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DeFi Accountability Issues Exposed By Binance Hack

By Alex Davidson

The $6.4 billion Binance hack has exposed how decentralized finance can help attackers move stolen assets beyond the reach of freezing powers, underscoring what's at stake in the U.K.'s review of financial crime risks linked to DeFi, lawyers say.


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Top Stories
  • Famous Italian scooter brand.
    Lambretta Owner Says Betrayal Fueled Brand Rights Grab

    By Eddie Beaver

    The company claiming ownership of the Lambretta brand told a court on Wednesday that a longtime licensee betraye...(read more)

  • Bratz Movie Stars Movie Studio on display at the American International Toy Fair in New York.
    Bratz Maker Fends Off Startup's £90M Antitrust Appeal

    By Sophia Dourou

    A startup toymaker failed on Wednesday to revive its claim against MGA Entertainment after the Court of Appeal r...(read more)

  • DWP Boss Says Admin Errors Likely To Be Inevitable

    By Martin Croucher

    The new top civil servant at the Department for Work and Pensions said Wednesday that more administrative errors are likely to be inevitable because of antiquated computer systems and the scale of the work.

  • Gov't To Probe Sky's £1.6B ITV Buy Over Public Interest

    By Najiyya Budaly

    The culture secretary said Wednesday that she will intervene in Sky Group's proposed £1.6 billion ($2.2 billion) purchase of the broadcast and streaming division of ITV to safeguard media plurality in the U.K.

  • Architect Cannot Block Builder's £7.3M Cladding Defect Claim

    By Isabel Jackson

    Architect Hawkins Brown cannot block United Living's £7.3 million ($10 million) claim over cladding defects at a London development, a court ruled Tuesday, finding the builder acted in good faith by excluding the allegations from an earlier dispute.

  • Ex-QPR Player Seeks £165K Over Docs Irwin Mitchell Withheld

    By Adele Redmond

    A professional footballer sought nearly £165,000 ($221,000) in wasted costs from Irwin Mitchell LLP on Tuesday, after the firm accepted that a former Irwin Mitchell solicitor negligently withheld documents from the Football Association that were relevant to the midfielder's racism claim.

  • CPS Prosecutor Rapped For Citing AI-Created Precedent

    By Max Austin

    A senior prosecutor at the Crown Prosecution Service has admitted to citing a made-up legal precedent during a High Court review over a child defendant, the agency's second slip-up this year over false submissions.

  • Netflix Can't Pause UPC Dispute Over Video Playback Patent

    By Max Austin

    Netflix has failed to pause an injunction won by a U.S. rival over a video streaming patent, with the Unified Patent Court ruling that a pending challenge at a European intellectual property authority was not reason enough to put the dispute on hold. 

  • Google AI Results May Infringe Publishers' IP, EU Court Told

    By Alex Baldwin

    An adviser to the European Union's top court urged justices on Tuesday to rule that the real-time retrieval and use of online press publications by AI chatbots to answer queries may infringe the rights of publishers, in a first-of-its kind copyright dispute against Google.

  • Gov't Warnings On Poundland May Prove More Bark Than Bite

    By Najiyya Budaly

    The government's threats to intervene if it finds Gordon Brothers tipped Poundland into insolvency lack legal force, lawyers say, but political pressure and directors' duties could save the retailer because ministers cannot force the owner to accept rescue bids.

  • New Cladding Law Puts Manufacturers In Litigation Crosshairs

    By William Janes

    Lawyers believe that the cladding remediation bill before Parliament will draw manufacturers into more building safety disputes by giving developers and contractors an easier route to recover repair costs, widening litigation over who ultimately pays to make residential buildings safe.

  • Allianz Loses 'Imminent' Fire Risk Appeal Over £4.2M Claim

    By William Janes

    Allianz failed to have an apartment block owner's £4.2 million ($5.6 million) fire safety repairs claim thrown out on Tuesday, with a London appeals court rejecting its challenge over whether the defects posed a threat of "imminent" damage.

  • Gov't Lays Out Major Reforms On 'Guided Retirement'

    By Joel Poultney

    The U.K. government on Tuesday proposed plans that would require retirement savings providers to offer people approaching retirement with default pension options.

  • Barrister Keeps Bias Claim Against Ex-Chambers Alive

    By Jamie Lennox

    A tribunal has refused to throw out a barrister's discrimination claim against his former chambers and multiple individuals, ruling in a decision released Tuesday that his claim is not bound to fail.

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Trending on Law360 UK

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  • New Cladding Law Puts Manufacturers In Litigation Crosshairs
  • FCA Sets Scope Of Review Into Its Treatment Of Whistleblower
  • FCA Sets Rules For Early Car Finance Compensation Offers
  • Gov't Warnings On Poundland May Prove More Bark Than Bite
  • Allianz Loses 'Imminent' Fire Risk Appeal Over £4.2M Claim
  • Hogan Lovells Largely Wins Privilege Row In HMRC Tax Probe
  • FCA Review Finds AI And Financial Crime Failings In Banks
 
 
 

From The Courtroom

  • BBC Says Amersi Called Uzbek Deals His 'Favorite' Graft Case
  • MSC Cruises Says Florida IP Suit Violates UK NDAs
  • Ex-Nigerian Governor Can't Lower £101.5M Confiscation Order
  • Russell Brand's Lawyer Says TV Report 'Poisoned' Justice
  • Taylor Woodrow Seeks Appeal In £33M Fire Defects Dispute
  • Russian Exec's Bankruptcy Set Aside In $25M Fight
  • Former GCHQ Intern Loses Bid To Cut Data Breach Sentence
  • Chinese Co. Calls UK Excavator Dumping Decision Irrational
  • Accused Celeb's Suicide Risk No Bar To Naming, Media Argue
  • Amec Says Skanska Owes £4.5M To Fix Faulty Pylon Bases
 
 
 

Expert Analysis

  • Garon Anthony
    Financial Firm Ruling Narrows Push Fraud Recovery Route
    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push paym... (read more)
  • Eloise Ryan
    'Peppa Pig' Ruling Broadens Global Copyright Relief
    The High Court's recent unusual decision in Hasbro v. Công to grant a panjurisdictional injunction shows that, in certain circumstan... (read more)
  • Daniel Erskine
    How AI Can Complicate Liability Limits In Contracts
    With the U.K. Jurisdiction Taskforce's recent legal statement on liability for harms confirming that contract clauses remain subject... (read more)
  • Rachael Healey
    Key Points From High Court Ruling On FOS Time Bar Rule
    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that... (read more)
  • Ricci Potts
    UK Top Court Eases Creditors' Path To Enforcing Foreign Debt
    The recent U.K. Supreme Court ruling in Drelle v. Servis-Terminal that an unrecognized and unregistrable foreign judgment may found ... (read more)
  • Read More Expert Analysis

 
 
 

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Latest News

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