Court Cases | ForkLog

ForkLog 38 23.10.2024

Charges Dropped Against Binance Executive Tigran Gambaryan

The Nigerian government has dropped all charges against Tigran Gambaryan, a senior executive at the cryptocurrency exchange Binance. This was reported by local media. The decision was announced during a closed session of the Federal High Court in Abuja on October 23 by the prosecutor representing the Economic and Financial Crimes Commission (EFCC). October 24, […]

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ForkLog 15 22.10.2024

Former Mine Digital CEO Accused of Embezzling $1.5 Million from Client

The Australian Securities and Investments Commission (ASIC) has charged former CEO of the crypto exchange Mine Digital, Grant Colthup, with embezzling 2.2 million AUD ($1.47 million) from a client attempting to purchase bitcoins. Following an ASIC investigation, the ex-CEO of crypto exchange Mine Digital has been charged with fraud in connection with a $2.2 million […]

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ForkLog 52 20.10.2024

US Attorneys General Urge Biden to Aid in Release of Tigran Gambaryan

A coalition of attorneys general from 18 states has appealed to US President Joe Biden and Secretary of State Antony Blinken to designate Binance executive Tigran Gambaryan as a hostage. “In light of the alarming circumstances surrounding the unlawful detention of Tigran Gambaryan in Nigeria, I support my colleagues in urging the Biden administration to […]

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ForkLog 23 19.10.2024

Indian National Sentenced to Five Years for $20 Million Coinbase Fraud

Indian citizen Chirag Tomar has been sentenced to five years in prison for orchestrating a $20 million cryptocurrency fraud involving a fake website of the bitcoin exchange Coinbase. Court documents reveal that from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from hundreds of victims through a counterfeit version of […]

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ForkLog 20 18.10.2024

SEC Seeks Reconsideration in Ripple Case

The United States Securities and Exchange Commission (SEC) has taken steps to appeal previous court decisions regarding the distribution of Ripple’s XRP token. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed the Civil Appeal Pre-Argument Statement (Form C) with attachments.https://t.co/LpSFIjMZhC — James K. Filan ???? (@FilanLaw) October 17, 2024 The agency submitted a Civil […]

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ForkLog 10 17.10.2024

US Authorities Seek Five-Year Sentence for Bitfinex Hacker

US prosecutors have requested a 60-month prison sentence for Ilya Lichtenstein, who hacked the Bitfinex cryptocurrency exchange for 119,754 BTC in 2016 and laundered the stolen assets. The recommended sentencing guidelines for the charges range from 121 to 151 months. Authorities justified the reduced sentence by citing the defendant’s cooperation in investigations beyond his own […]

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ForkLog 30 13.10.2024

Former FTX Executive Ryan Salame Begins Prison Sentence

Ryan Salame, the former head of the Bahamian division of the cryptocurrency exchange FTX, has arrived at a federal prison in Cumberland, Maryland, to begin serving his sentence, according to The Block. Previously, the former executive joked about having an “exciting week” ahead. He added that he hadn’t “made friends at camp” in 20 years […]

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ForkLog 11 11.10.2024

Nigerian Court Again Denies Bail to Binance Executive

A judge in Abuja has rejected a bail application for Tigran Gambaryan, Binance’s Vice President for Global Intelligence and Investigations, according to an email from a family representative to ForkLog. The decision was made despite clearly demonstrated medical grounds and contradicts established judicial practices in Nigeria, the press release stated. Gambaryan, a US citizen, and […]

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ForkLog 12 11.10.2024

Tezos Stakers Renew Legal Battle Against US Tax Authority

Tezos validator Josh Jarrett and his wife Jessica from Tennessee have filed a new lawsuit against the IRS concerning the taxation of tokens created through staking. In their complaint, the couple argues that such assets should be considered newly created property, with tax liabilities arising only upon sale. They compared tokens received from staking to […]

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ForkLog 7 11.10.2024

US Prosecutors Seek 18-Month Sentence for Bitfinex Hack Accomplice

US prosecutors have requested an 18-month prison sentence for Heather Morgan for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016. In 2022, law enforcement arrested the couple involved in the hack—34-year-old Ilya Lichtenstein and 31-year-old Morgan. They seized over 94,000 BTC valued at $3.6 billion at the time. The couple […]

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ForkLog 23 10.10.2024

US Authorities Recognize Bitfinex as Sole Victim of 2016 Exchange Hack

Currently, Bitfinex stands as the sole claimant for compensation from the 2016 hack, which saw the theft of 119,754 BTC from the platform. This is according to court documents. The US government stated it is unaware of any other parties entitled to compensation. However, authorities will proceed cautiously to ensure no potential victim is overlooked. […]

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ForkLog 11 09.10.2024

Elderly American Ordered to Pay Nearly $14 Million for Crypto Pyramid Scheme

A Las Vegas court has sentenced 86-year-old former attorney David Keagle from California to a five-year suspended sentence for orchestrating a cryptocurrency pyramid scheme. The defendant will pay approximately $13.95 million in restitution. In May, he pleaded guilty to a single charge. Keagle is currently in hospice care at a Las Vegas nursing home due […]

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