US Court Filings Expose Montenegro’s Prime Minister’s Stake In Failed Terrafo...
A recent Bloomberg report has revealed that Montenegro’s Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company’s collapse. The discovery has raised concerns regarding the founder’s choice to flee prosecution by seeking refuge in the same nation. The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea. Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the investment was made by Singapore-based....
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"Prime Trust was obligated under the Bankruptcy Code to deliver all property belonging to Celsius [...] including these remaining crypto assets," said Celsius' legal team. Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency.In a Tuesday filing with U.S. Bankruptcy Court in the Southern District of New York, Celsius’ legal team brought a complaint against Prime Trust, alleging the company did not return $17 million worth of crypto assets in June 2021 when it terminated its....
Recently submitted court filings to the U.S. Bankruptcy Court for the District of Delaware have shown a sequence of financial transactions that preceded the decline of FTX in November 2022. The aforementioned papers suggest that the majority of these transactions primarily favored individuals who hold influential positions inside the business. However, it’s essential to note […]
Many outlets have reported Rishi Sunak could be one of the possible replacements for Boris Johnson, suggesting that crypto regulations could be central to the government’s agenda. Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of the country’s Conservative Party but will remain head of state until a replacement has been found.In a speech in front of 10 Downing Street in London on Thursday, Johnson said “it is clearly now the will of the Parliamentary Conservative Party, that there should be a new leader of that party and....
It has been a rough decade for Iceland. Between the crash of three major banks to the prime minister’s resignation over corruption revealed by the Panama Papers, the insular island nation has experienced a heavy dose of failure in its most essential systems of governance. This curse, however, could turn into a blessing, as Iceland is uniquely positioned to take full advantage of cryptocurrency like no other nation. collapse and prompting the heads of said banks to be jailed. In the country where common folks were forced to still use the failing króna and you need a permission to buy....
Bloomberg analyst James Seyffart has commented on the XRP ETF amendment filings and what they could mean in terms of a potential approval. These amendments followed the SEC’s delay of its decision on these funds till October, which is the final deadline. What The XRP ETF Amendment Filings Mean For Approval In an X post, […]