Court Cases | ForkLog

ForkLog 28 04.12.2024

Former Celsius CEO Admits Guilt on Two Charges

Former Celsius CEO Alex Mashinsky admitted guilt on two of seven charges—commodity fraud and manipulation of the CEL token price. “I said that Celsius had received approval from regulators. That was a lie. I lied about not selling my CEL tokens. I take full responsibility for my actions,” Mashinsky stated on December 3 at a […]

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ForkLog 33 02.12.2024

Founder of Hydra Store Sentenced to Life Imprisonment in Russia

The Moscow Regional Court has sentenced Stanislav Moiseev, the founder of a store on the darknet marketplace Hydra, to life imprisonment and a fine of 4 million rubles, as reported by Interfax. Fifteen of Moiseev’s accomplices received sentences ranging from eight to 23 years, with fines totaling 16 million rubles. All individuals involved in the […]

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ForkLog 38 29.11.2024

Former Binance Employee Accuses Management of Bribery

Amrita Shrivastava, who worked at Binance Holdings from 2022 to 2023, has filed a lawsuit against the company’s UK division, alleging bribery and unfair dismissal. This was reported by Bloomberg. The document states that she became aware of a colleague receiving bribes from a client under the guise of providing consulting services. Since then, the […]

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ForkLog 15 28.11.2024

Anonymity is not a crime: a legal analysis of the new Tornado Cash ruling

On November 26, the U.S. Court of Appeals for the Fifth Circuit vacated the sanctions imposed by OFAC on the Tornado Cash cryptocurrency mixer. The opinion is well reasoned—compared with the district court, it shows a deeper and clearer understanding of the project’s structure and how the protocol operates. Moreover, the court addressed a number […]

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ForkLog 27 27.11.2024

Ukrainian Security Service Colonel Sentenced to 10 Years for Extorting Illegal Miners

On November 27, Ukraine’s High Anti-Corruption Court found an operative of the DCIB SBU guilty of extortion and receiving $60,000 in cryptocurrency for the return of equipment to illegal miners. According to case materials, in July 2022, the SBU officer demanded a bribe of $60,000 from an entrepreneur in exchange for assistance in returning ASIC […]

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ForkLog 22 27.11.2024

US Court Deems Sanctions Against Tornado Cash Unlawful

The US Fifth Circuit Court of Appeals has ruled that the OFAC overstepped its authority in imposing sanctions on the cryptocurrency mixer Tornado Cash, as reported by The Block. The previous district court decision has been overturned. “Immutable smart contracts of Tornado Cash (lines of code ensuring privacy) do not constitute ‘property’ of a foreign […]

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ForkLog 30 23.11.2024

Tornado Cash Developer’s Detention Extended

A court has extended the pre-trial detention of Alexey Pertsev, the developer of the cryptocurrency mixer Tornado Cash. I am sad to announce that, despite our best efforts, the court decided to prolong my pre-trial detention. This decision significantly complicates my ability to prepare for the appeal, but I remain determined to continue fighting for […]

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ForkLog 29 22.11.2024

Creator of ‘Chill Guy’ Meme Threatens Legal Action Against Token Developers

The artist behind the ‘Just a Chill Guy’ meme, known as PhillipBankss, has threatened legal action against token creators using the image without permission. Source: X. On November 15, the Solana network launched the Just a Chill Guy (CHILLGUY) token. The token gained popularity, reaching a peak market capitalization of $580 million. At the time […]

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ForkLog 28 20.11.2024

Shaquille O’Neal Settles Astrals NFT Investor Lawsuit for $11 Million

Basketball legend Shaquille O’Neal paid $11 million to settle a class-action lawsuit from investors of the NFT project Astrals. On May 23, 2023, during a basketball game at the FTX Arena (renamed Kaseya Center), O’Neal, who was commentating on the event, was served with a double subpoena. He was accused of promoting the Astrals NFT […]

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ForkLog 21 19.11.2024

Heather Morgan Sentenced to 18 Months for Bitfinex Hack Involvement

A US federal court has sentenced Heather Morgan to 18 months in prison for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016, reports CoinDesk. Her husband, Ilya Lichtenstein, who orchestrated the attack, received a five-year sentence on November 14. The couple was arrested in February 2022, when authorities seized 94,643 […]

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ForkLog 20 15.11.2024

Bitfinex Hacker Sentenced to Five Years in Prison

On November 14, a U.S. court sentenced Ilya Lichtenstein to five years in prison for laundering money obtained from the 2016 Bitfinex exchange hack. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022 on suspicion of involvement in the attack on the exchange. At that time, authorities seized 94,643 BTC (approximately $3.6 billion […]

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ForkLog 9 15.11.2024

US Authorities Accuse SEC of Overreaching in Crypto Crackdown

Attorneys general from 18 US states and the DEF have filed a lawsuit against the SEC and its five commissioners, accusing them of unconstitutional overreach and unfair persecution of the crypto industry. The case has been filed in the District Court for the Eastern District of Kentucky. ?SCOOP: 18 U.S. states have filed to sue […]

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