Court Cases | ForkLog

ForkLog 33 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 15 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 15 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 15 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 6 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 14 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 13 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 53 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 31 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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ForkLog 20 20.05.2024

Craig Wright Accused of Perjury by Court

Judge James Mellor issued a written decision in the case of the Crypto Open Patent Alliance (COPA) against Craig Wright, accusing the latter of perjury during the proceedings. From the written judgment: “…Dr Wright presents himself as an extremely clever person. However, in my judgment, he is not nearly as clever as he thinks he […]

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ForkLog 14 17.05.2024

Nigerian Court Denies Bail to Binance Executive

On May 17, the Federal High Court in Abuja rejected a bail application for Tigran Gambaryan, Vice President of Global Intelligence and Investigations at cryptocurrency exchange Binance, according to local media. Reports indicate that the judge, after a thorough review of the application, concluded that the accused would not appear in court if released on […]

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