Lawsuit Claims Hut 8 Misled Shareholders in Merger with US Bitcoin

News | March 11, 2024 By:

On Thursday, February 29, 2024, Yadira Torres filed a shareholder derivative lawsuit against current and former directors and executives of Hut 8 Corp., a Canadian company that operates computing infrastructure for bitcoin mining and data centers. The lawsuit alleges the defendants breached their fiduciary duties by making false and misleading statements related to the company’s merger with US Bitcoin Corp.

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Senator Cynthia Lummis Says SEC Overreached Authority in Kraken Crypto Lawsuit

News | March 8, 2024 By:

On Tuesday, February 27, 2024, Senator Cynthia Lummis filed an amicus brief arguing that the U.S. Securities and Exchange Commission (SEC) overreached its authority in its case against crypto exchange Kraken. In the brief filed in a California federal court, Lummis said the SEC is attempting to expand its regulatory power over digital assets beyond what Congress intended.

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Judge Holds Bitcoin Scammer Nicholas Truglia in Contempt for Failing to Pay $20 Million Crypto Hack Restitution

Crime, News | March 8, 2024 By:

On Thursday, February 29, 2024, Alvin K. Hellerstein, Senior Judge of the United States District Court for the Southern District of New York, held bitcoin scammer Nicholas Truglia in contempt of court. Judge Hellerstein found that Truglia had willfully failed to pay over $20 million in restitution to tech entrepreneur Michael Terpin,

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