Court Cases | ForkLog

ForkLog 35 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 43 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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ForkLog 38 31.05.2024

Former Deutsche Bank Employee Sentenced for Cryptocurrency Fraud

On May 30, a New York court sentenced Rashawn Russell, a former employee of the German investment bank Deutsche Bank, to 41 months in prison for cryptocurrency fraud. This was reported by the US Department of Justice. According to the department, from November 2020 to August 2022, Russell managed the R3 crypto fund. He promised […]

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ForkLog 18 29.05.2024

SEC Withdraws Lawsuit Against DEBT Box, Ordered to Pay $1.8 Million in Costs

A US federal court ordered the SEC to pay approximately $1.8 million in costs related to the case against the mining company Digital Licensing, also known as DEBT Box. This amount includes fees for defense attorneys and other litigation expenses. “With this order, the court ensures that the final amount requested by both parties is […]

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ForkLog 19 28.05.2024

Former FTX Executive Sentenced to 7.5 Years in Prison

The Southern District of New York court has sentenced Ryan Salame, the former CEO of FTX’s Bahamian division, to 90 months (7.5 years) in prison. According to the U.S. Department of Justice, he also received three years of probation, was ordered to forfeit $6 million, and pay over $5 million in restitution. Prosecutor Damian Williams […]

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ForkLog 16 24.05.2024

Court Sides with SEC Against YouTuber Ian Balina

Crypto investor and YouTuber Ian Balina violated U.S. securities laws in promoting and selling SPRK tokens, a Texas court ruled. In 2022, the U.S. Securities and Exchange Commission (SEC) accused Balina of participating in the unregistered ICO of Sparkster. The project marketed itself as a “no-code” development platform. It completed a crowdsale in July 2018, […]

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ForkLog 14 24.05.2024

Binance Executive Contracts Malaria in Nigeria, Court Hearing Postponed to June 20

A Nigerian court has postponed the trial concerning Binance due to the illness of the accused, Tigran Gambaryan, Vice President of Global Intelligence and Investigations at the cryptocurrency exchange. This was reported by Reuters. The defense stated that the defendant’s health deteriorated sharply on Wednesday, May 22, preventing him from attending the hearing. “He received […]

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ForkLog 31 23.05.2024

Case of 2718 BTC Bribery Reaches Moscow Region Court

The Balashikha court has received a criminal case against former Moscow investigator Marat Tambiev and his subordinate Kristina Lyakhovenko, accused of accepting a substantial bribe in bitcoins from members of the hacker group Infraud Organization, as reported by Kommersant. The jurisdiction was changed due to concerns about Tambiev’s potential connections within the Moscow judiciary. Previously, […]

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ForkLog 16 23.05.2024

Russian Supreme Court Mandates Verification of Bitcoin Wallet Ownership in Legal Cases

The Supreme Court of Russia has ordered a retrial in a case concerning illicit enrichment through cryptocurrency, citing an unfounded decision by the appellate court. This was reported by RAPSI. According to the case details, the plaintiff lent the defendant 313,008 USDT with interest, but the defendant failed to repay. The plaintiff alleged unjust enrichment […]

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ForkLog 82 23.05.2024

Alleged BTC-e Co-owner Released on $3 Million Bail

Alexander Klimenko, a Belarusian and Cypriot citizen and alleged co-owner of the cryptocurrency exchange BTC-e, accused by U.S. authorities of conspiracy to launder money and operate an illegal financial business, was released on bail of $3 million in early May. This was reported by the Telegram channel “Mendeleevshina”. According to the document provided, the individual […]

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ForkLog 6 22.05.2024

US Prosecutors Seek Up to Seven Years for Former FTX Executive

US prosecutors have recommended a prison sentence of five to seven years for Ryan Salame, the former CEO of FTX’s Bahamian division. In September 2023, Salame pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange. The charges involve conspiracy to make illegal donations and operating an unlicensed money-transmitting business. Sentencing is […]

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ForkLog 53 21.05.2024

Key Figure in ‘Finiko’ Pyramid Sentenced to 4.5 Years in Prison

The Vakhitovsky District Court of Kazan has found Lilia Nuriyeva, a prominent participant in the financial pyramid scheme ‘Finiko’, guilty of fraud and involvement in a criminal organization, sentencing her to 4.5 years in prison. This was reported by local media. According to the case materials, the 42-year-old Nuriyeva defrauded 161 individuals between July 2019 […]

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