Court Cases | ForkLog

ForkLog 15 08.04.2024

Nigerian Court Detains Binance Executive

On April 8, a Nigerian court reviewed a complaint by Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who is accused of tax evasion and money laundering amounting to $35 million. This was reported by DL News. The executive pleaded not guilty and claimed his rights were violated. The defense […]

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ForkLog 24 06.04.2024

Do Kwon Found Guilty of Fraud in SEC Case

A jury in the Southern District of New York found Terraform Labs (TFL) and its co-founder Do Kwon guilty of deceiving investors and securities fraud. “We are pleased with today’s jury verdict, which holds TFL and Do Kwon accountable for orchestrating a massive cryptocurrency fraud. [They] misled investors about the stability and security of crypto-assets […]

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ForkLog 25 05.04.2024

Montenegro’s Supreme Court Overturns Do Kwon’s Extradition

Montenegro’s Supreme Court overturned the lower courts’ decision to extradite Terraform Labs (TFL) co-founder Do Kwon. In early March, the High Court of Podgorica approved the extradition of the entrepreneur to South Korean authorities. However, the prosecution objected, citing procedural violations. “In this specific case, the first-instance court could not make a decision in an […]

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ForkLog 40 04.04.2024

Google Sues Distributors of Fraudulent Bitcoin Apps

A federal court in New York is set to hear a lawsuit filed by Alphabet Inc., Google’s parent company, against two Chinese nationals accused of distributing and promoting fraudulent applications. This was reported by Bloomberg. According to the case materials, since 2019, the perpetrators acquired and uploaded 87 applications to Google Play, purportedly offering earnings […]

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ForkLog 23 04.04.2024

Former OneCoin Compliance Chief Sentenced to Four Years in Prison

A U.S. court has sentenced Irina Dilkinska, the former head of legal and compliance for the cryptocurrency pyramid scheme OneCoin, to four years in prison and a $111 million fine. After serving her term, she will spend an additional month under supervision. According to court documents, Dilkinska, along with Ruja Ignatova and Karl Sebastian Greenwood, […]

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ForkLog 16 01.04.2024

Vinnik’s Defense Engages in Plea Negotiations in the US

The defense team for Russian national Alexander Vinnik, accused by US authorities of laundering at least $4 billion through the bitcoin exchange BTC-e, is in plea negotiations. This was stated by lawyer Arkady Bukh in a comment to RIA Novosti. According to him, the defense hopes to secure the best possible deal for their client […]

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ForkLog 29 31.03.2024

Court Freezes Craig Wright’s Assets Worth $7.6 Million

British judge James Mellor has sanctioned the freezing of Craig Wright’s assets amounting to £6 million (approximately $7.58 million). This was reported by The Block, citing court documents. The decision aims to prevent Wright from evading court costs after he transferred some of his assets out of the UK. This move followed the court’s refusal […]

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ForkLog 28 29.03.2024

Community Deems Sam Bankman-Fried’s Sentence ‘Too Lenient’

On March 28th, former CEO of the collapsed FTX, Sam Bankman-Fried (SBF), was sentenced to 25 years in prison. However, the crypto community viewed even this term as lenient. Dan Held, General Partner at Asymmetric, remarked that the sentence was “not nearly long enough given his [SBF’s] actions and the actual damage caused.” Breaking: SBF […]

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ForkLog 19 29.03.2024

Detained Binance Executive Sues Nigerian Government

Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who has been in custody in Nigeria since February 25, has filed a lawsuit against the country’s authorities for violating his rights, according to local media. The charges are specifically directed at Nigeria’s National Security Adviser Nuhu Ribadu and the Economic and […]

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ForkLog 42 28.03.2024

Sam Bankman-Fried Sentenced to 25 Years in Prison

Former FTX head Sam Bankman-Fried (SBF) has been sentenced to 25 years in prison by the Southern District of New York court.

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ForkLog 32 28.03.2024

Co-founder of Defunct QuadrigaCX Ordered to Disclose Asset Origins

The Supreme Court of British Columbia (Canada) has demanded that Michael Patryn, co-founder of the defunct cryptocurrency exchange QuadrigaCX, explain the origins of his personal assets, including luxury items. “The international criminal activities of Quadriga Coin Exchange (QuadrigaCX) resulted in thousands of people losing their savings,” stated Canada’s Minister of Public Safety and Solicitor General, […]

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ForkLog 21 28.03.2024

Dutch Prosecutors Seek 64-Month Sentence for Tornado Cash Developer

The Dutch prosecution has requested a 64-month prison sentence for Tornado Cash developer Alexey Pertsev, accused of laundering $1.2 billion. This was reported by CoinDesk. The final verdict is scheduled to be announced on May 14. Pertsev is charged with conducting at least 36 illegal transactions through the crypto mixer from July 9, 2019, to […]

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