Wozniak Wins Legal Battle Against YouTube, SEC Delays Ether ETFs, FTX Victims Speak Out
Summary:
Apple co-founder, Steve Wozniak, wins a legal battle against YouTube over manipulated videos involving his likeness that were used in a Bitcoin scam. The SEC delays decision on several Ether ETF applications due to lack of communication with fund issuers. Victims of failed crypto exchange FTX issue statements, affecting the upcoming sentencing of Sam Bankman-Fried.
Apple's co-founder, Steve Wozniak, has emerged victorious in a legal skirmish with YouTube regarding doctored videos that falsely represented him in 2020. The appellate court overruled a previous judgment that exonerated YouTube, leaving the door open for Wozniak to further pursue charges against the video platform and possibly instigate a shift in federal law defending such platforms from liabilities. In 2020, Wozniak, alongside 17 others including Bill Gates, Elon Musk, and Michael Dell, launched a court case against YouTube and Google after manipulated videos portraying a fraudulent scam gained traction on YouTube.
The U.S. Securities and Exchange Commission (SEC) has decided to delay its ruling on several pending Ether (ETH) exchange-traded fund applications from Hashdex and ARK 21Shares. The chances of approval for eight proposed Ether ETFs, including those from BlackRock, Grayscale, Fidelity, Invesco Galaxy, VanEck, Hashdex, and Franklin Templeton, have dwindled recently according to analysts and market commentators. The lack of interaction between the SEC and ETF issuers is purportedly responsible for this scepticism.
Ahead of Sam Bankman-Fried's sentencing this month, victims of the defunct crypto exchange FTX have released statements. Recent filings in the Southern District of New York's U.S. District Court revealed several victim impact statements specifically pertaining to FTX's former executives. The victims entrusted their savings to FTX, believing in the platform's integrity. They note that the impact of the event was not just financial, but also had significant psychological and emotional ramifications.
Bankman-Fried's sentencing is set for March 28, with the prosecution suggesting a prison term ranging from 40 to 50 years. His defense team, however, is advocating for a sentence of 6.5 years.
Please note that this article does not provide investment or trading advice. All investment and trading decisions carry inherent risks, and readers should do their own research before taking any actions. Additional reporting was provided by Geraint Price, Sam Bourgi, and Felix Ng.
Published At
3/20/2024 4:01:55 PM
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