#lawyer
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John Deaton, a prominent lawyer and cryptocurrency advocate known for defending Ripple in court, is contemplating a run as a Republican candidate in the Massachusetts Senate race. This was confirmed by political strategist Jim Conroy, who recently discussed the upcoming elections with Deaton. 
Affected by the Azuki “Elementals” NFT incident (similar artworks, errors in the artwork, and collector dissatisfaction), the NFT market fell sharply again in the past 24 hours.
BAYC fell 16%, MAYC fell 20%, and Azuki fell 11%.
Earlier this year, Azuki NFTs gained significant popularity, surpassing even BAYC NFTs.
Meanwhile, AzukiDAO has proposed to recover 20,000 ETH from Azuki founder ‘Zagabond’.
The proposal suggests hiring a lawyer to take legal action against Zagabond for their alleged involvement in multiple “rug” projects. The aim of the clawback is to retrieve $39 million worth of ETH that was earned from the controversial launch of “Elementals” NFT collection.
As of now, the action has received support from 88.3% of AzukiDAO (BEAN) token holders, with 11.65% opposing it. The voting period for the proposal will conclude at 6:38 am UTC on July 3rd. 
John Ray III, the newly appointed CEO of the beleaguered FTX exchange, has dropped some hints that a potential revival of the exchange may be in the works. Ray, who took over the reins to navigate FTX's bankruptcy proceedings, indicated earlier this year that a resurgence was not off the table.
Recent billing reports reveal intriguing developments - Ray spent 6.7 hours working on aspects related to "2.0," thought to signify the possible relaunch of the exchange as FTX 2.0.
As of now, tangible evidence supporting the exchange's resurrection is scant, with only theoretical remarks and internal plans to go by. However, Ray hasn't entirely dismissed the prospect, stating in January, "Everything is on the table. If there's a feasible way forward, we'll not only explore it, we'll undertake it."
In a conversation in April, FTX's chief lawyer, Andy Dietderich, floated the idea that the crypto exchange could potentially spring back into operation. Such a move would demand substantial capital infusion and could even provide customers with stakes in the future exchange. However, Dietderich clarified that this is merely one of numerous possibilities and nothing has been finalized yet.
Venture Capital firm Tribe Capital has reportedly shown interest in spearheading a funding round to reboot the exchange. 
At Genesis' first bankruptcy hearing, the company's lawyer expressed confidence that it would resolve its disputes with creditors by the end of the week. Genesis plans to exit the bankruptcy in 4 months from now.
The company plans to pay employees and vendors first, and then to auction off its assets to pay creditors by May. A simple calculation of the math shows that Genesis holds $5 billion in assets and liabilities, while its debt estimates to $3.4 billion. 
John Reed Stark, a lawyer and former SEC enforcement chief, has labeled the effort by the leadership of the now-bankrupt crypto exchange FTX and its associated legal firms to relaunch the platform as blatant fraud. He predicts that by the end of 2024, each attorney involved in this case will afford to buy a luxury beach house, effectively financed by the funds of FTX users. 
Hong Kong police have arrested Joseph Lam, a crypto influencer and former lawyer, in connection with the ongoing investigation into cryptocurrency exchange JPEX. Lam, who has over 190,000 Instagram followers, was arrested today and his office was raided. The arrest follows the Securities and Futures Commission's warning against JPEX for misleading statements about its licensing status. The police have received at least 83 complaints involving JPEX, with virtual assets worth about HK$34 million ($4.3 million) reported. 
Twitter Threatens Legal Action Against Threads
Twitter has sent a legal notice to Meta, the parent company of Instagram, regarding its recently introduced text-based platform named Threads. Twitter’s lawyer, Alex Spiro, sent a letter to Meta CEO Mark Zuckerberg accusing the company of unlawfully poaching former Twitter employees to create a “copycat” application. 
A New York court has issued a ruling allowing the former chief executive of FTX to use messaging apps, but with some restrictions.
?No Signal and other apps with disappearing or hidden chat features
?Ban on contacting FTX or Alameda employees
?Communication is allowed only in the presence of counsel
How will Sam now send some meaningful messages under the watchful eye of the accusing party's lawyer? Does he know any secret language? We'll see soon enough. 1 - 19 of 19 results