Topic: #legal
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Mt. Gox trustee pushes creditor repayment deadline back a year to Oct. 31, 2027
A Japanese court approved moving Mt. Gox's creditor repayment deadline from Oct. 31, 2026, to Oct. 31, 2027, trustee Nobuaki Kobayashi said in an Oct. 16 notice. He cited unfinished procedures and payment-processing problems.
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Fidelity's $500,000 California crypto settlement leaves IRAs out of transfer terms
Fidelity Digital Assets settled with California for $500,000 and must give written notice if it ends retail crypto transfers. The terms exclude IRAs, and Fidelity denied wrongdoing.
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South Korea's Supreme Court sets rules for courts to seize and sell debtors' crypto
South Korea's Supreme Court promulgated Rule 3280 on Oct. 12, standardizing how courts freeze, transfer and sell debtors' crypto on exchanges and in private wallets, effective Nov. 1.
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CFTC proposes treating event contracts as swaps, excludes sportsbook and casino wagers
The CFTC announced two actions on Oct. 9: a proposal to expressly include sports and other event contracts in the swap definition, and an interim final rule codifying the exclusion of sportsbook and casino wagers.
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Crypto industry deploys $206 million to reshape 2026 midterm races
Crypto corporations have become the largest disclosed corporate donor sector in the 2026 midterms, channeling $206 million through super PACs and hybrid PACs as of Q2, according to Public Citizen's FEC analysis. Fairshake leads the network with $137.9 million in receipts and $108.3 million in cash reserves.
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US Treasury sanctions Iranian crypto exchange BitBank for IRGC Bitcoin transfers
The Treasury Department sanctioned the Iranian crypto exchange BitBank and its software developer Pishtaz Simorgh on September 17, alleging the platforms facilitated hundreds of millions in Bitcoin transfers to Iran's Islamic Revolutionary Guard Corps.
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MVMT Labs files Chapter 11 bankruptcy after $38M Series A
Movement Labs' parent company MVMT Labs filed for Chapter 11 bankruptcy protection in July, listing $100,001 to $1 million in assets against $1–$10 million in liabilities, despite raising $38 million in April 2024. Move Industries says it has no affiliation with the debtor.
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Sioux Falls crypto investor indicted on 29 counts in $20M fraud
Benjamin Paul Wiener was indicted on wire fraud, money laundering, and identity theft charges after prosecutors say he used eight entities to move investor funds through crypto exchanges and financial institutions, repaying earlier victims with new money.
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HTX delists USD1 stablecoin, converts balances to USDT
Crypto exchange HTX will permanently remove World Liberty Financial's USD1 stablecoin from its platform and convert eligible customer holdings to Tether at a one-to-one rate beginning June 7, escalating a dispute over frozen blockchain wallets.