Court Cases | ForkLog

ForkLog 61 28.01.2025

Kyiv Court Orders Block on Kuna Exchange at BEB’s Request

Since January 22, the cryptocurrency exchange Kuna has been blocked in Ukraine by order of the State Special Communications Service, following a decision by the Shevchenko Court of Kyiv. According to published documents, the lawsuit was initiated by the Bureau of Economic Security (BEB). Providers have been instructed to restrict access to the domain name […]

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ForkLog 14 27.01.2025

SEC Secures Partial Victory in Kraken Case

On January 24, California federal judge William Orrick dismissed one of the defenses put forth by the cryptocurrency exchange Kraken in its case against the SEC. The trading platform invoked the major questions doctrine to argue that Congress had not granted the regulator authority over cryptocurrencies. This U.S. Supreme Court decision had previously been employed […]

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ForkLog 20 24.01.2025

WazirX to Discuss Compensation with Hack Victims

A Singaporean court has granted the Indian cryptocurrency exchange WazirX the right to organize a meeting with clients affected by the hack in July 2024. This was reported on the platform’s blog. During the online meeting, representatives of Zettai, the Singaporean company operating the exchange, plan to discuss with users a debt restructuring scheme and […]

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ForkLog 22 24.01.2025

Better Markets Backs SEC in Ripple Case

Better Markets has thrown its support behind the U.S. Securities and Exchange Commission (SEC) in its legal battle with Ripple Labs. The organisation argues that the decision in the XRP case undermines investor protection. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple Better Markets Inc. has filed an Amicus Brief in Support of the @SECGov.https://t.co/cu8lTLBqtM — James […]

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ForkLog 39 22.01.2025

Court Overturns Sanctions Against Tornado Cash Mixer

On January 21, the U.S. Fifth Circuit Court of Appeals overturned the sanctions against the cryptocurrency mixer Tornado Cash, imposed by the OFAC in 2022. The case has been sent back to the District Court for the Western District of Texas for further proceedings in light of the appellate decision. Earlier, the panel of judges […]

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ForkLog 34 22.01.2025

Market Maker CLS Global Admits to Sham Trading of FBI’s AI Token

The UAE-based cryptocurrency market maker, CLS Global, has admitted to facilitating sham trading and market manipulation in favor of the NexFundAI token, created by the FBI to detect fraud. This was reported by the US Department of Justice. As part of a deal with authorities, the company confirmed its involvement in providing services to attract […]

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ForkLog 86 21.01.2025

Hamster Kombat Partner Ordered to Pay 2.5 Million Rubles in Business Dispute

The Arbitration Court of St. Petersburg and Leningrad Region has ordered the alleged co-founder of the Telegram clicker Hamster Kombat, Eduard Gurinovich, to pay 2.5 million rubles following a lawsuit by a Tyumen entrepreneur. The case was reviewed by the first instance in December 2024. According to the ruling, in April 2023, the plaintiff, Viktor […]

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ForkLog 22 17.01.2025

Irkutsk courts confirm 650 million rubles in damages from crypto mining

Over the past five years, Irkutskenergosbyt won 1,348 court cases against miners who illegally used electricity, for a total of nearly 650 million rubles. The rulings have taken effect and the defendants were ordered to pay damages. 104 claims were paid before judgments were handed down. In all, the utility filed 2,113 lawsuits against “grey” […]

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ForkLog 22 16.01.2025

Burwick Law readies suit against Pump.fun on behalf of investors who lost “significant sums”

New York firm Burwick Law said it is preparing a lawsuit against Pump.fun on behalf of memecoin investors who lost “significant sums”. **LEGAL ACTION ALERT: PUMPDOTFUN** Burwick Law is pursuing legal action on behalf of investors in pumpdotfun memecoins. If you lost money on any pumpdotfun memecoins, you may be entitled to compensation. Read more […]

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ForkLog 38 16.01.2025

US Justice Department fines BitMEX $100m for Bank Secrecy Act breaches

HDR Global Trading Limited, the operator of the BitMEX crypto-derivatives exchange, was fined $100m in the United States for violating the Bank Secrecy Act. Global cryptocurrency exchange BitMEX fined $100 million for violating Bank Secrecy Acthttps://t.co/eU2zem7JRP — US Attorney SDNY (@SDNYnews) January 15, 2025 The company behind the platform deliberately failed to develop and implement […]

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ForkLog 34 16.01.2025

US authorities to return 94,643 BTC stolen from Bitfinex

US prosecutors have asked a court for permission to return to Bitfinex almost 80% of the 119,754 BTC stolen in the 2016 hack, according to a request. If approved, authorities will transfer 94,643 BTC to the platform, seized from hacker Ilya Lichtenstein’s wallet, in kind. The move also covers corresponding amounts in Bitcoin Cash, Bitcoin […]

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ForkLog 30 15.01.2025

Tether sues Swan Bitcoin over bitcoin-mining venture

Stablecoin issuer Tether has filed a lawsuit against crypto finance firm Swan Bitcoin, alleging a “material breach” of agreements for a joint bitcoin-mining venture, Cointelegraph reported. In 2022 the partners formed a JV called 2040 Energy to mine cryptocurrency. Under the arrangement, Tether provided financing and Swan handled operations. In September 2024 the latter accused […]

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