Court Cases | ForkLog

ForkLog 13 06.03.2024

Do Kwon’s Extradition to the US Halted by Montenegro Court

The Montenegrin Court of Appeals has overturned the approval of Do Kwon’s extradition to the United States. This marks the third successful appeal by the Terraform Labs co-founder, reports The Block. Previously, Kwon had similar extradition requests to the US and South Korea dismissed on December 19 and February 8, respectively. The appellate court cited […]

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ForkLog 41 05.03.2024

Kaliningrad Court Sentences Crypto Investor’s Kidnappers

Two residents of the Kaliningrad region have been found guilty of kidnapping, extortion, car theft, robbery, and attempted murder, according to a statement by the local Investigative Committee. In September 2021, they kidnapped a Kaliningrad resident who had substantial cryptocurrency savings. They held him for nearly a day in an undisclosed location, where they coerced […]

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ForkLog 9 04.03.2024

US Court Deems Cryptocurrency Trading as Securities Transactions

In an in absentia ruling on an insider trading case involving Coinbase, a US court determined that trading certain crypto assets on secondary markets constitutes securities transactions. In July 2022, authorities arrested former Coinbase product manager Ishan Wahi and his brother Nikhil, accusing them of insider trading fraud. Samir Ramani, a close friend of the […]

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ForkLog 19 01.03.2024

Elon Musk Sues OpenAI Over Closed-Source AI Product

Elon Musk accused OpenAI of abandoning its open-source roots following the release of a closed-source AI product. The billionaire contends that Sam Altman and OpenAI breached an agreement established at the company’s inception to develop technology for the benefit of humanity rather than for profit. “OpenAI has been transformed into a subsidiary with closed-source code […]

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ForkLog 9 29.02.2024

SEC Challenges Terraform Labs’ $166 Million Payment to Law Firm

The SEC has approached the bankruptcy court to request that Terraform Labs be denied the use of the law firm Dentons as an advisor due to a “suspicious” payment. This was reported by The Block. According to the agency, Terraform Labs transferred a “staggering” $166 million into Dentons’ advance payment system. Of this total, $122 […]

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ForkLog 26 28.02.2024

OpenAI Accuses New York Times of ‘Hacking’ ChatGPT

OpenAI has petitioned the court to dismiss part of the New York Times (NYT) copyright lawsuit, alleging the newspaper “hacked” ChatGPT to fabricate evidence. This was reported by Reuters. “What OpenAI calls ‘hacking’ is merely using its own products to find evidence that they stole and reproduced NYT’s copyrighted work,” responded the newspaper’s lawyer, Ian […]

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ForkLog 24 28.02.2024

Lawyer Seeks 6.5-Year Sentence for Sam Bankman-Fried

Mark Mukasey, the attorney for FTX founder Sam Bankman-Fried (SBF), petitioned the court to impose a sentence ranging from 63 to 78 months for his client. “A suitable method for delivering a fair decision would be to consider the adjusted offense level (intermediate result), which is 56, reduced by 30 levels, based on zero damage. […]

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ForkLog 21 28.02.2024

Investors Renew Class Action Lawsuit Against Ripple

Another lawsuit has been filed against fintech company Ripple and its CEO, Brad Garlinghouse, over alleged violations of securities laws. This class action complaint continues a legal initiative started by investors back in January 2020. In a statement submitted to the Northern District of California court, the plaintiffs request recognition of violations of federal and […]

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ForkLog 22 26.02.2024

Kazakhstan Confiscates 408,000 USDT from Pyramid Scheme Organizer

A court in Astana has tried the organizer of the local branch of the cryptocurrency pyramid scheme Eolus, as reported by the AFM. According to the case materials, in 2023, the accused registered LLP “ENERGY EOLUS QAZAQSTAN” with the aim of attracting investments in renewable energy sources, allegedly located in the United States. The agency […]

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ForkLog 19 24.02.2024

Former FTX Executive Ryan Salame to Be Sentenced in May

On May 1, Judge Lewis Kaplan of the Southern District of New York will sentence Ryan Salame, the former CEO of FTX’s Bahamian division. This was reported by Cointelegraph, citing court documents. In September 2023, Salame pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange. The charges include conspiracy to make […]

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ForkLog 11 24.02.2024

US Court Approves Binance’s $4.3 Billion Settlement with Justice Department

A federal court in the Western District of Washington has approved a $4.3 billion payment by cryptocurrency exchange Binance to the US Department of Justice as part of a plea agreement. This was reported by Bloomberg. According to the signed memorandum, the platform has agreed to implement significant measures to ensure ongoing compliance with US […]

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ForkLog 23 23.02.2024

Riot Platforms Sues U.S. Department of Energy Over Data Collection

The mining company Riot Platforms and the industry group Texas Blockchain Council (TBC) have filed a civil lawsuit demanding a halt to the “emergency data collection” by authorities from the association’s members. The defendants are the U.S. Department of Energy, the Energy Information Administration (EIA) within the department, and the Office of Management and Budget […]

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