Court Cases | ForkLog

ForkLog 13 09.10.2024

Caroline Ellison Agrees to Surrender ‘Nearly All Assets’ to FTX

The bankrupt exchange FTX has filed a motion to approve a settlement with former Alameda Research CEO Caroline Ellison, under which she will surrender “nearly all her assets.” The court will review the motion on November 20. Ellison has agreed to hand over to FTX creditors everything remaining after government confiscation related to her criminal […]

AI translated

ForkLog 25 08.10.2024

Crypto.com Challenges SEC Following Wells Notice

The platform Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) to safeguard the future of the crypto industry in the country. Today, https://t.co/pFc4Pz9nFR filed suit against the SEC to protect the future of crypto in the U.S.: https://t.co/kXxyhF7zFe — Kris | Crypto.com (@kris) October 8, 2024 The decision came after […]

AI translated

ForkLog 34 08.10.2024

Former Investigator Sentenced to 16 Years for Record Bitcoin Bribe

Former investigator Marat Tambiev has been sentenced to 16 years in a penal colony for accepting a bribe exceeding 2718 BTC (7.3 billion rubles) and $1.5 million. This was reported by RBC. The ex-head of the investigative department of the Tverskoy district committee in Moscow will serve his term in a high-security facility. He is […]

AI translated

ForkLog 23 08.10.2024

Texans File Lawsuit Against Noisy MARA Mining Facility

A lawsuit has been filed against the mining company MARA (formerly Marathon Digital) due to noise from its facility near Granbury, Texas. More than twenty residents have claimed that the cryptocurrency mining farm is a “nuisance” causing “extreme discomfort and irritation.” The plaintiffs complain of “sensory, emotional, psychological impact, and health effects” due to the […]

AI translated

ForkLog 13 06.10.2024

IcomTech Founder Sentenced to 10 Years for Cryptocurrency Pyramid Scheme

Judge Jennifer Rochon of the Southern District of New York sentenced IcomTech cryptocurrency pyramid founder David Carmona to 121 months in prison. “David Carmona orchestrated the IcomTech cryptocurrency Ponzi scheme, preying on working-class individuals by promising them complete financial freedom in exchange for their hard-earned money. Carmona pledged to invest the victims’ funds in crypto […]

AI translated

ForkLog 36 04.10.2024

US SEC and DOJ Back Lawsuit Against Nvidia Over Crypto Miner Sales

The class action lawsuit against Nvidia, accusing the company of distorting financial results from graphics card sales to cryptocurrency miners, is set to proceed. This was stated to the US Supreme Court by the Department of Justice and the SEC in a filing. The legal battle has been ongoing since 2018, reaching the highest judicial […]

AI translated

ForkLog 19 04.10.2024

Cryptex Exchange Defendants Placed Under House Arrest

The Zamoskvoretsky District Court of Moscow has imposed pre-trial restrictions on three individuals accused in the case involving the criminal network of the cryptocurrency exchange Cryptex and the anonymous payment system UAPS. At the request of the investigative authorities, the alleged mastermind of the scheme, Alexander Tereshchenko, along with two accomplices, Ruslan and Roman Orekhovsky, […]

AI translated

ForkLog 19 03.10.2024

SEC Appeals Court Ruling in Ripple Case

The United States Securities and Exchange Commission (SEC) has challenged the August court ruling in its lawsuit against Ripple in the Second Circuit Court of Appeals. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed a Notice of Appeal of Judge Torres’s Ruling. pic.twitter.com/j8bLIZQ5LT — James K. Filan ???? (@FilanLaw) October 2, 2024 According […]

AI translated

ForkLog 20 03.10.2024

AT&T Faces Renewed Legal Battle Over $24 Million Cryptocurrency Theft

Telecommunications giant AT&T is once again facing court proceedings regarding its role in the theft of $24 million in cryptocurrency from Michael Terpin, founder of the bitcoin investor group BitAngels, through SIM card swapping. The relevant ruling was issued by the Ninth Circuit Court of Appeals. The incident occurred in 2018 when 15-year-old hacker Ellis […]

AI translated

ForkLog 10 01.10.2024

FTX Reorganization Plan Secures 94.5% Creditor Approval for $6.8 Billion Claims

Approximately 94.48% of FTX.com clients have voted in favor of the platform’s reorganization plan. Hearings for its approval are scheduled for October 7, reports The Block. The group of FTX.com clients has claims on assets valued at $6.83 billion. Roughly 89.1% of FTX.US users and about 95.88% of creditors in the “related to FTX.com services” […]

AI translated

ForkLog 14 27.09.2024

Court Rejects Tornado Cash Co-Founder’s Motion to Dismiss Case

The hearing against Tornado Cash co-founder Roman Storm is set to commence on December 2 in New York, following a judge’s decision to reject his motion to dismiss the case. In the US v. Storm (Tornado Cash) hearing just now, the court rejected the arguments in Storm’s motion to dismiss as a matter of law […]

AI translated

ForkLog 107 25.09.2024

Former Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison

A court has sentenced former Alameda Research CEO Caroline Ellison to two years in prison and the forfeiture of $11 billion on charges of fraud and money laundering, according to Bloomberg. The verdict was mitigated by Ellison’s “remarkable” cooperation in the investigation of former FTX CEO Sam Bankman-Fried, her former boss and partner. The defendant’s […]

AI translated

#Court Cases