Court Cases | ForkLog

ForkLog 13 25.12.2024

Montenegro Court Rejects Do Kwon’s Extradition Appeal

On December 25, a Montenegrin court dismissed the appeal by Terra founder Do Kwon to cancel his extradition. The decision to hand over the entrepreneur to authorities in the US or South Korea was delegated to the country’s Minister of Justice, Bojan Božović. The entrepreneur and his colleague, former CFO of Terraform Labs Han Chang-Joon, […]

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ForkLog 52 23.12.2024

US Prosecutors Seek 60-Year Sentence for NFT Fraudsters

Two California residents have been charged with NFT-related fraud resulting in damages amounting to $22 million, according to the US Department of Justice. According to court documents, Gabriel Hay, known by the aliases Mr. Handz and Vaultkeeper, and Gavin Mayo, known as Gavinm, launched fraudulent projects Vault of Gems and Faceless. Investors were promised high […]

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ForkLog 19 20.12.2024

Investors Sue HAWK Token Team Over Unregistered Securities

On December 19, a group of investors filed a lawsuit against the team behind the HAWK token, associated with meme figure Hawk Tuah, Hailey Welch. The defendants are accused of selling unregistered securities. The defendants include Tuah The Moon Foundation, which accepted payments from HAWK buyers, the entity responsible for launching the token overHere, its […]

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ForkLog 13 20.12.2024

Craig Wright Receives Suspended Sentence for Contempt of Court

On November 19, a UK court sentenced Craig Wright to a 12-month suspended sentence for contempt of court. He is also required to pay approximately $180,000 in legal costs within 14 days. The decision by Judge James Mellor follows a complaint from the Crypto Open Patent Alliance (COPA) lawyers in response to another lawsuit by […]

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ForkLog 20 20.12.2024

Tornado Cash Co-Founder Seeks Dismissal of Charges

Roman Storm, co-founder of the crypto mixer Tornado Cash, has requested a review of the denied motion to dismiss the case following a decision by the appellate court. In November, the U.S. Fifth Circuit Court of Appeals ruled that the OFAC exceeded its authority when imposing sanctions against the mixing service in 2022. Storm’s lawyers […]

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ForkLog 29 18.12.2024

Australian Regulator Accuses Binance of Consumer Rights Violations

Retail clients of Binance in Australia were not adequately protected from risky derivatives, resulting in significant losses. This was stated in a lawsuit filed by the ASIC. According to the complaint, from July 2022 to April 2023, Oztures Trading Pty Ltd (trading as Binance Australia Derivatives) mistakenly classified 505 clients—83% of its users—as “wholesale” investors. […]

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ForkLog 19 18.12.2024

Coinbase Cites Justin Sun Concerns in WBTC Delisting Decision

The delisting of WBTC was deemed a necessary measure to protect Coinbase and its users from risks associated with the project’s ties to Tron founder Justin Sun. This was stated by the exchange’s lawyers on December 17, as per their announcement. According to the platform’s latest arguments, the issue lies in the token’s connection to […]

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ForkLog 14 16.12.2024

Owner of Peanut the Squirrel Threatens Binance with Legal Action

Mark Longo, the owner of Peanut the Squirrel, along with his legal team, has issued a formal demand to Binance to cease using the image and name of his pet, which are registered trademarks. Mark Longo’s tweet announcing demands to Binance. Source: X. “This is the first of many such demands. I will defend my […]

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ForkLog 40 13.12.2024

US Crypto Trader Sentenced to Prison for Tax Evasion

On December 12, a court in the Western District of Texas sentenced local resident Frank Algren III to two years in prison for submitting false income data from bitcoin sales. “Frank Algren III made millions buying and selling bitcoins. But instead of paying the taxes he knew were due, he lied to his accountant about […]

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ForkLog 39 11.12.2024

Roger Ver Accuses US Authorities of Political Persecution

Roger Ver, the founder of Bitcoin.com, has accused the US government of politically motivated persecution due to his statements and role in promoting Bitcoin. Roger Ver is facing life in prison for revealing how the US government worked secretly to subvert cryptocurrency and prevent economic freedom. More people should hear this story. (0:00) Roger Ver […]

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ForkLog 25 05.12.2024

CFTC Secures Record $17.1 Billion in 2024

In 2024, the U.S. Commodity Futures Trading Commission (CFTC) secured and returned a record $17.1 billion, according to the agency’s report for the fiscal period. .@CFTC brought 58 new actions in fiscal year 2024 and had record monetary relief of over $17.1 billion, which included $2.6 billion in civil monetary penalties and $14.5 billion in […]

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ForkLog 48 04.12.2024

Roger Ver Challenges Tax Evasion Allegations Over Bitcoin Transactions

On December 3, Bitcoin.com founder Roger Ver filed a motion in a California federal court to dismiss a tax evasion case related to bitcoin transactions, initiated by the U.S. Attorney’s Office. He argues that the IRS-imposed exit tax for individuals renouncing U.S. citizenship with assets exceeding $2 million is unconstitutional and “incomprehensibly vague.” Ver renounced […]

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