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The contentious legal fight between Yuga Labs, the company behind the Bored Ape Yacht Club non-fungible token collection, and digital artist Ryder Ripps and his counterpart artist continues inside court, with Yuga Labs founder accusing Ryder Ripps of IP trademark infringement and cybersquatting. Outside the court matters, Ripps has ridiculed the Bored Ape founder, an act that has somewhat created a sensation on X. you cannot copy an nft — RYDER RIPPS 🔜 (@ryder_ripps) August 14, 2025 Ripps Mocks Bored Ape NFT Creator Greg In an August 14 blog post, Ryder Ripps tweeted that “nobody has made more money from my art than Eric Ball, nobody has spent more money on my art than Greg Solano.” In his X tweet, Ripps ridiculed Greg Solana, the founder of the Bored Ape NFT collection, for spending over $30 million on creating his Bored Ape NFT art and spending more than $3 million on top to defend it in court. Eric Ball is known for representing leaders in the blockcha...

Justin Sun, founder of the TRON blockchain, numerous stablecoins, owner of Poloniex, and adviser to HTX, has been celebrating a recent Chinese court victory against Chongqing Business Media Group. However, the question is, will the win benefit him outside of the Mainland? The odds are that it absolutely will not. According to a Chongqing court , Chongqing Business Media Group claimed that Sun was under investigation by the FBI and was suspected of insider trading. The court , however, found these claims to be “entirely unsubstantiated,” handing Sun victory on the grounds of defamation. Many of the claims originated in a Verge article from March of 2022 and since its publication, none have been retracted . Protos has previously reported on Sun’s false claims of diplomatic immunity and purported fixation on no moderation policies at BitTorrent. Scoop: Justin Sun falsely claimed diplomatic immunity in lawsuit Read more: Scoop: Justin Sun shot down BitTorrent moderatio...

Bankrupt crypto exchange FTX filed in Delaware bankruptcy court to sell certain trust assets worth about $744 million owned by Grayscale and Bitwise. According to a joint statement from FTX and its debtors, this initiative will help prepare for payments to creditors in US dollars and allow debtors to move to sell trust assets at a lower price quickly. The document also states that selling trust assets to one or more buyers in one or more sales will reduce the cost and delay of filing a separate solicitation for each proposed sale under the sales procedures. “Additionally, because the Debtors may sell the Trust Assets to one or more buyers in one or more sales, sales pursuant to the Sale Procedures will alleviate the cost and delay of filing a separate motion for each proposed sale.” Court filing In March, affiliated debtors FTX and Alameda Research filed a lawsuit against Grayscale Investments. So, the plaintiffs are demanding the release of funds for shareholders of the Gra...

The trial of FTX co-founder Sam Bankman-Fried for a multibillion-dollar fraud case has a diverse jury panel consisting of various professions and backgrounds, including a retired banker, a pediatric nurse, and a special education teacher.  The panel was selected on the second day of the trial in Manhattan after narrowing down from an initial list of 45 candidates.  Each potential juror had 60 seconds to introduce themselves and reveal their background, employment, and personal life details.  One juror was excused after disclosing their employment at a firm with investments in FTX and Alameda Research. District Court Judge Lewis A. Kaplan conferred with both the prosecution and defense teams before announcing the final list of jurors about 15 minutes later. Bankman-Fried faces allegations of diverting billions from FTX customer accounts for speculative trades via the linked hedge fund, Alameda Research.  He is also accused of allocating these funds for ...

Bad actors have flooded X, impersonating the bankruptcy claim agent for Celsius to scam claimants. Celsius users are targeted by a potential phishing email attack as the final court approval of its restructuring plan is anticipated on Oct. 2. Several users reported on X they had received phishing emails pretending to be from Stretto, the Claims Agent for the Celsius bankruptcy proceeding. A phishing email pretending to be sent by Stretto to Celsius claimants | Source: BleepingComputer One of the phishing emails shared with BleepingComputer was offering a creditor a 7-day exit window to claim their crypto frozen on Celsius. According to the details, the letter was sent using the address no-reply@stretto[.]com and passed Sender Policy Framework (SPF) checks. The report also says the email includes a link that routes victims to the phishing website claims-stretto[.]com, registered on Sept. 19, 2023. You might also like: Former Celsius executive pleads guilty to pri...

The legal industry has risen as a major beneficiary amid the financial downturn of several prominent cryptocurrency firms, garnering hundreds of millions in fees. According to a report on Sep. 5, professionals , including lawyers, accountants, and consultants, have amassed at least $700 million from the bankruptcy cases of major crypto entities in the past year. This substantial figure encompasses the fees incurred from the bankruptcy proceedings of five notable crypto companies: FTX, Celsius Network, Voyager Digital, BlockFi, and Genesis Global, from July 5, 2022, to July 31, 2023. As these cases continue to evolve, the total amount is expected to surge, especially with the forthcoming trial of Sam Bankman Fried in October. The data indicates that the legal experts engaged in the FTX case have been the primary beneficiaries, billing a cumulative amount of $326 million. Sullivan & Cromwell, the law firm overseeing FTX’s bankruptcy, has invoiced over $110 million in legal...

Numerous US-based client s of the defunct crypto lending firm, BlockFi, have reported being able to access their accounts following a directive from the US Bankruptcy Court for the District of New Jersey on Aug. 16. In an update on Aug. 17, BlockFi said it had initiated the withdrawal process for eligible users’ wallets in the US, conforming to the directives of the bankruptcy court , nine months after suspending withdrawals.  Even so, international users will have to wait longer as legal proceedings are ongoing but may change. Earlier today, we opened withdrawals of digital assets from BlockFi Wallet accounts for eligible client s in accordance with the authorization provided by the Court in the Wallet Order: https://t.co/wOc3Fk0VpH — BlockFi (@BlockFi) August 17, 2023 BlockFi said their decision to lift the suspension aligns with the Wallet Order issued by the court , which specifies eligible client s as U.S.-based BlockFi Wallet account holders who met specifi...

The Supreme Court bench asked the union government to file a report on whether the latter is capable of setting up a federal agency to investigate crypto-related crimes. The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet.  The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear guidelines around crypto currencies. The observation from the court came amid growing instances of criminal activities involving crypto currencies and directed the Union government to bring on record whether it plans to set up any dedicated federal agency to investigate such crypto criminal cases, the local daily reported. According to the report, Justices Surya Kant and Dipankar Datta said:  “You still don’t have any law, unfortunately. Do you have an agency at the national level to understand these cases and investigate them properl...