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Cryptocurrency

US charges two Russians in hack of Mt. Gox crypto exchange

WASHINGTON, June 9 (Reuters) - The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox, one of the world's earliest, biggest and most widely publicized alleged bitcoin heists.The department in a statement said Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox, which collapsed in 2014 after losing what was then worth about half a billion dollars in cryptocurrency.The event was one of the first signs of how vulnerable exchanges...
Currencies

Drawing lines in a borderless world: applying Morrison to crypto

June 6, 2023 - As the number of litigations involving digital assets continues to rise, courts have increasingly grappled with how the U.S. securities laws apply to novel fact patterns that, in many instances, involve conduct occurring outside the U.S. Step one in this analysis is to determine whether they apply at all.The Supreme Court's landmark decision in Morrison v. National Australia Bank Ltd. sets forth the test for determining which transactions are sufficiently "domestic" to fall within the scope of the U.S. securities laws. 561 U.S. 247 (2010).The Morrison...
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