Court Cases | ForkLog

ForkLog 13 03.01.2025

Do Kwon appears in US court

On January 2, Manhattan prosecutors unsealed an indictment against Do Kwon. The same day, the Terraform Labs co-founder appeared in court, Inner City Press reported. OK — now in courtroom for US v. Do Kwon presentment after his extradition in from Montenegro for Terraform crypto fraud — Inner City Press will cover the case(s) https://t.co/G3vwN2mZuS […]

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ForkLog 22 31.12.2024

Montenegro Extradites Do Kwon to the United States

On December 31, Montenegro completed the extradition of Terra founder Do Kwon to the United States. This was announced by the country’s Prime Minister, Milojko Spajić. Today Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra/Luna case.Our nation WELCOMES INNOVATION and legitimate crypto, AI and other tech […]

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ForkLog 15 30.12.2024

US Tax Authority Faces Lawsuit Over DeFi Broker Regulations

The Blockchain Association, Texas Blockchain Council, and DeFi Education Fund have petitioned the court to prevent the US Internal Revenue Service (IRS) from enforcing information disclosure rules on DeFi companies. 1/ Yesterday, @blockchainassn @fund_defi @texasblockchain_ filed a lawsuit against the IRS challenging yesterday’s finalization of the broker rule. The rule violates the Administrative Procedure Act […]

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ForkLog 18 27.12.2024

Montenegro Approves Do Kwon’s Extradition to the US

Montenegro’s Minister of Justice, Bojan Božović, has approved the extradition of Terra’s founder, Do Kwon, to the United States, according to local publication Vijesti. The authorities evaluated extradition requests from both the US and South Korea based on several criteria, including the severity and location of the crime, the procedure for submitting official documents, and […]

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ForkLog 33 27.12.2024

Solana Co-Founder’s Ex-Wife Accuses Him of Hiding Staking Profits

Elisa Rossi, the former wife of Solana co-founder Stephen Akridge, has filed a lawsuit against him for withholding staking income during their divorce proceedings. The couple filed for divorce in March 2023 after a decade of marriage. Under the terms of their agreement, Rossi was entitled to a portion of their joint savings in SOL […]

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ForkLog 33 26.12.2024

Former Bithumb Holdings CEO Sentenced to 4.5 Years for Bribery

The former CEO of Bithumb Holding, An Seong-hun, has been found guilty of fraud and sentenced to 4.5 years in prison. The decision was handed down by the Seoul Southern District Court on December 26, according to local media. Court documents reveal that between September and November 2021, An Seong-hun, along with another former CEO […]

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ForkLog 10 25.12.2024

Montenegro Court Rejects Do Kwon’s Extradition Appeal

On December 25, a Montenegrin court dismissed the appeal by Terra founder Do Kwon to cancel his extradition. The decision to hand over the entrepreneur to authorities in the US or South Korea was delegated to the country’s Minister of Justice, Bojan Božović. The entrepreneur and his colleague, former CFO of Terraform Labs Han Chang-Joon, […]

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ForkLog 33 23.12.2024

US Prosecutors Seek 60-Year Sentence for NFT Fraudsters

Two California residents have been charged with NFT-related fraud resulting in damages amounting to $22 million, according to the US Department of Justice. According to court documents, Gabriel Hay, known by the aliases Mr. Handz and Vaultkeeper, and Gavin Mayo, known as Gavinm, launched fraudulent projects Vault of Gems and Faceless. Investors were promised high […]

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ForkLog 19 20.12.2024

Investors Sue HAWK Token Team Over Unregistered Securities

On December 19, a group of investors filed a lawsuit against the team behind the HAWK token, associated with meme figure Hawk Tuah, Hailey Welch. The defendants are accused of selling unregistered securities. The defendants include Tuah The Moon Foundation, which accepted payments from HAWK buyers, the entity responsible for launching the token overHere, its […]

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ForkLog 11 20.12.2024

Craig Wright Receives Suspended Sentence for Contempt of Court

On November 19, a UK court sentenced Craig Wright to a 12-month suspended sentence for contempt of court. He is also required to pay approximately $180,000 in legal costs within 14 days. The decision by Judge James Mellor follows a complaint from the Crypto Open Patent Alliance (COPA) lawyers in response to another lawsuit by […]

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ForkLog 13 20.12.2024

Tornado Cash Co-Founder Seeks Dismissal of Charges

Roman Storm, co-founder of the crypto mixer Tornado Cash, has requested a review of the denied motion to dismiss the case following a decision by the appellate court. In November, the U.S. Fifth Circuit Court of Appeals ruled that the OFAC exceeded its authority when imposing sanctions against the mixing service in 2022. Storm’s lawyers […]

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ForkLog 20 18.12.2024

Australian Regulator Accuses Binance of Consumer Rights Violations

Retail clients of Binance in Australia were not adequately protected from risky derivatives, resulting in significant losses. This was stated in a lawsuit filed by the ASIC. According to the complaint, from July 2022 to April 2023, Oztures Trading Pty Ltd (trading as Binance Australia Derivatives) mistakenly classified 505 clients—83% of its users—as “wholesale” investors. […]

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