Court Cases | ForkLog

ForkLog 11 23.06.2024

Nigeria Refutes Claims of Poor Conditions for Binance Executive

Nigeria’s Minister of Information, Mohammed Idris, has dismissed as false the allegations regarding the poor conditions of Tigran Gambaryan, Vice President of Global Intelligence and Investigations at the cryptocurrency exchange Binance. Binance Executive on Lawful Trial Has Access to Quality Medical Care — FG It has become necessary for the Federal Government of Nigeria to […]

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ForkLog 14 21.06.2024

US Lawmakers Highlight Deteriorating Health of Binance Executive in Nigerian Prison

Members of the US House of Representatives, French Hill and Chrissy Houlahan, visited Tigran Gambaryan, the Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who is currently held in a Nigerian prison. Yesterday, @RepHoulahan and I visited with US citizen Tigran Gambaryan in Kuje Prison in Nigeria. We found him suffering from […]

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ForkLog 9 20.06.2024

ConsenSys to Persist in Legal Battle with SEC

ConsenSys is determined to achieve greater regulatory clarity regarding cryptocurrencies and will continue its legal battle with the SEC in court. This was reported by FOX Business journalist Eleanor Terrett, citing the company’s founder, Joseph Lubin. ?NEW: I reached out to @Consensys founder @ethereumJoseph for comment on the @SECGov dropping its investigation into $ETH and […]

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ForkLog 13 14.06.2024

Nigeria Drops Tax Charges Against Binance Executives

The Federal Inland Revenue Service (FIRS) of Nigeria has dropped tax charges against Binance cryptocurrency exchange employees Tigran Gambaryan and Nadim Anjarwalla. This was reported by CoinDesk, citing a family spokesperson of one of the individuals involved. FIRS agreed that the tax evasion case pertains directly to the trading platform, which will be the sole […]

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ForkLog 22 13.06.2024

Terraform Labs Fined $4.47 Billion by SEC

Following the settlement agreement between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs regarding the collapse of its ecosystem, the latter has agreed to pay $4.47 billion. On June 12, the regulator submitted a “proposed final consent judgment” for the judge’s approval. “[The document] not only considers the scale of the fraud by […]

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ForkLog 16 10.06.2024

Uzbek Student Arrested for Selling Notcoin

The Chilanzar District Criminal Court in Tashkent has sentenced a 24-year-old student for selling the NOT token from the Web3 gaming project Notcoin, according to local media. Case materials reveal that on June 1, police received a complaint regarding the young man’s illegal activities with crypto assets. During the hearing, the defendant stated that he […]

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ForkLog 11 06.06.2024

Chinese Student Challenges Prison Sentence Over Token Liquidity Withdrawal

In China, a legal battle continues involving a 24-year-old student accused of issuing a token on the BNB Chain blockchain and allegedly withdrawing liquidity from investors amounting to at least 50,000 USDT. This was reported by local media. According to court documents, in May 2022, the defendant, Yang Qichao, launched a token for the DAO […]

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ForkLog 15 05.06.2024

FTX Settles $24 Billion IRS Claim for $885 Million

IRS will receive up to $885 million from the bankrupt FTX, a significant reduction from the initial $24 billion claim, according to a settlement agreement between the parties. The amount includes a priority payment of $200 million, which the exchange must pay within 60 days after the proposed restructuring plan takes effect. The remaining $685 […]

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ForkLog 13 04.06.2024

Dapper Labs Settles NBA Top Shot Lawsuit for $4 Million

Dapper Labs has reached a settlement in a class-action lawsuit over allegations of selling unregistered securities in the form of NFTs, according to The Block. The company agreed to resolve the claims by paying $4 million, which will be allocated to the plaintiffs’ settlement fund. Dapper Labs described the settlement as confirmation that the NBA […]

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ForkLog 18 03.06.2024

MicroStrategy and Michael Saylor Settle Tax Case for $40 Million

MicroStrategy and its founder, Michael Saylor, have reached a $40 million settlement with the District of Columbia’s prosecutor in a tax evasion case, according to The New York Times, citing court documents. Local authorities filed a lawsuit against Saylor in August 2022, alleging that he had failed to pay over $25 million in taxes on […]

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ForkLog 27 03.06.2024

Telegram Username @dodopizza Sold for 70,000 TON

The user elector.ton is selling the username @dodopizza and its associated channel on the Fragment platform for $1.02 million (155,555 TON). Representatives of the eponymous pizza chain have filed a lawsuit against the messaging service Telegram in an attempt to secure ownership of the lot, reports RBC. 12 July 2024 | 15:44Update: The username @dodopizza […]

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ForkLog 38 01.06.2024

Changpeng Zhao Begins Prison Sentence in California

Former CEO of the cryptocurrency exchange Binance, Changpeng Zhao (CZ), has arrived at the federal prison in Lompoc, California, to serve his sentence. This was reported by CNBC. The information was confirmed to the publication by the law firm Latham & Watkins, which represented Zhao. In late April, a federal court in Seattle sentenced the […]

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