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Christopher Harborne — who goes by the name Chakrit Sakunkrit in Thailand — is a Bitfinex shareholder , the number one supporter of Brexit, and is suing the Wall Street Journal (WSJ) for defamation. The multimillionaire, who made his money from an aviation fuel company and a number of almost-too-brilliant crypto investments, is taking on the News Corp-owned WSJ over an article entitled ‘Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts.’ The article, which was only corrected a week ago, is nearly a year old and the lawsuit appears to be coming out of left field. The correction states: “A previous version of this article included a section regarding Christopher Harborne and AML Global, which applied for an account at Signature Bank. The section has been removed to avoid any potential implication that AML’s attempt to open an account there was part of an effort by Tether, Bitfinex, or related companies to mislead...

The second week of the Crypto Open Patent Alliance ( COPA ) v. Craig Wright trial continued on Thursday and saw witnesses Mike Hearn, Howard Hinnant, and Zooko Wilcox take the stand to answer cross-examination questions.  This UK High Court of Justice lawsuit will resolve the question of whether Craig Wright owns the copyright to Bitcoin’s whitepaper. COPA is suing Wright seeking a court-ordered injunction preventing Wright from asserting authorship claims. On this particular day of this high-stakes trial, the most important event happened outside the courtroom. As newly-introduced evidence, Blockstream CEO Adam Back, and early Bitcoin developer Martti Malmi published some of their never-before-seen emails with Satoshi Nakamoto on public servers. As the world reads through over 260 of these newly published emails, enjoy this example excerpt in the verbatim words of Satoshi: Historically, people have taken up scarce commodities as money, if necessary taking up whatever is at...

FTX has filed a lawsuit claiming that a former executive engaged in unethical practices using “hush money” to silence employees who could expose potential wrongdoing. According to the complaint, the former compliance officer alleged ly offered whistleblowers bribes to prevent them from disclosing what FTX called the exchange’s “true fraudulent nature.” The legal action targets Daniel Friedberg, the chief regulatory officer and compliance officer for FTX and its U.S. division. Friedberg also served as the general counsel for Alameda Research. FTX alleges that Friedberg acted as a “fixer” for the family of Sam Bankman-Fried, one of the exchange’s co-founders. Bankman-Fried’s father, Joe Bankman, advocated for Friedberg to be placed in a prominent position and requested that he be informed about company affairs. According to the lawsuit, two potential whistleblowers claimed that Friedberg paid them “hush money” to rem...

Elon Musk’s attorneys are contesting a dismissal motion put forth by plaintiffs in the ongoing class-action lawsuit involving dogecoin investors. Elon Musk’s attorneys are contesting a complaint from plaintiffs in a class-action lawsuit involving dogecoin (DOGE) investors. The plaintiffs are seeking the dismissal of Musk’s legal team over allegations of misconduct. The attorneys for Musk have responded, describing the complaint as a misuse of judicial resources. The response from Musk’s legal team is contained in a detailed document. This response seeks to challenge the substance of the allegations, arguing that they do not meet the court’s “laugh test,” a legal doctrine used to evaluate the credibility of a claim. The response from Musk’s attorneys also addresses specific accusations made by Spencer, the lawyer for the dogecoin investors. They assert that these allegations , which include purported ethical violations and conflicts o...

Explore essential skills for top legal and compliance jobs in the crypto market. Cryptocurrencies are a rapidly growing market that is changing how people invest, buy and sell goods and services, and transfer money. However, with the growth of this market comes an increasing need for legal and regulatory compliance, particularly concerning issues such as money laundering, fraud and data protection. As a result, there is a demand in the cryptocurrency sector for legal and compliance specialists. The positions listed below are just a few examples of the various legal and compliance positions available in the cryptocurrency sector. Each one is crucial to ensuring that the market functions fairly, openly and lawfully. Compliance officer A compliance officer in the crypto market is responsible for ensuring that the company complies with all relevant laws and regulations, including Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.  Knowing the relevant laws and regul...