Court Cases | ForkLog

ForkLog 10 10.07.2024

Sentencing Dates Set for Former FTX Executives

Hearings for the co-founder of the collapsed FTX exchange, Gary Wang, and its former CTO Nishad Singh are scheduled for the autumn, according to court documents. Singh’s sentencing is set for October 30 in New York, while Wang’s will be on November 20. Both former executives of the trading platform have pleaded guilty and cooperated […]

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ForkLog 14 09.07.2024

Paxful Co-Founder Admits Guilt in Money Laundering Case

Paxful co-founder Artur Schaback has admitted guilt for failing to implement an effective anti-money laundering (AML) program on the company’s P2P platform. Paxful Inc. Co-Founder Pleads Guilty to Conspiracy to Fail to Maintain Effective Anti-Money Laundering Program ?: https://t.co/B3DCa5DFQY pic.twitter.com/Zbkgi90dEr — Criminal Division (@DOJCrimDiv) July 8, 2024 According to court documents, the former executive managed […]

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ForkLog 9 08.07.2024

Witness Labels Binance’s Operations in Nigeria as Illegal

A Nigerian court has heard the prosecution’s arguments in the case against Binance and the exchange’s Vice President for Global Intelligence and Investigations, Tigran Gambaryan. This was reported by Premium Times. The second witness in the proceedings was Olubukola Akinwumi, Deputy Head of the country’s Central Bank. He stated that the department he leads, responsible […]

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ForkLog 23 08.07.2024

Samourai Wallet CTO Released on $2 Million Bail

The U.S. government has agreed to the release on bail of William Lonergan Hill, co-founder and CTO of the anonymous Bitcoin wallet Samourai Wallet, also known as TDev. According to documents, the initial hearing for Hill’s case “following his uncontested extradition from Portugal” is scheduled for July 9 or 10 in the Southern District of […]

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ForkLog 7 04.07.2024

Coinbase Challenges SEC’s Attempt to Shield Gensler’s Correspondence

The cryptocurrency exchange Coinbase has responded to a motion by the SEC, in which the regulator seeks to block the disclosure of information from its chairman, Gary Gensler. We have responded to @SECGov ‘s effort to block reasonable discovery from Mr. Gensler in a case that it—not Coinbase—chose to file. Democracy, as well as due […]

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ForkLog 4 03.07.2024

SEC’s Case Against ConsenSys to Proceed on Expedited Schedule

The court has approved an expedited schedule for hearings in the SEC case against ConsenSys, set to take place from July 29 to November 26. This was announced by the company’s lawyer, Bill Hughes. Important News about about @Consensys v. Gensler. Judge O’Connor granted our request that he consider the merits of our case on […]

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ForkLog 22 29.06.2024

Court Allows Most SEC Claims Against Binance to Proceed

Judge Amy Berman Jackson of the District Court for the District of Columbia has partially dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance, though most allegations will be considered. She granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD stablecoin, […]

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ForkLog 18 28.06.2024

SEC Takes Legal Action Against ConsenSys

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against ConsenSys, the developer of the MetaMask wallet. The lawsuit was filed in the Eastern District of New York. The agency alleges that the firm violated the law through its MetaMask Staking service. The regulator claims that: since October 2020, ConsenSys has been “operating […]

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ForkLog 6 28.06.2024

US Supreme Court Grants Right to Jury Trials in SEC Fraud Cases

Defendants accused of fraud by the SEC are entitled to a jury trial in federal court. This decision was made by the U.S. Supreme Court, reports FOX Business journalist Eleanor Terrett. ?BREAKING: The Supreme Court has just ruled in a 6-3 vote that when the @SECGov seeks penalties for fraud, a defendant is entitled to […]

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ForkLog 25 27.06.2024

Coinbase Sues SEC and FDIC Over Lack of Transparency

The exchange accused regulators of failing to comply with the Freedom of Information Act. The company perceived the actions of the agencies as a targeted campaign against the digital asset industry. Coinbase has filed a lawsuit against the SEC and the FDIC over their attempts to “cut off” the crypto industry from the banking sector, […]

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ForkLog 24 26.06.2024

Former Hydrogen Executives Jailed for Cryptocurrency Manipulation

Former senior executives of the cryptocurrency project Hydrogen Technology Corp. have been sentenced in the United States to prison terms for manipulating the price of the Hydro token and defrauding investors. According to the Department of Justice, former CEO Michael Kane and former head of financial engineering Shane Hampton hired the external firm Moonwalkers Trading […]

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ForkLog 8 26.06.2024

Julian Assange Released in Courtroom Plea Deal

On June 25, a U.S. court on the island of Saipan approved a deal that saw WikiLeaks founder Julian Assange released in exchange for a partial guilty plea, according to Reuters. Assange admitted to charges of violating the U.S. Espionage Act. He was sentenced to 62 months in prison, which he had already served in […]

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