Court Cases | ForkLog

ForkLog 22 01.05.2024

Roger Ver Arrested for Tax Evasion

Roger Ver, known as ‘Bitcoin Jesus’ and the founder of Bitcoin.com, has been detained in Spain following charges by the U.S. Department of Justice for tax fraud. Authorities are seeking his extradition to the United States, where he faces charges of mail fraud, tax evasion, and filing false returns. According to law enforcement, Ver allegedly […]

AI translated

ForkLog 54 30.04.2024

Binance Founder Changpeng Zhao Sentenced to Four Months in Prison

A federal court in Seattle is currently hearing the case of Changpeng Zhao (CZ), where U.S. authorities accuse the former head of Binance of money laundering and other illegal activities.

AI translated

ForkLog 12 30.04.2024

ConsenSys Lawsuit Reveals SEC’s Stance on Ethereum as a Security

The lawsuit filed by ConsenSys against the SEC has unveiled additional details about the regulator’s position on Ethereum. Legal experts suggest this could lead to a protracted legal battle. New Revelations According to an investigation by Fox Business journalist Eleanor Terrett, the agency and its chairman, Gary Gensler, regarded the second-largest cryptocurrency by market capitalization […]

AI translated

ForkLog 16 30.04.2024

Samourai Wallet Founder Released on Bail, Pleads Not Guilty

Keonne Rodriguez, co-founder and CEO of the anonymous Bitcoin wallet Samourai Wallet, has pleaded not guilty to charges of operating an unlicensed money transmitting business and laundering illicit proceeds. This was reported by CoinDesk. On April 29, Rodriguez was released on a $1 million bond, secured by real estate in Pennsylvania and co-signed by his […]

AI translated

ForkLog 19 29.04.2024

Legal Expert Criticises US Justice Department’s Statements in Tornado Cash Case

The US Department of Justice’s stance in the case against Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, is based on evident disregard for privacy and new technologies, as well as a misapplication of the law, according to Amanda Tuminelli, head of the legal department at DeFi Education Fund. The DOJ’s opposition to Roman […]

AI translated

ForkLog 18 26.04.2024

US Influencer Sentenced to Seven Years for Cryptocurrency Fraud

A federal court in Brooklyn has sentenced Instagram influencer Jebara Igbara, known as Jay Mazini, to 84 months in prison for orchestrating cryptocurrency scam schemes. He was found guilty of wire fraud, conspiracy, and money laundering amounting to at least $8 million. The sentence also mandates the forfeiture of $10 million from the defendant. The […]

AI translated

ForkLog 12 26.04.2024

SEC Accuses Bitcoin Miner Geosyn Mining of $5.6 Million Fraud

SEC filed a lawsuit against the mining company Geosyn Mining and its two co-founders, accusing them of an unregistered and fraudulent securities offering. The regulator claims that the firm, along with Caleb Ward (CEO) and Jeremy McNatt (COO), raised approximately $5.6 million from more than 60 investors between November 2021 and December 2022. The defendants […]

AI translated

ForkLog 12 24.04.2024

Changpeng Zhao Admits to “Poor Decisions” and Accepts Responsibility

Changpeng Zhao (CZ), founder and former CEO of Binance, apologized for “poor decisions” and accepted “full responsibility” for his actions in a letter to the judge, as reported by CoinDesk. In November 2023, CZ pleaded guilty to failing to maintain an effective anti-money laundering program at Binance during his tenure as the company’s head. As […]

AI translated

ForkLog 53 24.04.2024

SEC Seeks $5.3 Billion Penalty for Do Kwon and Terraform Labs

The U.S. Securities and Exchange Commission (SEC) filed a motion seeking $5.3 billion in compensation and fines from Terraform Labs (TFL) and its founder, Do Kwon. On April 5, a jury in the Southern District of New York found TFL and Kwon guilty of investor deception and securities fraud. The trial lasted nine days and […]

AI translated

ForkLog 16 24.04.2024

US Prosecutors Seek 36-Month Sentence for Binance Founder Changpeng Zhao

Changpeng Zhao (CZ), the founder and former CEO of Binance, faces a 36-month prison sentence after pleading guilty to violating anti-money laundering laws. This is according to a motion filed by US prosecutors, reports Reuters. “Given the scale of the deliberate violation of US law and its consequences, a sentence exceeding the established term of […]

AI translated

ForkLog 17 23.04.2024

US Blockchain Associations Challenge SEC’s Regulatory Approach

The Blockchain Association (BA) and the Texas Crypto Freedom Alliance (CFAT) have filed a complaint against the SEC, accusing it of “capricious rulemaking” and “erroneous attacks” on the digital asset industry. The organizations seek to overturn the “Dealer Rule” due to various violations of the Administrative Procedure Act (APA) by the agency, which “prevent industry […]

AI translated

ForkLog 15 23.04.2024

Binance Faces Canadian Lawsuit Over Securities Violations

A class action lawsuit has been filed against Binance in Canada. A group of investors claims the exchange violated local securities laws. The plaintiffs, represented by Christopher Lochan and Jeremy Leader, allege that the platform sold cryptocurrency derivatives to retail users without proper registration. The investors have demanded compensation from Binance and an end to […]

AI translated

#Court Cases