Court Cases | ForkLog

ForkLog 22 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 12 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 32 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 19 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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ForkLog 17 03.10.2024

SEC Appeals Court Ruling in Ripple Case

The United States Securities and Exchange Commission (SEC) has challenged the August court ruling in its lawsuit against Ripple in the Second Circuit Court of Appeals. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed a Notice of Appeal of Judge Torres’s Ruling. pic.twitter.com/j8bLIZQ5LT — James K. Filan ???? (@FilanLaw) October 2, 2024 According […]

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ForkLog 19 03.10.2024

AT&T Faces Renewed Legal Battle Over $24 Million Cryptocurrency Theft

Telecommunications giant AT&T is once again facing court proceedings regarding its role in the theft of $24 million in cryptocurrency from Michael Terpin, founder of the bitcoin investor group BitAngels, through SIM card swapping. The relevant ruling was issued by the Ninth Circuit Court of Appeals. The incident occurred in 2018 when 15-year-old hacker Ellis […]

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ForkLog 10 01.10.2024

FTX Reorganization Plan Secures 94.5% Creditor Approval for $6.8 Billion Claims

Approximately 94.48% of FTX.com clients have voted in favor of the platform’s reorganization plan. Hearings for its approval are scheduled for October 7, reports The Block. The group of FTX.com clients has claims on assets valued at $6.83 billion. Roughly 89.1% of FTX.US users and about 95.88% of creditors in the “related to FTX.com services” […]

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ForkLog 13 27.09.2024

Court Rejects Tornado Cash Co-Founder’s Motion to Dismiss Case

The hearing against Tornado Cash co-founder Roman Storm is set to commence on December 2 in New York, following a judge’s decision to reject his motion to dismiss the case. In the US v. Storm (Tornado Cash) hearing just now, the court rejected the arguments in Storm’s motion to dismiss as a matter of law […]

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ForkLog 97 25.09.2024

Former Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison

A court has sentenced former Alameda Research CEO Caroline Ellison to two years in prison and the forfeiture of $11 billion on charges of fraud and money laundering, according to Bloomberg. The verdict was mitigated by Ellison’s “remarkable” cooperation in the investigation of former FTX CEO Sam Bankman-Fried, her former boss and partner. The defendant’s […]

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ForkLog 27 23.09.2024

OpenSea Faces Lawsuit Alleging NFTs as Securities

Two clients of OpenSea have filed a class-action lawsuit against the NFT marketplace, accusing it of selling unregistered securities contracts. This was reported by Cointelegraph citing court documents. Anthony Schneiderman and Itai Bronstein claimed that the non-fungible tokens purchased on the platform, including Bored Ape Yacht Club, are worthless “due to their illegal nature.” The […]

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ForkLog 33 20.09.2024

Texas Court Dismisses ConsenSys Lawsuit Against SEC

A federal judge in Texas dismissed ConsenSys’s lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five members, including Chairman Gary Gensler. In April, the firm sued the SEC over the “regulation of ETH as a security.” The claims alleged that the agency orchestrated a campaign “to seize control over the future of […]

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ForkLog 21 17.09.2024

Former Celsius CEO Faces Potential 115-Year Sentence Amid Bankruptcy Case

Former Celsius CEO Alex Mashinsky has requested the court to allow six witnesses to testify in the bankruptcy case involving the lending platform. The entrepreneur faces a potential prison sentence of up to 115 years, reports The Block. In July 2023, media outlets reported Mashinsky’s arrest. According to court documents reviewed by insiders, the SEC […]

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