On February 7, Justin Sun filed a lawsuit against billionaire collector David Geffen in federal court in Manhattan, seeking the return of a Giacometti sculpture, "The Nose" (LeNez), or massive compensation. According to the lawsuit, Xiong Zihan Sydney, a former adviser to Justin Sun, sold the sculpture, which was purchased by Justin Sun at Sotheby's in 2021 for $78.40 million, to Geffen without authorization, including forgery of signatures and the identity of a fictitious lawyer. The transactio...
At a preliminary hearing in Manhattan, Chief Prosecutor Jared Leno told the court that Terraform Labs co-founder and former CEO Do Kwon's criminal fraud trial in the United States is tentatively scheduled for January 2026 to allow prosecutors and Kwon's defence counsel ample time to review the "massive" 6TB of data expected to be generated over the course of the investigation. Prosecutors said the government expected to face more delays because Montenegro was forced to extradite Do Kwon to the U...
According to market news, the US Attorney's Office in Manhattan plans to scale back its handling of cryptocurrency cases. A prosecutor said the department will readjust quotas to prioritize other types of financial crime cases.
Speaking at a fundraising event at the Cipriani Wall Street in Manhattan, Vice President Harris said: "I will bring together labor, small business founders, innovators and big companies. Together, we will invest in America's competitiveness and in America's future. We will encourage innovative technologies like artificial intelligence and digital assets while protecting our consumers and investors."...