Court Cases | ForkLog

ForkLog 22 23.11.2024

Tornado Cash Developer’s Detention Extended

A court has extended the pre-trial detention of Alexey Pertsev, the developer of the cryptocurrency mixer Tornado Cash. I am sad to announce that, despite our best efforts, the court decided to prolong my pre-trial detention. This decision significantly complicates my ability to prepare for the appeal, but I remain determined to continue fighting for […]

AI translated

ForkLog 24 22.11.2024

Creator of ‘Chill Guy’ Meme Threatens Legal Action Against Token Developers

The artist behind the ‘Just a Chill Guy’ meme, known as PhillipBankss, has threatened legal action against token creators using the image without permission. Source: X. On November 15, the Solana network launched the Just a Chill Guy (CHILLGUY) token. The token gained popularity, reaching a peak market capitalization of $580 million. At the time […]

AI translated

ForkLog 22 20.11.2024

Shaquille O’Neal Settles Astrals NFT Investor Lawsuit for $11 Million

Basketball legend Shaquille O’Neal paid $11 million to settle a class-action lawsuit from investors of the NFT project Astrals. On May 23, 2023, during a basketball game at the FTX Arena (renamed Kaseya Center), O’Neal, who was commentating on the event, was served with a double subpoena. He was accused of promoting the Astrals NFT […]

AI translated

ForkLog 18 19.11.2024

Heather Morgan Sentenced to 18 Months for Bitfinex Hack Involvement

A US federal court has sentenced Heather Morgan to 18 months in prison for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016, reports CoinDesk. Her husband, Ilya Lichtenstein, who orchestrated the attack, received a five-year sentence on November 14. The couple was arrested in February 2022, when authorities seized 94,643 […]

AI translated

ForkLog 17 15.11.2024

Bitfinex Hacker Sentenced to Five Years in Prison

On November 14, a U.S. court sentenced Ilya Lichtenstein to five years in prison for laundering money obtained from the 2016 Bitfinex exchange hack. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022 on suspicion of involvement in the attack on the exchange. At that time, authorities seized 94,643 BTC (approximately $3.6 billion […]

AI translated

ForkLog 8 15.11.2024

US Authorities Accuse SEC of Overreaching in Crypto Crackdown

Attorneys general from 18 US states and the DEF have filed a lawsuit against the SEC and its five commissioners, accusing them of unconstitutional overreach and unfair persecution of the crypto industry. The case has been filed in the District Court for the Eastern District of Kentucky. ?SCOOP: 18 U.S. states have filed to sue […]

AI translated

ForkLog 78 11.11.2024

Crypto seizure and confiscation: how it works in practice

Seizing cryptocurrencies seems impossible, not least because of the distributed nature of blockchains. Yet, in practice, Russian courts not only issue the relevant orders, they also see them carried out. The SHARD team looked into how this is done. Seizure and confiscation: what is the difference Issues of seizing and confiscating cryptocurrencies have repeatedly reached […]

AI translated

ForkLog 23 11.11.2024

FTX Seeks $1.8 Billion from Binance in Legal Pursuits Against 23 Firms

The bankrupt cryptocurrency exchange FTX has recently filed 23 lawsuits in Delaware’s bankruptcy court against various companies and individuals to recover funds for creditors, reports Bloomberg. Binance In the lawsuit against Binance Holdings Ltd. and its founder Changpeng Zhao (CZ), FTX’s lawyers demand the return of $1.8 billion paid during a stock buyback in 2021. […]

AI translated

ForkLog 18 10.11.2024

Bitcoin Fog Operator Sentenced to 12.5 Years for Money Laundering

A US court has sentenced Roman Sterlingov, the operator of the cryptocurrency mixer Bitcoin Fog, to 12.5 years in prison for laundering over $400 million in digital assets from 2011 to 2021. In March, a jury found him guilty of conspiracy to commit money laundering, money laundering, and two counts related to operating an unlicensed […]

AI translated

ForkLog 6 08.11.2024

Alameda CEO Begins Sentence as FTX Co-founder Aids Government Efforts

Gary Wang, co-founder of the defunct FTX, is assisting the U.S. government in developing software for oversight and fraud prevention. This information emerged from court documents. Wang’s defense disclosed his involvement in two projects: one aimed at detecting potential scams in public markets, and another focused on identifying illegal activities on cryptocurrency trading platforms. These […]

AI translated

ForkLog 7 05.11.2024

Binance Lawyers Seek Dismissal of SEC’s Revised Complaint

Lawyers representing Binance and its former CEO Changpeng Zhao have filed a motion to dismiss the amended complaint by the SEC. “The SEC verbally acknowledges the court’s decision that crypto assets are not ‘securities’ in themselves, yet refuses to accept the logical conclusion from it,” the document states. On June 29, Judge Amy Berman Jackson […]

AI translated

ForkLog 11 04.11.2024

Russia Issues First Conviction for Cryptocurrency Fraudsters

On November 1, the Smolninsky District Court of St. Petersburg found the director and three coaches of the “Escada Asset Management Business School” guilty of fraud, having stolen over 55 million rubles from citizens. This was reported by Kommersant. According to the case materials, the organization operated from January 2019 to April 2020. Robert Aloyan […]

AI translated

#Court Cases