Court Cases | ForkLog

ForkLog 25 10.04.2023

FTX flags SBF’s team failures in ‘key functions’

FTX had no basic accounting or financial controls and was run by a small group of people who 'were characterised by arrogance, incompetence and greed.' This is stated in a report by the exchange and the related debtors.

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ForkLog 35 07.04.2023

SBI Crypto sues bitcoin-mining capacity provider Whinstone US

SBI Crypto, a bitcoin miner, filed suit against Whinstone US, a bitcoin-mining capacity provider. Decrypt reports.

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ForkLog 40 05.04.2023

Sri Lankan authorities uncover $47 million crypto Ponzi scheme

The Central Bank of Sri Lanka is preparing to sue a group suspected of organising a $47 million crypto Ponzi scheme. Al Jazeera reports.

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ForkLog 14 31.03.2023

Ormenus Coin organizers to pay $102 million after SEC lawsuit

The U.S. Securities and Exchange Commission (SEC) obtained a favorable verdict from a court on charges against John and Jonatina Barksdales regarding the creation of their fraudulent scheme.

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ForkLog 11 31.03.2023

Trump NFT collection trading volume surges after grand jury indictment

Trading volume of the NFT collection of cards featuring former U.S. President Donald Trump surged by 440%. This followed the grand jury's approval of an indictment on 30 counts, according to CNN.

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ForkLog 18 30.03.2023

Reuters: Bankman-Fried pleads not guilty to bribery of Chinese official

The founder of FTX, Sam Bankman-Fried, has not pleaded guilty to the new criminal charges, according to Reuters citing sources familiar with the matter.

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ForkLog 38 30.03.2023

Court finds bZx DAO participants liable for protocol hack

bZx DAO is a general partnership under California law, so any participant in the organization bears liability for user losses resulting from the hack. This follows from the San Diego court ruling (California, USA).

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ForkLog 24 30.03.2023

SEC brings charges against Beaxy crypto exchange and its executives

The SEC has charged the Beaxy crypto-trading platform and its executives with unregistered activity as a securities exchange, broker, and clearing agency.

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ForkLog 34 29.03.2023

Media: Sam Bankman-Fried paid lawyers’ fees from a ‘gift’ to his father funded by FTX funds

The former head{{AOPEN_1}} now-bankrupt{{ACLOSE_1}} of the FTX exchange, Sam Bankman-Fried (SBF), directed funds from a gift to his father, drawn from money borrowed from the platform, to cover legal costs. Forbes reports, citing informed sources.

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ForkLog 20 28.03.2023

Sam Bankman-Fried accused of bribing a Chinese official

The founder of the failed FTX, Sam Bankman-Fried (SBF), has been charged with bribery of at least one Chinese official in the amount of $40 million. This is stated in court documents.

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ForkLog 18 28.03.2023

Court halts Binance.US deal to buy Voyager Digital assets

The sale of Voyager Digital's assets undergoing bankruptcy proceedings to Binance.US has been temporarily halted. This is stated in court documents.

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ForkLog 12 28.03.2023

Vauld secures another extension to creditor-protection moratorium

Vauld has again secured an extension of the moratorium on proceedings. Singapore's High Court set a new deadline of 28 April, The Block reports.

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