Court Cases | ForkLog

ForkLog 16 19.05.2025

Strategy Faces Allegations of Concealing Bitcoin Risks

On May 19, the company Strategy was hit with a class-action lawsuit. The firm’s leadership is accused of making “false or misleading statements” about the profitability of its bitcoin strategy and concealing the asset’s volatility risks. The allegations involve Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang. The plaintiffs cite violations of securities […]

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ForkLog 43 18.05.2025

Argentine President’s Bank Records Sought in LIBRA Coin Investigation

Judge Maria Servini has mandated banks to provide account statements for Argentine President Javier Milei as part of a civil lawsuit concerning the promotion of the meme coin LIBRA, according to local media. The request also extends to his sister, Karina Milei, who is suspected of collaborating with businessmen involved in launching the token. Both […]

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ForkLog 30 16.05.2025

US Charges Loom for Tornado Cash Developer Roman Storm

The US Department of Justice plans to file criminal charges against Roman Storm, developer and co-founder of the cryptocurrency mixer Tornado Cash, according to Decrypt, citing a department representative. Federal prosecutors allege that Storm conspired to launder money, evade US sanctions, and operate an unlicensed money transmission business through Tornado Cash. The trial is set […]

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ForkLog 98 15.05.2025

Sonic Labs Secures Liquidation of Multichain to Recover Funds After $210 Million Hack

A Singapore court has approved the liquidation of Multichain Foundation following a lawsuit by Sonic Labs to recover damages from a cross-chain protocol hack in 2023. One-third of the stolen amount belonged to Sonic Labs. KPMG Singapore has been appointed as joint liquidator. Sonic Labs filed the lawsuit back in March 2023, after Multichain ceased […]

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ForkLog 154 13.05.2025

Expert Comments on En+’s 1.2 Billion Ruble Lawsuits Against BitRiver

En+ entities are engaged in legal battles with Russian data center operator BitRiver, seeking over 1.21 billion rubles in two separate cases, according to Kommersant. In late April, the Arbitration Court of the Irkutsk Region granted a claim by “Infrastructure of Siberia” (part of En+) to recover 954.4 million rubles from GC “Fox,” which owns […]

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ForkLog 33 11.05.2025

Teenagers in Las Vegas Accused of Kidnapping and Robbing Crypto Investor

Three teenagers in the United States have been charged with kidnapping, extortion, and stealing crypto assets worth $4 million, according to local outlet 8 News Now. Authorities have arrested two of the alleged perpetrators, both 16-year-old residents of Florida. It is reported that a court had previously recognized the youths as adults. The third participant […]

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ForkLog 50 11.05.2025

BSV Investors Renew Compensation Demands Over Delisting

A group of Bitcoin SV investors, stemming from the Bitcoin Cash hard fork, intends to continue legal proceedings against Binance following the coin’s delisting in 2019. The coin was removed as part of a routine “re-evaluation” of listed assets. The delisting was announced amid criticism of BSV’s creator, Craig Wright, who had declared himself to […]

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ForkLog 30 10.05.2025

Prosecutors Refuse to Drop Case Against Samourai Wallet Developers

Prosecutors in the case against the anonymous cryptocurrency wallet Samourai Wallet have dismissed the defense’s accusations of concealing crucial information and have refused to withdraw the lawsuit, prolonging the ongoing legal battle. This was reported by Zack Shapiro, Head of Policy at the Bitcoin Policy Institute. Further Update: @SDNYnews declines to drop charges against Samourai […]

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ForkLog 27 09.05.2025

Celsius Founder Sentenced to 12 Years in Prison

On May 8, a New York court sentenced Celsius founder Alex Mashinsky to 12 years in prison. The former CEO will also forfeit $48 million and real estate, according to Reuters. In December 2024, Mashinsky pleaded guilty to commodities fraud and manipulating the price of the CEL token. Judge John Keltl described the crimes as […]

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ForkLog 186 07.05.2025

CFTC Withdraws Claims Against Kalshi

The U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its appeal in the dispute with the prediction platform Kalshi. The CFTC has moved to dismiss its appeal against us. Election markets are here to stay. pic.twitter.com/me4pS8uFOj — Kalshi (@Kalshi) May 6, 2025 “Election prediction markets are here to stay,” the company stated. The agreement stipulates […]

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ForkLog 28 06.05.2025

Alex Mashinsky’s Lawyers Seek to Reduce Prison Sentence to One Year

The defense team for Celsius founder Alex Mashinsky has requested the court to limit his prison sentence to one year, rejecting the U.S. Department of Justice’s recommendation of a 20-year term. The lawyers described the prosecution’s demands as a “death sentence” for the 59-year-old entrepreneur. In December 2024, Mashinsky pleaded guilty to commodities fraud and […]

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ForkLog 34 06.05.2025

Kenyan Court Orders Deletion of User Data by World Project

The High Court of Kenya has ordered the deletion of biometric data collected by Sam Altman’s blockchain project, World. JUDGMENT: High Court safeguards the right to privacy Today, Lady Justice Aburili Roselyne has allowed our Judicial Review Application, where we challenged the collection, processing, and transfer of iris and facial images (biometric data) using the […]

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