Legal dispute

Moonshot

2026-10-12 01:15:57

Reuters: Moonshot executives in settlement talks with shareholder ahead of planned Hong Kong IPO

Moonshot executives are in settlement talks with a shareholder before the Chinese artificial intelligence company’s planned Hong Kong listing, according to Reuters, which cited people familiar with the matter. The dispute centers on claims raised by Recurrent.ai and some of its investors in a March 11, 2026 lawyer’s letter to Moonshot investors. The letter alleged that Moonshot CEO Yang Zhilin and CTO Zhang Yutao made false statements to Recurrent investors, profited at Recurrent’s expense, moved key model data servers, deleted other data, and set up Moonshot without board authorization. Reuters said it could not independently verify those allegations. People familiar with the matter said Recurrent received 9.5% of Moonshot’s original shares when the company was established and is now seeking compensation equal to 10.5% of the original stake. Based on Moonshot’s $30 billion valuation in its June fundraising, that amount could be worth more than $700 million. Reuters had reported in September that Moonshot had confidentially filed for a Hong Kong IPO. One person said the dispute is not expected to derail the listing, but if unresolved, it could raise governance, ownership, and disclosure issues.

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Bitcoin

2026-09-08 02:39:10

British Man Recovers 61 Bitcoin Worth $4.4M After 12-Year Legal Battle

A British man known only as Chris has recovered 61 Bitcoin worth approximately $4.4 million after a 12-year legal dispute against the defunct exchange Intersango. He purchased the Bitcoin in 2011 but left them in the exchange's custody. CEL Solicitors, led by director of financial litigation Ryan Sweetnam, spent four months filing documents in U.S. court and negotiated the return of the assets. Chris now opens his wallet about 20 times a day, reflecting his long-awaited success.

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Bitcoin

2026-09-08 02:39:51

British Man Recovers 61 Bitcoins Worth $4.4M After 12-Year Legal Battle with Intersango Exchange

A British man has recovered 61 bitcoins (worth $4.4M) after a 12-year legal battle with the UK exchange Intersango, which closed in 2014. He bought the coins in 2011 and left them on the exchange. CEL Solicitors' Ryan Sweetnam helped file US court documents over four months, leading to a negotiated return. Chris now checks his wallet 20 times daily.

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policy regula

2026-09-04 03:05:26

Guangzhou Court Invalidates Virtual Currency Lending Deal, Orders Payment at Original Cost

According to a report carried by ChainCatcher from Guangzhou Daily Xinhuacheng, a man in Guangzhou lent one unit of virtual currency to a friend, who agreed to return it after two days. When the friend missed the deadline, the man sued, requesting either the return of the virtual currency or compensation based on market price. The Guangzhou Intermediate People's Court found that the virtual currency lending agreement was invalid, so it refused to order the return of the asset or damages calculated at market value. However, the court held that virtual currency counts as network virtual property, and the borrower must still compensate the lender for actual losses. The court used the lender's original purchase cost for the token to calculate damages, awarding 199,600 yuan.

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New Jersey

2026-09-02 17:23:48

New Jersey Becomes First State to Ask Supreme Court to Weigh In on Prediction Markets

New Jersey has become the first U.S. state to petition the Supreme Court to resolve a legal dispute over prediction markets. After multiple appeals courts issued conflicting rulings on whether states can ban sports-related prediction products, New Jersey seeks clarity from the highest court. This move highlights growing regulatory tensions around event-based wagering platforms.

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U.S. governme

2026-09-01 12:21:52

U.S. government awards TRM Labs $94.66 million no-bid crypto analytics contract

The U.S. government has awarded blockchain analytics firm TRM Labs a no-bid contract worth $94.66 million for cryptocurrency analysis services, according to Techub News, which cited Crypto Briefing. The contract centers on analytics work tied to digital assets and has already triggered a legal dispute. The case has also drawn attention to longstanding questions around transparency and fairness in government procurement. Based on the source material provided, no additional details were disclosed about the contracting agency, the legal claims involved, or the contract timeline beyond the published report.

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Federal Reser

2026-08-26 23:51:10

Fed Governor Lisa Cook again denies misconduct claims as Trump weighs renewed removal effort

Federal Reserve Governor Lisa Cook has again rejected repeated, unproven mortgage fraud allegations raised by Donald Trump, according to BlockBeats, citing Jin10. The dispute comes as Trump considers whether to revive an effort to remove Cook from the Federal Reserve Board, a move the report said would likely trigger another sharp legal fight over the Fed’s independence. In a letter sent to the White House on Wednesday, Cook’s lawyer called the allegations groundless and false. The letter said Cook had never committed mortgage fraud or any intentional misconduct, and argued there is no legal basis to remove her from the Federal Reserve Board. The latest exchange keeps the focus on the legal and institutional questions tied to any attempt to dismiss a sitting Fed governor.

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India

2026-07-25 12:48:37

India’s move to block Bitchat repositories on GitHub raises legal questions

India’s Ministry of Home Affairs has asked GitHub to restrict access to three code repositories tied to Bitchat, an offline Bluetooth messaging app backed by Jack Dorsey, setting off a legal debate over the scope of takedown powers. Authorities argued that Bitchat’s decentralized design allows it to function during internet shutdowns, which they said could facilitate illegal activity and make lawful interception harder. The request came as the app saw a sharp concentration of downloads in India. Data cited in the report showed the country accounted for about 85% of Bitchat’s global downloads between July 17 and July 23. That surge followed local protests by students over an exam leak, after which network restrictions were imposed. Legal experts said the law cited by the government does not clearly authorize the removal of an entire open-source project solely because of how the software works, rather than because of specific unlawful content. The report was cited by TechCrunch.

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