Court Cases | ForkLog

ForkLog 11 04.07.2024

Coinbase Challenges SEC’s Attempt to Shield Gensler’s Correspondence

The cryptocurrency exchange Coinbase has responded to a motion by the SEC, in which the regulator seeks to block the disclosure of information from its chairman, Gary Gensler. We have responded to @SECGov ‘s effort to block reasonable discovery from Mr. Gensler in a case that it—not Coinbase—chose to file. Democracy, as well as due […]

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ForkLog 5 03.07.2024

SEC’s Case Against ConsenSys to Proceed on Expedited Schedule

The court has approved an expedited schedule for hearings in the SEC case against ConsenSys, set to take place from July 29 to November 26. This was announced by the company’s lawyer, Bill Hughes. Important News about about @Consensys v. Gensler. Judge O’Connor granted our request that he consider the merits of our case on […]

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ForkLog 37 29.06.2024

Court Allows Most SEC Claims Against Binance to Proceed

Judge Amy Berman Jackson of the District Court for the District of Columbia has partially dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance, though most allegations will be considered. She granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD stablecoin, […]

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ForkLog 28 28.06.2024

SEC Takes Legal Action Against ConsenSys

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against ConsenSys, the developer of the MetaMask wallet. The lawsuit was filed in the Eastern District of New York. The agency alleges that the firm violated the law through its MetaMask Staking service. The regulator claims that: since October 2020, ConsenSys has been “operating […]

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ForkLog 7 28.06.2024

US Supreme Court Grants Right to Jury Trials in SEC Fraud Cases

Defendants accused of fraud by the SEC are entitled to a jury trial in federal court. This decision was made by the U.S. Supreme Court, reports FOX Business journalist Eleanor Terrett. ?BREAKING: The Supreme Court has just ruled in a 6-3 vote that when the @SECGov seeks penalties for fraud, a defendant is entitled to […]

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ForkLog 45 27.06.2024

Coinbase Sues SEC and FDIC Over Lack of Transparency

The exchange accused regulators of failing to comply with the Freedom of Information Act. The company perceived the actions of the agencies as a targeted campaign against the digital asset industry. Coinbase has filed a lawsuit against the SEC and the FDIC over their attempts to “cut off” the crypto industry from the banking sector, […]

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ForkLog 31 26.06.2024

Former Hydrogen Executives Jailed for Cryptocurrency Manipulation

Former senior executives of the cryptocurrency project Hydrogen Technology Corp. have been sentenced in the United States to prison terms for manipulating the price of the Hydro token and defrauding investors. According to the Department of Justice, former CEO Michael Kane and former head of financial engineering Shane Hampton hired the external firm Moonwalkers Trading […]

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ForkLog 10 26.06.2024

Julian Assange Released in Courtroom Plea Deal

On June 25, a U.S. court on the island of Saipan approved a deal that saw WikiLeaks founder Julian Assange released in exchange for a partial guilty plea, according to Reuters. Assange admitted to charges of violating the U.S. Espionage Act. He was sentenced to 62 months in prison, which he had already served in […]

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ForkLog 19 23.06.2024

Nigeria Refutes Claims of Poor Conditions for Binance Executive

Nigeria’s Minister of Information, Mohammed Idris, has dismissed as false the allegations regarding the poor conditions of Tigran Gambaryan, Vice President of Global Intelligence and Investigations at the cryptocurrency exchange Binance. Binance Executive on Lawful Trial Has Access to Quality Medical Care — FG It has become necessary for the Federal Government of Nigeria to […]

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ForkLog 27 21.06.2024

US Lawmakers Highlight Deteriorating Health of Binance Executive in Nigerian Prison

Members of the US House of Representatives, French Hill and Chrissy Houlahan, visited Tigran Gambaryan, the Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who is currently held in a Nigerian prison. Yesterday, @RepHoulahan and I visited with US citizen Tigran Gambaryan in Kuje Prison in Nigeria. We found him suffering from […]

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ForkLog 11 20.06.2024

ConsenSys to Persist in Legal Battle with SEC

ConsenSys is determined to achieve greater regulatory clarity regarding cryptocurrencies and will continue its legal battle with the SEC in court. This was reported by FOX Business journalist Eleanor Terrett, citing the company’s founder, Joseph Lubin. ?NEW: I reached out to @Consensys founder @ethereumJoseph for comment on the @SECGov dropping its investigation into $ETH and […]

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ForkLog 20 14.06.2024

Nigeria Drops Tax Charges Against Binance Executives

The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges against Binance cryptocurrency exchange employees Tigran Gambaryan and Nadim Anjarwalla. This was reported by CoinDesk, citing a family spokesperson of one of the individuals involved. FIRS agreed that the tax evasion case pertains directly to the trading platform, which will be the sole […]

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