Court Cases | ForkLog

ForkLog 36 23.04.2024

WEX’s ‘Red Admin’ Ordered to Pay Additional 18 Billion Rubles

On April 23, the Savelovsky District Court of Moscow granted a claim to recover 18 billion rubles from WEX system administrator Alexey Bilyuchenko (Ivanov). This was reported by journalist Irek Murtazin in his Telegram channel. The plaintiff was the official operator of WEX, the Singaporean company World Exchange Services, represented by owner Igor Pravdin. Until […]

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ForkLog 8 23.04.2024

Bankman-Fried to Assist in Pursuit of FTX Promoters

Sentenced to 25 years in prison, FTX founder Sam Bankman-Fried (SBF) has signed a settlement agreement with a group of the exchange’s clients to aid in the pursuit of the company’s celebrity promoters. In return, the affected investors will withdraw their class-action lawsuit against SBF. The document has yet to be approved by the court. […]

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ForkLog 9 21.04.2024

Nigerian Court Adjourns Binance Tax Evasion Case

A Nigerian court has postponed the tax evasion trial involving cryptocurrency exchange Binance and two of its senior executives to May 17, according to local publication Business Day. On February 25, Nigerian law enforcement detained Tigran Gambaryan, the Vice President for Global Intelligence and Investigations at the platform, and Nadeem Anjarwalla, the Director for West […]

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ForkLog 35 19.04.2024

SEC Justifies Legal Pursuit of Justin Sun Due to Frequent US Visits

In a revised complaint against TRON founder Justin Sun, the SEC stated that his frequent visits to the United States provide grounds for legal action. In March 2023, the regulator accused the entrepreneur and three associated companies of an unregistered offering of securities in the form of TRON (TRX) and BitTorrent (BTT) tokens. The agency […]

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ForkLog 7 19.04.2024

Binance Co-Founder Comments on Changpeng Zhao’s Legal Situation

Former Binance CEO Changpeng Zhao (CZ) is in a “positive situation” ahead of his sentencing in the US on April 30. This was stated by the platform’s co-founder and head of Binance Labs, Yi He. According to her, CZ’s current position in the US is generally calm, and past regulatory pressure was anticipated. He described […]

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ForkLog 6 19.04.2024

Nigerian Court Delays Bail Hearing for Binance Executive

On April 18, the Federal High Court in Abuja postponed the bail hearing for Binance’s Vice President of Global Intelligence and Investigations, Tigran Gambaryan, according to Nairametrics. During the session, a representative from the Economic and Financial Crimes Commission stated that more time was needed to address the “new issues” raised by the defense in […]

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ForkLog 11 19.04.2024

OneCoin Lawyer Released on Bail Pending Appeal

Sentenced to 10 years in prison, lawyer Mark Scott, who laundered $400 million for the cryptocurrency pyramid OneCoin, has been released on bail, reports InnerCityPress. OPEN THE COURTS: In #OneCoin crypto fraud case Inner City Press yesterday filed brief challenging sealing, today convicted money launderer Mark Scott was granted bail pending appeal — that request […]

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ForkLog 8 19.04.2024

Jury Finds Mango Markets Attacker Guilty

On April 18, a jury found Avraham Eisenberg guilty in the case concerning the attack on the DeFi project Mango Markets in 2022, which involved the extraction of digital assets worth $116 million. This was reported by Bloomberg. During the two-week trial, the defense argued that the defendant committed no crimes. According to his lawyers, […]

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ForkLog 7 17.04.2024

Experts Weigh Potential Sentence for Former Binance CEO

A court hearing is scheduled for April 30, where the punishment for Changpeng Zhao (CZ), the founder and former CEO of the cryptocurrency exchange Binance, will be determined. In a discussion with Cointelegraph, lawyers and politicians explored possible outcomes. Charges The former CEO of the trading platform will appear before a judge nearly six months […]

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ForkLog 15 17.04.2024

Nebraska Resident Charged with $1 Million Cryptojacking Scheme

A Nebraska resident has been accused of stealing $3.5 million from cloud computing services to mine cryptocurrencies. Nebraska Man Indicted for Multi-Million Dollar “Cryptojacking” Scheme Defendant Allegedly Stole More Than $3.5 Million in Cloud Computing Services In Order to Mine Cryptocurrency@NewYorkFBI @NYPDnews https://t.co/CExr2Z9FSU — US Attorney EDNY (@EDNYnews) April 15, 2024 According to a press […]

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ForkLog 6 16.04.2024

Founders of ‘Greenstar Mining’ Sentenced to Prison in Irkutsk

On April 11, the Oktyabrsky District Court of Irkutsk delivered a guilty verdict to five residents of the Chelyabinsk region involved in the fictitious sale of cryptocurrency mining equipment through the company ‘Greenstar Mining’. According to the case materials, since 2021, the defendants advertised their services online, offering to supply miners with a 50% prepayment. […]

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ForkLog 16 15.04.2024

Phuket Court Sentences Russians for Cryptocurrency Kidnapping

The Provincial Court of Phuket has sentenced five Russians to prison for the abduction of a Belarusian couple, aiming to extort 31 million baht (approximately $845,700) in cryptocurrency. This was reported by the Bangkok Post. The defendants, who initially denied involvement in the attack, fully confessed during the investigation. Each received a two-year prison sentence […]

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