Court Cases | ForkLog

ForkLog 16 29.03.2024

Detained Binance Executive Sues Nigerian Government

Tigran Gambaryan, Vice President for Global Intelligence and Investigations at cryptocurrency exchange Binance, who has been in custody in Nigeria since February 25, has filed a lawsuit against the country’s authorities for violating his rights, according to local media. The charges are specifically directed at Nigeria’s National Security Adviser Nuhu Ribadu and the Economic and […]

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ForkLog 16 28.03.2024

Sam Bankman-Fried Sentenced to 25 Years in Prison

Former FTX head Sam Bankman-Fried (SBF) has been sentenced to 25 years in prison by the Southern District of New York court.

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ForkLog 18 28.03.2024

Co-founder of Defunct QuadrigaCX Ordered to Disclose Asset Origins

The Supreme Court of British Columbia (Canada) has demanded that Michael Patryn, co-founder of the defunct cryptocurrency exchange QuadrigaCX, explain the origins of his personal assets, including luxury items. “The international criminal activities of Quadriga Coin Exchange (QuadrigaCX) resulted in thousands of people losing their savings,” stated Canada’s Minister of Public Safety and Solicitor General, […]

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ForkLog 13 28.03.2024

Dutch Prosecutors Seek 64-Month Sentence for Tornado Cash Developer

The Dutch prosecution has requested a 64-month prison sentence for Tornado Cash developer Alexey Pertsev, accused of laundering $1.2 billion. This was reported by CoinDesk. The final verdict is scheduled to be announced on May 14. Pertsev is charged with conducting at least 36 illegal transactions through the crypto mixer from July 9, 2019, to […]

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ForkLog 13 26.03.2024

Surge in Cryptocurrency-Related Court Cases in Russia

In 2023, Russian courts examined 2,653 cases related to cryptocurrencies, a fivefold increase from the 510 cases in 2021. This information comes from a study by the educational platform Moscow Digital School and the law firm EBR, available to ForkLog. 62% of last year’s proceedings were related to bankruptcy disputes, marking a 91% rise from […]

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ForkLog 14 26.03.2024

SEC Seeks $2 Billion Penalty for Ripple Labs

The United States Securities and Exchange Commission (SEC) intends to request a court to impose a $2 billion fine on Ripple Labs, including penalties. This information has reached the firm’s legal representatives. As you will see when the SEC’s brief is made public tomorrow, they ask the Judge for $2B in fines and penalties. 1/4 […]

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ForkLog 12 25.03.2024

Binance Executive Allegedly Flees Nigeria

Nadeem Anjarwalla, Binance’s Director for West and East Africa, has reportedly left Nigeria illegally, according to local media. Reports indicate that the executive escaped custody on March 22 after being taken to a nearby mosque for prayers. Anjarwalla departed Abuja on a Middle Eastern airline. Immigration officials stated he left Nigeria using a Kenyan passport. […]

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ForkLog 15 23.03.2024

Montenegro to Release Do Kwon Amid Extradition Deliberations

The High Court of Podgorica has decided to release Do Kwon, co-founder of Terraform Labs (TFL), according to local publication Vijesti. Darko Vukcevic, the prison warden in Spuž, informed Bloomberg that Kwon will be released on March 23 following the completion of his sentence for attempting to cross the border with forged documents. Goran Radic, […]

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ForkLog 7 22.03.2024

US Government Claims $3-5 Billion from FTX

The US government’s claims against the assets of the collapsed FTX are expected to range from $3 billion to $5 billion, according to The Block, citing court documents. The tax claims by the authorities are not yet fully determined. However, administrative expenses and claims from non-government creditors will be prioritized for payment. The debtors have […]

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ForkLog 17 21.03.2024

British Woman Convicted of Laundering $6 Billion in Bitcoin

A London jury has found 42-year-old Jian Wen guilty of laundering $6 billion in bitcoin linked to fraud in China, according to Bloomberg. Between 2017 and 2022, the accused assisted in legitimizing criminal funds for one Zhimin Qian, whom prosecutors described during hearings as a “supervillain.” Investigators claim the fraudulent scheme in China defrauded over […]

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ForkLog 12 21.03.2024

Montenegro Confirms Extradition of Do Kwon to South Korea

Do Kwon, co-founder of Terraform Labs (TFL), is set to be extradited to South Korea. The final decision was made by the Montenegrin Court of Appeals, reports Radio Free Europe. In early March, the High Court of Podgorica approved the entrepreneur’s extradition to the Korean authorities. March 22, 2024 | 10:00Update: The Supreme State Prosecutor’s […]

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ForkLog 18 20.03.2024

Steve Wozniak Prevails in Legal Battle Against YouTube

Apple co-founder Steve Wozniak has secured another legal victory in his ongoing battle against YouTube over the use of fake videos featuring the entrepreneur in a bitcoin scam. This was reported by Bloomberg. The San Jose appeals court overturned a lower court ruling that had absolved the video hosting platform of any liability. According to […]

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