Court Cases | ForkLog

ForkLog 123 11.11.2024

Crypto seizure and confiscation: how it works in practice

Seizing cryptocurrencies seems impossible, not least because of the distributed nature of blockchains. Yet, in practice, Russian courts not only issue the relevant orders, they also see them carried out. The SHARD team looked into how this is done. Seizure and confiscation: what is the difference Issues of seizing and confiscating cryptocurrencies have repeatedly reached […]

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ForkLog 35 11.11.2024

FTX Seeks $1.8 Billion from Binance in Legal Pursuits Against 23 Firms

The bankrupt cryptocurrency exchange FTX has recently filed 23 lawsuits in Delaware’s bankruptcy court against various companies and individuals to recover funds for creditors, reports Bloomberg. Binance In the lawsuit against Binance Holdings Ltd. and its founder Changpeng Zhao (CZ), FTX’s lawyers demand the return of $1.8 billion paid during a stock buyback in 2021. […]

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ForkLog 24 10.11.2024

Bitcoin Fog Operator Sentenced to 12.5 Years for Money Laundering

A US court has sentenced Roman Sterlingov, the operator of the cryptocurrency mixer Bitcoin Fog, to 12.5 years in prison for laundering over $400 million in digital assets from 2011 to 2021. In March, a jury found him guilty of conspiracy to commit money laundering, money laundering, and two counts related to operating an unlicensed […]

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ForkLog 7 08.11.2024

Alameda CEO Begins Sentence as FTX Co-founder Aids Government Efforts

Gary Wang, co-founder of the defunct FTX, is assisting the U.S. government in developing software for oversight and fraud prevention. This information emerged from court documents. Wang’s defense disclosed his involvement in two projects: one aimed at detecting potential scams in public markets, and another focused on identifying illegal activities on cryptocurrency trading platforms. These […]

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ForkLog 7 05.11.2024

Binance Lawyers Seek Dismissal of SEC’s Revised Complaint

Lawyers representing Binance and its former CEO Changpeng Zhao have filed a motion to dismiss the amended complaint by the SEC. “The SEC verbally acknowledges the court’s decision that crypto assets are not ‘securities’ in themselves, yet refuses to accept the logical conclusion from it,” the document states. On June 29, Judge Amy Berman Jackson […]

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ForkLog 12 04.11.2024

Russia Issues First Conviction for Cryptocurrency Fraudsters

On November 1, the Smolninsky District Court of St. Petersburg found the director and three coaches of the “Escada Asset Management Business School” guilty of fraud, having stolen over 55 million rubles from citizens. This was reported by Kommersant. According to the case materials, the organization operated from January 2019 to April 2020. Robert Aloyan […]

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ForkLog 6 02.11.2024

Trial of Tornado Cash Co-Founder Postponed to April 2025

Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York has postponed the trial of Tornado Cash co-founder Roman Storm to April 14, 2025, as reported by CoinDesk. A hearing regarding the disclosure of expert witnesses is scheduled for November 12. The parties will have four months to resolve […]

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ForkLog 17 01.11.2024

Immutable Receives Wells Notice from SEC

The blockchain gaming company Immutable has received a Wells Notice from the SEC, as stated in its blog. The firm attributes the regulator’s claim to the listing and private sales of the IMX token in 2021. “We are disappointed that the Commission recently sent us a Wells Notice, which lacks specific allegations of securities law […]

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ForkLog 37 28.10.2024

Green United Promoter to Challenge SEC Fraud Allegations

Christopher Cron, the chief promoter of cryptocurrency mining equipment manufacturer Green United, has filed an appeal against the SEC lawsuit accusing the company of an $18 million securities fraud. This was reported by Cointelegraph. Cron argues that the regulator’s claims regarding the company’s investment contracts being classified as securities are incorrect. He intends to challenge […]

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ForkLog 15 28.10.2024

FTX Withdraws Lawsuit Against Bybit in $228 Million Settlement

The bankrupt cryptocurrency exchange FTX has withdrawn its lawsuit against Bybit, its executives, and its investment arm Mirana as part of a settlement that will secure approximately $228 million for future creditor compensation, reports The Block. Negotiations spanned several months. The settlement entails FTX reclaiming $175 million in cryptocurrencies held on Bybit and selling over […]

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ForkLog 16 25.10.2024

Ripple Seeks Court Review in SEC Dispute

Fintech firm Ripple has filed a preliminary civil appeal statement in its legal battle with the U.S. Securities and Exchange Commission (SEC). #XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed the Civil Appeal Pre-Argument Statement (Form C). The relevant pages are below. pic.twitter.com/usm3fCjG20 — James K. Filan ???? (@FilanLaw) October 25, 2024 This move was […]

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ForkLog 14 24.10.2024

Binance CEO Comments on Tigran Gambaryan’s Release

Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, Tigran Gambaryan, has left Nigeria after eight months of detention. This was confirmed by his family to CoinDesk. The CEO of the trading platform, Richard Teng, commented on his colleague’s release. We are deeply relieved and grateful that Tigran Gambaryan has finally been released […]

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