Court Cases | ForkLog

ForkLog 25 28.10.2024

Green United Promoter to Challenge SEC Fraud Allegations

Christopher Cron, the chief promoter of cryptocurrency mining equipment manufacturer Green United, has filed an appeal against the SEC lawsuit accusing the company of an $18 million securities fraud. This was reported by Cointelegraph. Cron argues that the regulator’s claims regarding the company’s investment contracts being classified as securities are incorrect. He intends to challenge […]

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ForkLog 13 28.10.2024

FTX Withdraws Lawsuit Against Bybit in $228 Million Settlement

The bankrupt cryptocurrency exchange FTX has withdrawn its lawsuit against Bybit, its executives, and its investment arm Mirana as part of a settlement that will secure approximately $228 million for future creditor compensation, reports The Block. Negotiations spanned several months. The settlement entails FTX reclaiming $175 million in cryptocurrencies held on Bybit and selling over […]

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ForkLog 14 25.10.2024

Ripple Seeks Court Review in SEC Dispute

Fintech firm Ripple has filed a preliminary civil appeal statement in its legal battle with the U.S. Securities and Exchange Commission (SEC). #XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed the Civil Appeal Pre-Argument Statement (Form C). The relevant pages are below. pic.twitter.com/usm3fCjG20 — James K. Filan ???? (@FilanLaw) October 25, 2024 This move was […]

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ForkLog 7 24.10.2024

Binance CEO Comments on Tigran Gambaryan’s Release

Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, Tigran Gambaryan, has left Nigeria after eight months of detention. This was confirmed by his family to CoinDesk. The CEO of the trading platform, Richard Teng, commented on his colleague’s release. We are deeply relieved and grateful that Tigran Gambaryan has finally been released […]

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ForkLog 22 23.10.2024

Charges Dropped Against Binance Executive Tigran Gambaryan

The Nigerian government has dropped all charges against Tigran Gambaryan, a senior executive at the cryptocurrency exchange Binance. This was reported by local media. The decision was announced during a closed session of the Federal High Court in Abuja on October 23 by the prosecutor representing the Economic and Financial Crimes Commission (EFCC). October 24, […]

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ForkLog 8 22.10.2024

Former Mine Digital CEO Accused of Embezzling $1.5 Million from Client

The Australian Securities and Investments Commission (ASIC) has charged former CEO of the crypto exchange Mine Digital, Grant Colthup, with embezzling 2.2 million AUD ($1.47 million) from a client attempting to purchase bitcoins. Following an ASIC investigation, the ex-CEO of crypto exchange Mine Digital has been charged with fraud in connection with a $2.2 million […]

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ForkLog 44 20.10.2024

US Attorneys General Urge Biden to Aid in Release of Tigran Gambaryan

A coalition of attorneys general from 18 states has appealed to US President Joe Biden and Secretary of State Antony Blinken to designate Binance executive Tigran Gambaryan as a hostage. “In light of the alarming circumstances surrounding the unlawful detention of Tigran Gambaryan in Nigeria, I support my colleagues in urging the Biden administration to […]

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ForkLog 13 19.10.2024

Indian National Sentenced to Five Years for $20 Million Coinbase Fraud

Indian citizen Chirag Tomar has been sentenced to five years in prison for orchestrating a $20 million cryptocurrency fraud involving a fake website of the bitcoin exchange Coinbase. Court documents reveal that from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from hundreds of victims through a counterfeit version of […]

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ForkLog 10 18.10.2024

SEC Seeks Reconsideration in Ripple Case

The United States Securities and Exchange Commission (SEC) has taken steps to appeal previous court decisions regarding the distribution of Ripple’s XRP token. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed the Civil Appeal Pre-Argument Statement (Form C) with attachments.https://t.co/LpSFIjMZhC — James K. Filan ???? (@FilanLaw) October 17, 2024 The agency submitted a Civil […]

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ForkLog 8 17.10.2024

US Authorities Seek Five-Year Sentence for Bitfinex Hacker

US prosecutors have requested a 60-month prison sentence for Ilya Lichtenstein, who hacked the Bitfinex cryptocurrency exchange for 119,754 BTC in 2016 and laundered the stolen assets. The recommended sentencing guidelines for the charges range from 121 to 151 months. Authorities justified the reduced sentence by citing the defendant’s cooperation in investigations beyond his own […]

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ForkLog 23 13.10.2024

Former FTX Executive Ryan Salame Begins Prison Sentence

Ryan Salame, the former head of the Bahamian division of the cryptocurrency exchange FTX, has arrived at a federal prison in Cumberland, Maryland, to begin serving his sentence, according to The Block. Previously, the former executive joked about having an “exciting week” ahead. He added that he hadn’t “made friends at camp” in 20 years […]

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ForkLog 5 11.10.2024

Nigerian Court Again Denies Bail to Binance Executive

A judge in Abuja has rejected a bail application for Tigran Gambaryan, Binance’s Vice President for Global Intelligence and Investigations, according to an email from a family representative to ForkLog. The decision was made despite clearly demonstrated medical grounds and contradicts established judicial practices in Nigeria, the press release stated. Gambaryan, a US citizen, and […]

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