Court Cases | ForkLog

ForkLog 7 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 21 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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ForkLog 25 12.04.2024

Sam Bankman-Fried Appeals His Sentence

Lawyers for former FTX head Sam Bankman-Fried (SBF) have filed an appeal against the court’s decision that sentenced him to 25 years in prison. The motion states that SBF intends to contest all seven charges of money laundering, fraud, and conspiracy. The court also ordered Bankman-Fried to pay a fine of $11 billion. The notice […]

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ForkLog 15 10.04.2024

Former Ethereum Advisor Seeks $9.6 Billion from US Government

Web3 attorney and former Ethereum advisor Steven Nerayoff has filed a lawsuit against the US government, demanding $9.6 billion for a four-year prosecution over a “fabricated” case. Nerayoff was arrested in 2019 on charges of extorting 10,000 ETH from a crypto startup. The legal battle lasted nearly four years and concluded in May 2023 when […]

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ForkLog 13 10.04.2024

Bitcoin Extortionists Abduct Businessman from English Golf Course

The St Albans Crown Court is examining the case of a suspect accused of kidnapping a Chinese businessman for cryptocurrency extortion, as reported by BBC. According to court documents, the attack took place on October 24, 2023, in Hertfordshire. The victim, 30-year-old entrepreneur Dylan Huang, was playing golf with three women when five armed individuals […]

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ForkLog 8 09.04.2024

Trial Begins for Alleged Mango Markets Attacker in the US

On April 9th, a federal court in New York commenced proceedings against Avraham Eisenberg, suspected of orchestrating an attack on the DeFi project Mango Markets in 2022, resulting in the extraction of digital assets worth $116 million. The trial was initially scheduled for December 4, 2023, but was postponed at the defense’s request. Eisenberg was […]

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ForkLog 13 08.04.2024

Nigerian Court Detains Binance Executive

On April 8, a Nigerian court reviewed a complaint by Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who is accused of tax evasion and money laundering amounting to $35 million. This was reported by DL News. The executive pleaded not guilty and claimed his rights were violated. The defense […]

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ForkLog 21 06.04.2024

Do Kwon Found Guilty of Fraud in SEC Case

A jury in the Southern District of New York found Terraform Labs (TFL) and its co-founder Do Kwon guilty of deceiving investors and securities fraud. “We are pleased with today’s jury verdict, which holds TFL and Do Kwon accountable for orchestrating a massive cryptocurrency fraud. [They] misled investors about the stability and security of crypto-assets […]

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ForkLog 18 05.04.2024

Montenegro’s Supreme Court Overturns Do Kwon’s Extradition

Montenegro’s Supreme Court overturned the lower courts’ decision to extradite Terraform Labs (TFL) co-founder Do Kwon. In early March, the High Court of Podgorica approved the extradition of the entrepreneur to South Korean authorities. However, the prosecution objected, citing procedural violations. “In this specific case, the first-instance court could not make a decision in an […]

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ForkLog 30 04.04.2024

Google Sues Distributors of Fraudulent Bitcoin Apps

A federal court in New York is set to hear a lawsuit filed by Alphabet Inc., Google’s parent company, against two Chinese nationals accused of distributing and promoting fraudulent applications. This was reported by Bloomberg. According to the case materials, since 2019, the perpetrators acquired and uploaded 87 applications to Google Play, purportedly offering earnings […]

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ForkLog 21 04.04.2024

Former OneCoin Compliance Chief Sentenced to Four Years in Prison

A U.S. court has sentenced Irina Dilkinska, the former head of legal and compliance for the cryptocurrency pyramid scheme OneCoin, to four years in prison and a $111 million fine. After serving her term, she will spend an additional month under supervision. According to court documents, Dilkinska, along with Ruja Ignatova and Karl Sebastian Greenwood, […]

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ForkLog 14 01.04.2024

Vinnik’s Defense Engages in Plea Negotiations in the US

The defense team for Russian national Alexander Vinnik, accused by US authorities of laundering at least $4 billion through the bitcoin exchange BTC-e, is in plea negotiations. This was stated by lawyer Arkady Bukh in a comment to RIA Novosti. According to him, the defense hopes to secure the best possible deal for their client […]

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