Court Cases | ForkLog

ForkLog 38 23.01.2024

Kazakh Court Convicts P2P Traders as Accomplices in Phone Scam

On December 19, 2023, the Almaty District Court sentenced two organizers of P2P transactions to prison terms, deeming them participants in a fraudulent scheme, according to the legal agency Cartesius. The investigation into the defendants began a year and a half ago. According to the case materials, two individuals conducted P2P transactions for cash through […]

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ForkLog 18 22.01.2024

Terraform Labs Files for Chapter 11 Bankruptcy

The non-profit organization Terraform Labs (TFL), associated with UST and LUNA, has filed a bankruptcy petition under Chapter 11 of the U.S. Bankruptcy Code. In December, the Southern District of New York court sided with the U.S. Securities and Exchange Commission (SEC) in its lawsuit against TFL and its founder Do Kwon. In a summary […]

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ForkLog 74 18.01.2024

Former Bithumb Chairman Acquitted of Fraud Charges Again

On January 18th, the Seoul High Court acquitted Lee Jong-hoon, the former chairman of the South Korean cryptocurrency exchange Bithumb, for the second time on charges of fraud and deceiving investors out of $70 million, according to local media. The lawsuit against Lee was filed by cosmetic surgeon and co-founder of the Blockchain Exchange Alliance […]

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ForkLog 24 16.01.2024

SEC Supports Do Kwon’s Request to Delay TFL Hearing

SEC has supported the request of Do Kwon, co-founder of the collapsed Terraform Labs (TFL), to postpone a court hearing. This was reported by Cointelegraph, citing court documents. January 17, 2024 | 10:26Update: The court granted Do Kwon’s request and set a new hearing date for March 25. “Despite Kwon’s statement that he has agreed […]

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ForkLog 17 12.01.2024

Unresolved Issues: FTX Creditors’ Complaints and Ripple Case Resurgence

In 2024, the upheavals of past years in the cryptocurrency market continue to make their presence felt. Recently, creditors of the collapsed FTX deemed the compensation amounts “unfair,” while the SEC once again attempted to revive the Ripple case. A Flawed Plan FTX creditor activist Sunil Kavuri reported that he and lawyers from the firm […]

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ForkLog 34 10.01.2024

US Arrests Promoter of HyperVerse Crypto Scam

In the United States, Rodney Burton, known as Bitcoin Rodney, was arrested at the request of the IRS. He is linked to the fraudulent crypto project HyperVerse, which amassed $7.85 million. Burton has been charged with operating an unlicensed money transfer business. Founded in June 2020, HyperVerse, which did not obtain legal entity status, was […]

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ForkLog 29 09.01.2024

Andrew Tate Seeks Return of 21 BTC Seized by Authorities

The Bucharest Court of Appeal has accepted the request of blogger and former kickboxer Andrew Tate for a reassessment of assets seized by the state in early 2023, valued at $10 million, including 21 BTC (approximately $980,000 at the time of writing). This was reported by Reuters. In June, Tate, along with his brother Tristan […]

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ForkLog 29 08.01.2024

OpenAI and Microsoft Face Copyright Infringement Allegations in AI Training

On January 5, American writers Nicholas Basbanes and Nicholas Gage filed a lawsuit against OpenAI and Microsoft, accusing the companies of stealing their works to train large language AI models. The plaintiffs are seeking $150,000 in compensation for each documented instance of copyright infringement. At the end of last month, on December 27, The New […]

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ForkLog 34 08.01.2024

US Charges Operators and Users of Darknet Marketplace xDedic

The US Department of Justice has charged 19 individuals connected to the operations of the darknet marketplace xDedic. The investigation, conducted with the cooperation of law enforcement agencies from the US, Belgium, Ukraine, Germany, and the Netherlands, led to the seizure of the platform’s domains and infrastructure in January 2019. Throughout its operation, xDedic facilitated […]

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ForkLog 8 29.12.2023

Court backs SEC in Terraform Labs case

The Southern District of New York court sided with the SEC in the lawsuit against Terraform Labs (TFL) and its founder Do Kwon.

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ForkLog 10 22.12.2023

Rostov-on-Don cryptocurrency thief jailed for eight years

A Rostov-on-Don resident was sentenced to eight years in prison for armed robbery of 5 million rubles during a cryptocurrency sale.

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ForkLog 19 21.12.2023

Court freezes assets of Three Arrows Capital founders worth $1.14 billion

Assets belonging to the co-founders of the collapsed hedge fund Three Arrows Capital worth $1.14 billion have been frozen by a Virgin Islands court.

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