Court Cases | ForkLog

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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ForkLog 10 11.10.2024

Tezos Stakers Renew Legal Battle Against US Tax Authority

Tezos validator Josh Jarrett and his wife Jessica from Tennessee have filed a new lawsuit against the IRS concerning the taxation of tokens created through staking. In their complaint, the couple argues that such assets should be considered newly created property, with tax liabilities arising only upon sale. They compared tokens received from staking to […]

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ForkLog 6 11.10.2024

US Prosecutors Seek 18-Month Sentence for Bitfinex Hack Accomplice

US prosecutors have requested an 18-month prison sentence for Heather Morgan for her role in laundering 119,754 BTC stolen from the Bitfinex exchange in 2016. In 2022, law enforcement arrested the couple involved in the hack—34-year-old Ilya Lichtenstein and 31-year-old Morgan. They seized over 94,000 BTC valued at $3.6 billion at the time. The couple […]

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ForkLog 15 10.10.2024

US Authorities Recognize Bitfinex as Sole Victim of 2016 Exchange Hack

Currently, Bitfinex stands as the sole claimant for compensation from the 2016 hack, which saw the theft of 119,754 BTC from the platform. This is according to court documents. The US government stated it is unaware of any other parties entitled to compensation. However, authorities will proceed cautiously to ensure no potential victim is overlooked. […]

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ForkLog 6 09.10.2024

Elderly American Ordered to Pay Nearly $14 Million for Crypto Pyramid Scheme

A Las Vegas court has sentenced 86-year-old former attorney David Keagle from California to a five-year suspended sentence for orchestrating a cryptocurrency pyramid scheme. The defendant will pay approximately $13.95 million in restitution. In May, he pleaded guilty to a single charge. Keagle is currently in hospice care at a Las Vegas nursing home due […]

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ForkLog 9 09.10.2024

Caroline Ellison Agrees to Surrender ‘Nearly All Assets’ to FTX

The bankrupt exchange FTX has filed a motion to approve a settlement with former Alameda Research CEO Caroline Ellison, under which she will surrender “nearly all her assets.” The court will review the motion on November 20. Ellison has agreed to hand over to FTX creditors everything remaining after government confiscation related to her criminal […]

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ForkLog 22 08.10.2024

Crypto.com Challenges SEC Following Wells Notice

The platform Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) to safeguard the future of the crypto industry in the country. Today, https://t.co/pFc4Pz9nFR filed suit against the SEC to protect the future of crypto in the U.S.: https://t.co/kXxyhF7zFe — Kris | Crypto.com (@kris) October 8, 2024 The decision came after […]

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ForkLog 20 08.10.2024

Former Investigator Sentenced to 16 Years for Record Bitcoin Bribe

Former investigator Marat Tambiev has been sentenced to 16 years in a penal colony for accepting a bribe exceeding 2718 BTC (7.3 billion rubles) and $1.5 million. This was reported by RBC. The ex-head of the investigative department of the Tverskoy district committee in Moscow will serve his term in a high-security facility. He is […]

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ForkLog 19 08.10.2024

Texans File Lawsuit Against Noisy MARA Mining Facility

A lawsuit has been filed against the mining company MARA (formerly Marathon Digital) due to noise from its facility near Granbury, Texas. More than twenty residents have claimed that the cryptocurrency mining farm is a “nuisance” causing “extreme discomfort and irritation.” The plaintiffs complain of “sensory, emotional, psychological impact, and health effects” due to the […]

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ForkLog 11 06.10.2024

IcomTech Founder Sentenced to 10 Years for Cryptocurrency Pyramid Scheme

Judge Jennifer Rochon of the Southern District of New York sentenced IcomTech cryptocurrency pyramid founder David Carmona to 121 months in prison. “David Carmona orchestrated the IcomTech cryptocurrency Ponzi scheme, preying on working-class individuals by promising them complete financial freedom in exchange for their hard-earned money. Carmona pledged to invest the victims’ funds in crypto […]

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ForkLog 28 04.10.2024

US SEC and DOJ Back Lawsuit Against Nvidia Over Crypto Miner Sales

The class action lawsuit against Nvidia, accusing the company of distorting financial results from graphics card sales to cryptocurrency miners, is set to proceed. This was stated to the US Supreme Court by the Department of Justice and the SEC in a filing. The legal battle has been ongoing since 2018, reaching the highest judicial […]

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ForkLog 17 04.10.2024

Cryptex Exchange Defendants Placed Under House Arrest

The Zamoskvoretsky District Court of Moscow has imposed pre-trial restrictions on three individuals accused in the case involving the criminal network of the cryptocurrency exchange Cryptex and the anonymous payment system UAPS. At the request of the investigative authorities, the alleged mastermind of the scheme, Alexander Tereshchenko, along with two accomplices, Ruslan and Roman Orekhovsky, […]

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