Court Cases | ForkLog

ForkLog 25 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 […]

AI translated

ForkLog 20 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 […]

AI translated

ForkLog 14 16.05.2024

Tornado Cash Developer Appeals Conviction

Alexey Pertsev, the developer behind the cryptocurrency mixer Tornado Cash, has appealed his guilty verdict, according to CoinDesk.

AI translated

ForkLog 16 15.05.2024

Former FTX Executive Seeks 18-Month Sentence

Lawyers for former FTX Digital CEO Ryan Salame have requested a lenient sentence of 18 months in prison for their client. This was reported by CoinDesk, citing court documents. While at FTX and Alameda, Salame managed bank deposits and fiat conversions for the exchange’s clients, participated in funding political campaigns, and led charitable initiatives in […]

AI translated

ForkLog 16 14.05.2024

Tornado Cash Developer Sentenced to 64 Months for Money Laundering

On May 14, a Dutch court found Alexey Pertsev, a developer of the cryptocurrency mixer Tornado Cash, guilty of money laundering, as reported by CoinDesk. According to the indictment presented in court, Pertsev was charged with conducting at least 36 illegal transactions amounting to $1.2 billion through the crypto mixer from July 9, 2019, to […]

AI translated

ForkLog 54 09.05.2024

SEC Rejects Ripple’s $10 Million Settlement, Demands $2 Billion

The U.S. Securities and Exchange Commission (SEC) has opposed Ripple Labs’ proposal to pay a $10 million fine for selling XRP to institutional investors. The regulator insists on $2 billion. In its motion, the SEC stated that Ripple’s proposed penalty is a “slap on the wrist.” “It would encourage other crypto asset issuers to violate […]

AI translated

ForkLog 53 08.05.2024

Two Arrested in Connection with Four Dragons Exchange Hack

On May 8, the Pervomaisky District Court in Bishkek ordered the arrest of two individuals suspected of involvement in the recent hack of the cryptocurrency exchange Four Dragons. Sources close to the detainees’ lawyers informed ForkLog of the development. According to these sources, one of the suspects is Marat Zaripov, a former employee of the […]

AI translated

ForkLog 11 08.05.2024

UK Cybercriminals Jailed for Blockchain.com Phishing Scam

In the United Kingdom, two cybercriminals have been sentenced for stealing cryptocurrencies worth £5.7 million ($7.1 million) through a phishing site mimicking the exchange Blockchain.com, as reported by BBC. Jake Lee and James Heppel created a counterfeit version of the original service, gaining access to victims’ assets. In total, 55 individuals from 26 countries were […]

AI translated

ForkLog 19 08.05.2024

NFL Star to Compensate Voyager Clients with $1.9 Million

Former NFL player Rob “Gronk” Gronkowski will pay $1.9 million to settle claims from former clients of the crypto lender Voyager Digital. According to a settlement agreement pending court approval, the athlete will contribute this amount to a total pool of $2.42 million. The remaining funds will be provided by NBA player Victor Oladipo and […]

AI translated

ForkLog 20 04.05.2024

Alexander Vinnik Admits to Money Laundering Conspiracy via BTC-e

Russian national Alexander Vinnik has admitted to conspiring to launder money through the cryptocurrency exchange BTC-e. This is stated in a press release from the US Department of Justice. According to the report, Vinnik is responsible for losses amounting to at least $121 million. The department notes that from 2011 to 2017, the platform processed […]

AI translated

ForkLog 30 03.05.2024

Former FTX Executive to Forfeit $5.9 Million Bahamas Villa

Ryan Salame, the former CEO of FTX’s Bahamian division, will transfer ownership of his $5.9 million Bahamas home to the platform’s creditors as part of restitution. The executive has agreed to claims amounting to $5.6 million, as outlined in a petition by FTX Trading Ltd and other stakeholders. Data: Marina Residences at Albany. Source: Albanybahamas.com […]

AI translated

ForkLog 7 02.05.2024

New York Resident Charged with Running $43 Million Crypto Ponzi Scheme

The U.S. Attorney’s Office for the Southern District of New York has charged Idin Dalpur with orchestrating a multi-year Ponzi scheme involving digital assets, causing losses estimated at $43 million. The suspect was arrested on May 1, with the initial court hearing taking place the same day. According to investigators, Dalpur had been running the […]

AI translated

#Court Cases