Court Cases | ForkLog

ForkLog 20 07.03.2023

FTX files suit against Grayscale Investments

The plaintiff, the collapsed FTX exchange, filed a lawsuit against Grayscale Investments, accusing the firm of mismanaging funds and breaching the trust agreement.

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ForkLog 22 03.03.2023

FTX CEO cites a ‘substantial capital shortfall’ at the platform

At present, it is not possible to accurately calculate or model the size of compensation for FTX clients' losses. This was stated by John Ray, the CEO of the platform going through the bankruptcy process, according to The Block.

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ForkLog 7 03.03.2023

Michael Saylor to Stand as Defendant in Tax-Fraud Case

The Supreme Court of the District of Columbia denied MicroStrategy founder Michael Saylor's motion to dismiss the income tax suit.

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ForkLog 11 02.03.2023

Celsius creditors approve NovaWulf plan to recover 70% for small depositors

The creditors committee of the Celsius Network crypto-lending platform has agreed with NovaWulf Digital Management's debt settlement proposal. It is expected that clients with deposits under $5,000 will recover 70% of their funds, The Block reports.

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ForkLog 17 02.03.2023

American investor sues Nexo

A California resident, John Kress, filed a lawsuit against the crypto-lending platform Nexo for damages arising from "fraudulent inducement" to borrow. The Block reports this.

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ForkLog 29 01.03.2023

SEC accuses former FTX top executive of deceiving investors

The former FTX chief technology officer Nishad Singh was 'an active participant' in a plan to defraud the platform's customers, according to a statement settling the SEC's claims.

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ForkLog 10 24.02.2023

Workday recruitment algorithms accused of discrimination

Workday has been accused of developing recruiting algorithms that lead to biased treatment of Black applicants aged over 40.

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ForkLog 11 24.02.2023

US school employee sought in connection with illegal cryptocurrency mining operation

An employee of a Massachusetts school, suspected of illegal cryptocurrency mining and electricity theft, has gone on the run.

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ForkLog 25 24.02.2023

Sam Bankman-Fried Charged with Conspiracy to Commit Bank Fraud

The former head of the collapsed FTX, Sam Bankman-Fried (SBF), has been charged with new criminal charges, including conspiracy to commit bank fraud. The Block reports.

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ForkLog 46 23.02.2023

Forsage founders charged in $340m crypto-pyramid scheme

A U.S. court has charged four Russians with organizing and promoting the Forsage cryptocurrency pyramid, whose victims around the world lost approximately $340 million.

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ForkLog 17 22.02.2023

Vinnik’s lawyer signals possibility of a prisoner exchange

Russian Alexander Vinnik, accused of laundering at least $4 billion through the BTC-e exchange, may become a candidate for the next prisoner exchange between Russia and the United States.

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ForkLog 18 21.02.2023

Bloomberg: another top FTX executive plans to plead guilty to fraud

The former FTX chief technology officer Nishad Singh plans to plead guilty to fraud for his role in the beleaguered exchange. Bloomberg reports, citing its own sources.

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