Citadel drops U.S. Portofino suit, eyes bankruptcy push
Three years of U.S. trade-secret litigation ends not on the merits but on a 5.98 million-pound London arbitration award Citadel says it cannot collect.
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Three years of U.S. trade-secret litigation ends not on the merits but on a 5.98 million-pound London arbitration award Citadel says it cannot collect.
The lawsuit hinges on whether 32 BTC sold across one May week qualifies as the kind of "notable" divestment the market was structured to capture.
The revived fraud claim targets Silbert personally and DCG as a defendant; consumer protection claims in four states were dropped, three others paused, narrowing the case to a sharper fight.
The amended complaint accuses Etana and CEO Dion Brandon Russell of running a 'Ponzi-like enterprise' funded by continuous new deposits — a structural failure that landed the custodian in Colorado…