Court Cases | ForkLog

ForkLog 50 19.03.2025

SEC Withdraws Claims Against Ripple

The U.S. Securities and Exchange Commission (SEC) is withdrawing its appeal in the case against Ripple, as announced by the fintech company’s CEO, Brad Garlinghouse. This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. […]

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ForkLog 75 19.03.2025

US Withdraws Claims Against BitClout Founder

A US magistrate judge has approved a request by federal prosecutors in New York to withdraw a complaint against the founder of the DeSoc project BitClout, Nader Al-Naji, without prejudice. This was reported by Law360, citing court documents. The SEC also filed a motion to dismiss civil charges against the entrepreneur in late February. In […]

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ForkLog 17 17.03.2025

British Man to Appeal to ECHR Over Lost Hard Drive Containing 7500 BTC

The Royal Court of Appeal in the United Kingdom has rejected James Howells’ request for permission to search a landfill for his hard drive containing 7500 BTC (approximately $621.9 million). The plaintiff announced this on X. Appeal request to the Royal Court of Appeal: refused The Great British Injustice System strikes again… The state always […]

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ForkLog 49 17.03.2025

Marla Maples Defends ‘Bitcoin Jesus’ Roger Ver

Marla Maples, the former wife of U.S. President Donald Trump, has called for the cessation of criminal proceedings against Bitcoin.com founder Roger Ver. Sharing more re the call to dismiss the prosecution against Roger Ver @PamBondi @elonmusk @realDonaldTrump @Davewarrington https://t.co/BckQwEXBW6 — marla maples (@itsmarlamaples) March 16, 2025 She retweeted a video titled “Who is Roger […]

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ForkLog 12 14.03.2025

US Mining Firm Accuses Hosting Provider of Hashrate Theft

The cryptocurrency mining company Consensus Colocation secured a temporary court injunction in Delaware (USA) against its hosting provider, Mawson. The latter blocked access to equipment due to disagreements over payments. The document mentions 21,000 mining installations valued at $30 million, which Consensus rents from Stone Ridge Ventures, operating at a facility in Midland, Pennsylvania. Disputes […]

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ForkLog 26 14.03.2025

3AC Liquidators Raise Claims Against FTX to $1.53 Billion

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have been permitted to increase their claim against the bankrupt crypto exchange FTX from $120 million to $1.53 billion, according to court documents. Chief Judge John Dorsey dismissed objections from the trading platform’s debtors, who argued that the amendment to 3AC’s Proof of […]

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ForkLog 86 14.03.2025

Bancor DAO Loses Case Due to Court Absence

A federal court in Texas, USA, issued a default judgment against Bancor DAO, which managed the eponymous DeFi platform. The decision to close the case resulted from the defendant’s failure to appear in response to a summons posted in January 2024 on the decentralized autonomous organization’s forum. The court sided with the plaintiffs, who filed […]

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ForkLog 25 11.03.2025

US Resident Fined for Concealing Seized 119.65 BTC

The District Court of Puerto Rico found Juan Carlos Reynoso guilty of contempt of court after he refused to voluntarily transfer seized bitcoins to a government-controlled wallet. According to case materials, in June 2024, during an investigation involving the defendant, FBI agents discovered a laptop with Ledger hardware wallet software installed. On January 31, 2025, […]

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ForkLog 29 05.03.2025

Court Rejects Musk’s Bid to Block OpenAI’s Commercialization

US District Judge Yvonne Gonzalez Rogers has dismissed Elon Musk’s request to prevent OpenAI’s transformation into a commercial entity, according to Bloomberg. The entrepreneur failed to provide sufficient evidence to warrant a ban, the court stated. However, Rogers is prepared to conduct an expedited trial based on claims of the illegality of OpenAI’s restructuring plan. […]

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ForkLog 49 03.03.2025

Court Dismisses SEC Lawsuit Against HEX Founder

The Eastern District Court of New York found part of the arguments by the SEC unsubstantiated in the case against the founder of HEX, PulseChain, and PulseX, Richard James Schueler, better known in the crypto industry as Richard Heart. According to the judge, the regulator failed to establish personal jurisdiction over Heart, a U.S. citizen […]

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ForkLog 69 28.02.2025

Joseph Lubin Announces Preliminary Agreement with SEC

The U.S. Securities and Exchange Commission (SEC) has tentatively agreed to withdraw its lawsuit against the developer of the non-custodial wallet MetaMask — ConsenSys. This was announced by the company’s CEO, Joseph Lubin. I’m pleased to announce that Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be […]

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ForkLog 26 26.02.2025

Jack Dorsey’s Block to Contest NYDFS Allegations on AML Programs

Jack Dorsey’s payment company Block is in discussions with the NYDFS, including addressing concerns related to the Bank Secrecy Act and anti-money laundering (AML) programs. This was stated in a statement dated February 24. According to the document, in January, the regulator proposed settlement terms, and the details are currently under discussion. The exact settlement […]

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