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Justin Sun fights with music mogul David Geffen over $78M sculpture

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Justin Sun has been accused of having “seller’s remorse” by movie and music mogul David Geffen after the controversial Tron founder filed a lawsuit accusing Geffen of buying a $78 million sculpture he says was stolen from him by his former art advisor. In the suit, filed earlier this week, Sun demands that Geffen return the artwork by the Swiss sculptor Alberto Giacometti or pay “very substantial damages.” The lawsuit claims that Sun’s former advisor, Xiong Zihan Sydney, forged Sun’s signature, fabricated lawyers overseeing the deal, and sold the art to Geffen’s representatives without Sun’s knowledge. It also argues that Geffen’s team should have spotted “obvious red flags” such as Xiong’s use of a personal Gmail account. However, lawyers representing the DreamWorks founder, who has also worked with the likes of Elton John, Aerosmith, and Neil Young, dismissed the suit as “ desperate and bizarre ,” and claimed that Sun simply has “seller’s remorse.” ...

ZachXBT says potential Pump Fun plaintiffs aren’t actual victims

Crypto sleuth ZachXBT has told the US law firm planning legal action against memecoin platform Pump Fun that its clients are “degenerate gamblers” and shouldn’t be seen as victims or investors. The comment was made via X in response to Burwick Law’s announcement on Wednesday that it was pursuing legal action on behalf of Pump Fun investors who have lost big to “memecoins, rugs, and unfulfilled promises.” ZachXBT said, “ degenerate gamblers willingly choosing to gamble on micro-cap meme coins are not actual victims or investors ” Burwick duly responded, claiming that memecoins are open to manipulation and aren’t comparable to regulated gambling. ZachXBT added if “silly lawsuits” arise, “perhaps I need to release a tutorial for people to fund addresses anonymously on-chain to cause chaos and make it harder for them to be sued .” This is a great point. Scratch-offs are regulated gambling, with clearly defined odds and no method for second...

Ripple: SEC Settlement Catapults XRP 23% as $0.65 Comes Into View

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A judge has ordered Ripple to pay just over $125 million in civil penalties, officially ending the SEC’s lawsuit & concluding that XRP is not a security. The lawsuit has gone on for two years, but the decision finally puts a nail into the lawsuit for good. Now that Ripple Labs has seen a favorable result from the lawsuit, XRP is soaring in price. At press time, Ripple XRP is trading at $0.6248, a 22% climb in the last 24 hours. Since Wednesday afternoon, the asset has climbed over 12 cents and isn’t slowing down. This result was expected, as many predicted XRP to soar following a win in the Ripple vs SEC lawsuit. Despite needing to pay a $125M fine, the overall result is a win for Ripple and all of crypto. Additionally, the demand for Ripple’s native cryptocurrency, XRP, has seen a sharp rebound in top cryptocurrency exchanges in the US. Kaiko Analytics shared a report showing that demand for XRP rose from less than 2% to 14% in a month. The rebound in demand for Ripple’s native ...