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The Strategy class action lawsuit has hit MicroStrategy (now operating as Strategy) again, after the company faced a massive $5.9 billion Bitcoin loss that investors claim was the result of MicroStrategy stock fraud. I think this is a very interesting setup. This latest and greatest legal battle centers on Michael Saylor Bitcoin losses and how Strategy has allegedly misled shareholders about crypto risk. This has also sparked an MSTR investor lawsuit over crypto stock manipulation tactics. When it rains, it pours, right? Pomerantz Law Firm class action announcement – Source: prnewswire.com Also Read: MSTR Slides as Strategy Bags 7,390 BTC, Faces Lawsuit, $1,800 Target Still In Sight Strategy Class Action Lawsuit Alleges Crypto Stock Manipulation Source: Bitcoin.com The case is a Strategy class action litigation that takes place in the United States by a complaint in the Eastern District of Virginia at docket 25-cv-00861. This latest and greatest complaint is aimed at the company ...

FTX Token (FTT) has posted impressive numbers over the past 30 days, increasing by 296.17% from its price of $1.05 on October 22.  In the past 24 hours, FTT, the native token of the disgraced FTX exchange, experienced a huge surge in value, amounting to 45%, most likely contributed by the recent developments surrounding its rival crypto exchange platform, Binance. At the time of press, FTT was trading at $4.26, representing an impressive 43.24% positive increase in the 24-hour period, which followed a 21.08% increase over the 7-day period. FTT 24-hour price chart. Source: Finbold This value increase comes from solid indicators in the same period, where it has outperformed 89% of the top 100 crypto assets in a year. Also, FTT has had 18 green days in the previous 30 days and is trading above the 200-day moving average simultaneously. Cryptocurrency Here’s how much BNB is down after CZ resigns as Binance CEO Cryptocurrency FTX plans to sell $10...

While Protos, by virtue of being a news outlet, has avoided the truly unhinged and off-base takes making waves on X and YouTube regarding the Sam Bankman-Fried case, they’re worth disc US sing for one reason. Namely beca US e many people seem to believe in their hearts that — despite a disastro US trial, SBF being forced back to jail during his bail, and witnesses for days testifying against Bankman-Fried — the alleged fraudster will soon walk free. Let me add here that I have no special insight, am not a lawyer, and anything is possible in the world of criminal trials. On that note, there is almost no chance that Sam Bankman-Fried walks away free from this court case. The odds are in the prosecution’s favor According to Pew Research data, while nearly 90% of federal court cases end in guilty pleas, only 2.3% went to trial, and of those 80% ended in convictions. Generally, the best move for a defendant facing federal charges is to strike some sort of deal with th...

Self-proclaimed Bitcoin creator Craig Wright will reportedly face a number of civil sanctions after incorrectly filling out a financial disclosure statement related to a 2021 Legal battle with the estate of his late business partner, reports Coindesk. Wright was ordered to pay a total of $143 million in damages to the estate of Dave Kleiman after a court found the Australian entrepreneur guilty of conversion — that’s passing off somebody else’s property or idea as your own. In this case, the claim related to unspecified intellectual property that Wright took from W&K Info Defense Research, the company he and Kleiman founded in 2011. Jury sides with Craig Wright in $200B Bitcoin case but he still owes $100M Read more: Craig Wright claims no bank account but uses credit card for $38K living costs As part of the ongoing dispute, Wright was required to comply with a Compulsion Order and fill out a financial disclosure form by April this year. This form is required to ...

Alleged multi-billion-dollar fraudster Sam Bankman-Fried is reportedly preparing to offer a group of friends and former colleagues up to $1,200 an hour to testify on his behalf at his October trial. As reported by Bloomberg Law, according to a letter filed in New York earlier this week, the group of up to seven ‘expert witnesses’ will be asked to shed light on campaign finance laws, FTX and its software, and hedge fund affiliate Alameda Research. Among the witnesses are former Federal Election Commission chairperson Bradley Smith who’ll speak about US campaign finance laws and straw donors, and consultant Peter Vinella who’ll claim that many of the allegations levelled at  Bankman-Fried are, in fact, “widely-accepted practices in the financial services industry.” Professor Andrew Di Wu, another potential expert, would testify on blockchain technology and the 2022 Crypto market collapse . However, prosecutors could yet block these witnesses from taking the stand. While the U...