September 11, 2024 at 12:10 PM GST updated: September 11, 2024 at 12:01 PM 2 mins read News A U.S. federal judge dismissed a class-action lawsuit against Atomic Wallet due to insufficient ties to Colorado for jurisdiction. Atomic Wallet faced a lawsuit following a $100M hack in mid-2023, but the court found no grounds to…
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the…
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer…