Court Cases | ForkLog

ForkLog 40 30.08.2024

Court Dismisses $258 Billion Lawsuit Against Elon Musk Over Dogecoin Promotion

District Judge Alvin Hellerstein dismissed a lawsuit against Elon Musk and electric vehicle manufacturer Tesla over the promotion of Dogecoin. American Keith Johnson sought $258 billion in damages and compensation. The plaintiff aimed to prohibit the billionaire and his companies from promoting the coin and sought to declare trading in this cryptocurrency as “gambling.” He […]

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ForkLog 12 28.08.2024

Haru Invest CEO Attacked in Courtroom

On August 28, Lee Hyun-su, the CEO of South Korean cryptocurrency investment platform Haru Invest, accused of embezzling approximately $826 million from clients, was attacked with a weapon in a courtroom. This was reported by local media. During the session, one of the aggrieved investors approached Lee and stabbed him multiple times in the neck […]

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ForkLog 13 26.08.2024

Former Heartland Tri-State CEO Sentenced for Embezzling $47 Million for Cryptocurrency Purchases

In the United States, a court has sentenced former Heartland Tri-State bank CEO Shane Haines to 24 years and four months in prison for embezzling $47.1 million to invest in cryptocurrencies. This was reported by the Department of Justice. According to the department, from May to July 2023, the executive conducted 11 unauthorized transfers. In […]

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ForkLog 13 23.08.2024

Australian Court Sides with Regulator in Case Against Kraken

The Federal Court of Australia has found Bit Trade, the local operator of the Kraken cryptocurrency exchange, guilty of failing to comply with legal requirements in offering margin trading. This was announced by the Australian Securities and Investments Commission (ASIC). On October 5, 2021, Bit Trade offered Australian clients trading on Kraken the “margin extension” […]

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ForkLog 23 22.08.2024

FTX Creditors Endorse Reorganization Plan

FTX announced overwhelming support from creditors for the updated exchange reorganization plan. Preliminary data shows 95% of votes in favor, representing 99% of the claim amounts. Given these figures, the results are expected to surpass the Bankruptcy Code threshold for approval by the Delaware District Court. FTX will submit the final numbers to the court […]

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ForkLog 9 22.08.2024

BitBoy and NBA Star Settle Binance Promotion Lawsuit for $340,000

Cryptoblogger Ben Armstrong, known as BitBoy, and NBA star Jimmy Butler have agreed to a combined settlement of $340,000 to resolve a class-action lawsuit over promoting Binance, as reported by Cointelegraph. The claim alleges that the cryptocurrency exchange sold unregistered securities. On August 19, the influencers’ lawyers filed a motion in court for preliminary approval […]

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ForkLog 17 21.08.2024

New Class Action Lawsuit Filed Against Binance and Changpeng Zhao

A lawsuit has been filed in the Seattle federal court against Binance and its founder, Changpeng Zhao. According to the complaint, three crypto investors were unable to recover stolen assets because the exchange failed to prevent money laundering. The document states that the perpetrators stole cryptocurrencies from the plaintiffs and subsequently used the platform to […]

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ForkLog 18 21.08.2024

OpenAI to Access Content from Vogue and Major Media Outlets

OpenAI will display content from Vogue, The New Yorker, Wired, and other publications through a partnership with Condé Nast. OpenAI is testing new search features alongside the introduction of SearchGPT. Anthropic faces a class-action lawsuit for copyright infringement. The AI company OpenAI announced a partnership with publisher Condé Nast to display content from major publications. […]

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ForkLog 13 19.08.2024

Florida Woman Sues Google Over $5 Million Loss via Crypto App

Maria Vaca, a Florida resident, has filed a lawsuit against Google seeking compensation for over $5 million lost through a fraudulent crypto application available on the Google Play store. This was reported by The Block. From February to July 2023, Vaca invested approximately $4.6 million in digital assets through the Yobit Pro application. When the […]

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ForkLog 16 16.08.2024

Ripple Unfazed by Potential SEC Appeal on XRP Status

The potential appeal by the SEC against the court’s decision in the Ripple case will not affect the status of the XRP token as a non-security, according to the company’s chief legal officer, Stuart Alderoty. What if the SEC appeals the @ripple case? @s_alderoty @JWVerret pic.twitter.com/xoaAAewjcy — Digital Asset Investor (@digitalassetbuy) August 15, 2024 He […]

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ForkLog 23 16.08.2024

US Lawsuit Targets AI ‘Deepfake’ Websites Exploiting Women

The office of San Francisco City Attorney David Chiu filed a lawsuit against the owners of 16 of the world’s largest websites that use AI to “undress” women and girls in photos without their consent. The document cites violations of state and federal laws concerning deepfake pornography, revenge porn, and materials related to child sexual […]

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ForkLog 6 15.08.2024

Bitcoin Ransom Kidnappers Arrested in Malaysia

Six Malaysian residents have been charged with kidnapping a Chinese national and his companion, demanding a ransom of $1.1 million in bitcoin. This was reported by local media. According to the case materials, the incident occurred on July 11. The victims were attacked at a highway exit near the city of Cyberjaya. They were held […]

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