. Marshals or other agencies may soon receive court instructions to liquidate a large amount of bitcoin stolen from Silk Road.Battle Born Investments purchased bankruptcy claims after Ross Ulbricht's dark web market Silk Road shut down in 2013. Battle Born claims to possess bitcoins seized from "Individual X," who allegedly stole the bitcoins from Silk Road. The disputed wallet has now been emptied and is held by the U.S. government, awaiting court instructions.Battle Born has requested a hearing on its claims, asserting that it is "an innocent owner of the defendant's property by virtue of its status as a purchaser of bankruptcy assets." However, since the nine justices will not hear the case during this term, the U.S. District Court's forfeiture order is likely to prevail. Although some procedures and legal reviews still need to be completed before the U.S. government can actually sell the bitcoins, due to the Supreme Court's rejection, U.S. Marshals may auction off additional billions.

ChainCatcher news, according to a report by Xinhua News Agency's new media, the social media platform X, owned by American tech tycoon Elon Musk, announced on the 4th that it has paid all fines and applied to lift its operating ban in Brazil. However, the Brazilian Supreme Court responded the same day that the decision on whether to allow the X platform to resume operations would be delayed due to the fines being transferred to the "wrong" bank account.According to Reuters, earlier on the 4th, the X platform submitted an application to the Brazilian Supreme Court, stating that it has paid all previously owed fines and hopes to restore its operating services in Brazil. Reuters cited a related document reporting that X platform's lawyers stated the company has paid a fine of 28.6 million reais (approximately 5.24 million USD).

ChainCatcher news, according to Jinshi reports, Elon Musk's social media platform X has paid the fine imposed by the Brazilian Supreme Court, and the company will submit a new request to restore its services in the country.

ChainCatcher news, according to Cointelegraph, the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) have informed the U.S. Supreme Court that the class action lawsuit accusing Nvidia of misleading cryptocurrency miners during sales should be allowed to proceed.Since 2018, Nvidia has been in a legal battle with investor groups, and the case has now reached the U.S. Supreme Court.In a brief filed on October 2, U.S. Acting Attorney General Elizabeth Prelogar and SEC senior attorney Theodore Weiman argued that the lawsuit "provides sufficient detail" to allow it to continue after being dismissed in district court, adding that the Supreme Court should greenlight the restoration of the lawsuit through the appellate court.The brief further stated, "Valuable private litigation is an important complement to the criminal prosecutions and civil enforcement actions of the Department of Justice and the SEC."

ChainCatcher news, according to The Block, the federal appeals court ruled that the prediction market platform Kalshi can continue to launch contracts to allow election betting.In an opinion submitted to the U.S. Court of Appeals for the D.C. Circuit, Judge Patricia Millett ruled that the Commodity Futures Trading Commission (CFTC) failed to demonstrate that "if the appeal is not stayed, the public will suffer irreparable harm."Since the CFTC stated at the end of last year that Kalshi could not offer contracts related to "Congressional control contracts," the CFTC and Kalshi have been in litigation.

ChainCatcher news, the Brazilian Supreme Court has ordered that social media platform X must pay a fine of approximately 5.2 million USD before it can resume services in the country.Earlier, the platform, controlled by American billionaire Elon Musk, had appointed a local legal representative and removed inappropriate messages in accordance with the court's directive. Judge Alexandre de Moraes ruled on Friday that X must complete the payment of the 18.3 million reais fine he previously imposed, as well as pay an additional 10 million reais fine he ruled last week due to the platform allowing some Brazilian users to use the service during the ban, before it can operate again in the country. The total fines amount to approximately 5.2 million USD.