Court Cases | ForkLog

ForkLog 9 19.04.2024

Binance Co-Founder Comments on Changpeng Zhao’s Legal Situation

Former Binance CEO Changpeng Zhao (CZ) is in a “positive situation” ahead of his sentencing in the US on April 30. This was stated by the platform’s co-founder and head of Binance Labs, Yi He. According to her, CZ’s current position in the US is generally calm, and past regulatory pressure was anticipated. He described […]

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ForkLog 6 19.04.2024

Nigerian Court Delays Bail Hearing for Binance Executive

On April 18, the Federal High Court in Abuja postponed the bail hearing for Binance’s Vice President of Global Intelligence and Investigations, Tigran Gambaryan, according to Nairametrics. During the session, a representative from the Economic and Financial Crimes Commission stated that more time was needed to address the “new issues” raised by the defense in […]

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ForkLog 16 19.04.2024

OneCoin Lawyer Released on Bail Pending Appeal

Sentenced to 10 years in prison, lawyer Mark Scott, who laundered $400 million for the cryptocurrency pyramid OneCoin, has been released on bail, reports InnerCityPress. OPEN THE COURTS: In #OneCoin crypto fraud case Inner City Press yesterday filed brief challenging sealing, today convicted money launderer Mark Scott was granted bail pending appeal — that request […]

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ForkLog 23 19.04.2024

Jury Finds Mango Markets Attacker Guilty

On April 18, a jury found Avraham Eisenberg guilty in the case concerning the attack on the DeFi project Mango Markets in 2022, which involved the extraction of digital assets worth $116 million. This was reported by Bloomberg. During the two-week trial, the defense argued that the defendant committed no crimes. According to his lawyers, […]

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ForkLog 8 17.04.2024

Experts Weigh Potential Sentence for Former Binance CEO

A court hearing is scheduled for April 30, where the punishment for Changpeng Zhao (CZ), the founder and former CEO of the cryptocurrency exchange Binance, will be determined. In a discussion with Cointelegraph, lawyers and politicians explored possible outcomes. Charges The former CEO of the trading platform will appear before a judge nearly six months […]

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ForkLog 23 17.04.2024

Nebraska Resident Charged with $1 Million Cryptojacking Scheme

A Nebraska resident has been accused of stealing $3.5 million from cloud computing services to mine cryptocurrencies. Nebraska Man Indicted for Multi-Million Dollar “Cryptojacking” Scheme Defendant Allegedly Stole More Than $3.5 Million in Cloud Computing Services In Order to Mine Cryptocurrency@NewYorkFBI @NYPDnews https://t.co/CExr2Z9FSU — US Attorney EDNY (@EDNYnews) April 15, 2024 According to a press […]

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ForkLog 8 16.04.2024

Founders of ‘Greenstar Mining’ Sentenced to Prison in Irkutsk

On April 11, the Oktyabrsky District Court of Irkutsk delivered a guilty verdict to five residents of the Chelyabinsk region involved in the fictitious sale of cryptocurrency mining equipment through the company ‘Greenstar Mining’. According to the case materials, since 2021, the defendants advertised their services online, offering to supply miners with a 50% prepayment. […]

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ForkLog 22 15.04.2024

Phuket Court Sentences Russians for Cryptocurrency Kidnapping

The Provincial Court of Phuket has sentenced five Russians to prison for the abduction of a Belarusian couple, aiming to extort 31 million baht (approximately $845,700) in cryptocurrency. This was reported by the Bangkok Post. The defendants, who initially denied involvement in the attack, fully confessed during the investigation. Each received a two-year prison sentence […]

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ForkLog 28 12.04.2024

Sam Bankman-Fried Appeals His Sentence

Lawyers for former FTX head Sam Bankman-Fried (SBF) have filed an appeal against the court’s decision that sentenced him to 25 years in prison. The motion states that SBF intends to contest all seven charges of money laundering, fraud, and conspiracy. The court also ordered Bankman-Fried to pay a fine of $11 billion. The notice […]

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ForkLog 16 10.04.2024

Former Ethereum Advisor Seeks $9.6 Billion from US Government

Web3 attorney and former Ethereum advisor Steven Nerayoff has filed a lawsuit against the US government, demanding $9.6 billion for a four-year prosecution over a “fabricated” case. Nerayoff was arrested in 2019 on charges of extorting 10,000 ETH from a crypto startup. The legal battle lasted nearly four years and concluded in May 2023 when […]

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ForkLog 15 10.04.2024

Bitcoin Extortionists Abduct Businessman from English Golf Course

The St Albans Crown Court is examining the case of a suspect accused of kidnapping a Chinese businessman for cryptocurrency extortion, as reported by BBC. According to court documents, the attack took place on October 24, 2023, in Hertfordshire. The victim, 30-year-old entrepreneur Dylan Huang, was playing golf with three women when five armed individuals […]

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ForkLog 8 09.04.2024

Trial Begins for Alleged Mango Markets Attacker in the US

On April 9th, a federal court in New York commenced proceedings against Avraham Eisenberg, suspected of orchestrating an attack on the DeFi project Mango Markets in 2022, resulting in the extraction of digital assets worth $116 million. The trial was initially scheduled for December 4, 2023, but was postponed at the defense’s request. Eisenberg was […]

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