The U.S. District Court for the Southern District of New York rejected the defendants' motion to dismiss in the TradeAI/Stakx case, and the case will proceed. The case was brought by Burwick Law, alleging that multiple defendants operated a Ponzi scheme causing losses exceeding $20 million, with a total scheme value of approximately $440 million. The judge ordered the defendants to disclose their addresses, or they will face a default judgment.

The U.S. Ninth Circuit Court of Appeals rejected Kalshi's emergency motion, allowing Nevada to continue enforcing a temporary restraining order against its sports event contracts business. Kalshi is prohibited from operating for the next 14 days. This incident may trigger jurisdictional disputes between federal and state law and impact the development of prediction markets.

The Northern District of California Federal Court rejected a motion by user Roger Metz to quash an IRS summons, ruling that the proper notice to the Attorney General was not provided. The summons requires the CEX to produce its 2022 tax records. The court stated that the dismissal does not affect substantive rights, and Metz may resubmit the application at a later date.

The Seoul Central District Court in South Korea rejected a motion for a preliminary injunction filed by the Flow Foundation and Dapper Labs against three exchanges, supporting their termination of FLOW trading. The court determined that there was insufficient evidence and prioritized investor protection. FLOW remains tradable on Korbit, but has been delisted from the other three exchanges.

Chen Zhi's lawyer filed a motion with the U.S. Federal Court in New York to dismiss the government's seizure of the Bitcoin he controls, arguing that there is a lack of evidence supporting the fraud charges and questioning the timeline of the seizure. Last year, the U.S. Department of Justice announced the forfeiture of 127,271 Bitcoins, worth approximately $15 billion. Human rights organizations warn that after the scam camp was shut down, many trafficked workers face the risk of re-sale.

Vancouver city government employees recommend terminating the "Bitcoin Friendly City" motion due to regulations prohibiting Bitcoin from being used as a municipal reserve asset. The motion was proposed by Mayor Ken Sim and aimed to explore the possibility of accepting cryptocurrency for taxes and converting financial reserves into Bitcoin, but it is restricted by provincial laws.

The U.S. Department of Justice must respond to the motion for expedited payment of "illegal tariffs" refunds by February 27. Over 2,000 corporate cases have already been filed with the International Trade Court. The Supreme Court ruled that the tariffs imposed by Trump were illegal, and the federal court system must decide on the next steps within a month.

Former FTX CEO Sam Bankman-Fried (SBF) filed a motion with the court on February 10th, requesting a retrial, accusing the U.S. Department of Justice of withholding evidence and requesting the original trial judge to recuse himself, emphasizing that FTX has the ability to repay customer deposits, and stating that multiple witnesses refused to testify due to pressure from the Department of Justice.

New developments have emerged in the legal storm triggered by the collapse of FTX. Some users of the bankrupt crypto platform have reached a settlement with Silicon Valley law firm Fenwick & West, bringing a temporary end to allegations that the firm assisted in perpetrating fraud. According to joint filings submitted to the U.S. District Court in Florida, both parties plan to submit a formal settlement agreement by February 27, pending court approval. Until the final outcome is reached, related procedures and motions will be postponed, and specific monetary terms have not been disclosed. This case stems from FTX's sudden collapse in November 2022, which froze assets of millions of users and triggered multiple rounds of class-action lawsuits. The plaintiffs allege that Fenwick & West provided "substantial assistance" in the company's structural design, compliance pathways, and internal arrangements, enabling misconduct to persist over time. They also claim the law firm was aware of client fund commingling and the blurred boundaries between FTX and Alameda Research. Fenwick & West has consistently denied these allegations, emphasizing that its services were routine legal consultations. Nonetheless, the court previously rejected its motion to dismiss, allowing the case to proceed and paving the way for this settlement.

Federal prosecutors stated that the trial of Tornado Cash developer Roman Storm is legitimate, and the judge should not consider his plea of not guilty. The Department of Justice rebutted Storm's motion for release, claiming there is sufficient evidence to prove he created and controlled a sanctioned Crypto Assets mixing service.