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So, altogether, Ripps owes:
$6,983,432.62 for Yuga's fees
$1,375,362.92 disgorgement
$317,295.04 for Yuga's costs
$200,000 damages
$120,000 for Yuga fees awarded earlier
$??? for expert witness costs
$??? for special master report
= $8,996,090.58 and counting
In the Yuga Labs v. Ryder Ripps lawsuit, Ripps was ordered to pay attorneys fees on top of the ~$1.6M in disgorgement & damages. Yuga said Ripps owed $7.9M in fees. Ripps said ~$455K would be reasonable.
A special master was appointed, who's just said he'll need to pay $7M. Oof.
#YugaLabs #crypto #cryptocurrency
Just noticed my work was cited in SEC Commissioner Crenshaw's dissenting statement regarding the bitcoin ETF approval 😳
sec.gov/news/statement/crensha…
#bitcoin #SEC #crypto #cryptocurrency
![[16] See Molly White, Grayscale Bitcoin Trust: The Free Money Machine that Went into Reverse (Jan. 29, 2023), available at https://citationneeded.news/grayscale-bitcoin-trust-the-free/. (Highlighting that individual investor outcomes may be determined by the specific caprice of a small group of industry insiders).](https://inne.city/photo/preview/640/235 "[16] See Molly White, Grayscale Bitcoin Trust: The Free Money Machine that Went into Reverse (Jan. 29, 2023), available at https://citationneeded.news/grayscale-bitcoin-trust-the-free/. (Highlighting that individual investor outcomes may be determined by the specific caprice of a small group of industry insiders).")
SEC.gov | Statement Dissenting from Approval of Proposed Rule Changes to List and Trade Spot Bitcoin Exchange-Traded Products
Statement Dissenting from Approval of Proposed Rule Changes to List and Trade Spot Bitcoin Exchange-Traded Products Commissioner Caroline A. Crenshaw January 10, 2024sec.gov
Issue 48 – Bitcoin has "no chance" of going to the moon
Bitcoin ETF fakeouts, imaginary CEOs, and a bridge hack make for an eventful start to the new year.
citationneeded.news/issue-48/
#newsletter #CitationNeeded #crypto #cryptocurrency