Court Cases | ForkLog

ForkLog 18 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 23 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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ForkLog 14 20.03.2024

Coinbase Allies Urge SEC to Establish Cryptocurrency Regulations

The Crypto Council for Innovation (CCI), venture firm Paradigm, the U.S. Chamber of Commerce, and others have rallied behind Coinbase in its call for the SEC to formulate rules for the digital asset industry, reports The Block. In court filings as amicus curiae, these organizations argued that the Commission lacks a clear strategy for regulating […]

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ForkLog 20 20.03.2024

Goldman Sachs Explores Investment in Crypto Bankruptcy Claims

Goldman Sachs is considering “the possibility of investing in claims against bankrupt companies in the cryptocurrency sector and other options,” according to Matthew McDermott, head of the bank’s digital assets department, as reported by The Block. The executive did not specify whether the institution has begun participating in such deals. Following the collapse of several […]

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ForkLog 21 20.03.2024

Tornado Cash Developer Charged with Laundering $1.2 Billion

Dutch authorities have charged Tornado Cash developer Alexey Pertsev, alleging his involvement in laundering $1.2 billion in illicit funds through the cryptocurrency mixer. This was reported by local media. The indictment mentions 36 transactions deemed illegal by the prosecution. One such transaction, amounting to 175 ETH, is reportedly linked to the March 2022 hack of […]

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ForkLog 21 19.03.2024

Nigeria Demands User Data from Binance

The Federal High Court in Abuja has mandated the cryptocurrency exchange Binance to provide comprehensive information on all Nigerian individuals trading on its platform, according to local media reports. The request was made by the Economic and Financial Crimes Commission, which is investigating the exchange’s activities in the country. The data sought includes the names […]

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ForkLog 47 18.03.2024

WEX ‘Red Admin’ Verdict Upheld by Moscow Court

On March 18th, the Moscow City Court reviewed an appeal by Alexey Bilyuchenko (Ivanov), the system administrator of the cryptocurrency exchange WEX, against a previous guilty verdict. This was reported by journalist Irek Murtazin. The final statement of Alexey Bilyuchenko (Ivanov). Source: Irek Murtazin’s Telegram channel. Bilyuchenko is accused of embezzling 3.1 billion rubles of […]

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ForkLog 10 18.03.2024

Two Convicted for Promoting IcomTech Cryptocurrency Scheme

A New York jury has found two former promoters of the IcomTech cryptocurrency scheme guilty of conspiracy involving electronic fraud. This was reported by the U.S. Department of Justice. According to the case materials, Gustavo Rodriguez began developing a website for IcomTech in mid-2018, which was marketed as a mining and trading company. David Brand, […]

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ForkLog 18 16.03.2024

Prosecutors Seek 40 to 50-Year Sentence for Sam Bankman-Fried

Damian Williams, the U.S. Attorney for the Southern District of New York, has requested that the court sentence Sam Bankman-Fried (SBF), the founder of the collapsed FTX, to a prison term of 40 to 50 years. “With all the advantages of a comfortable childhood, an education at MIT, a prestigious start in finance, and a […]

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ForkLog 20 15.03.2024

Court Rules Craig Wright Is Not Bitcoin’s Creator

British judge James Mellor has ruled that Craig Wright is neither Satoshi Nakamoto nor the author of the Bitcoin white paper, according to CoinDesk. The Crypto Open Patent Alliance (COPA) initiated proceedings against Wright in 2021. The organization filed a lawsuit against the businessman to prevent him from litigating against developers and other members of […]

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ForkLog 7 14.03.2024

Binance Executives to Remain in Custody in Nigeria

Two senior executives from the cryptocurrency exchange Binance, Tigran Gambaryan and Nadim Anjarwalla, will remain in custody in Nigeria at least until March 20. This was reported by the Wall Street Journal. The court hearing for Binance’s case is scheduled for that date. However, the hearing held on March 13 did not officially extend the […]

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ForkLog 25 13.03.2024

Bitcoin Fog Operator Found Guilty of Money Laundering

A jury has found Russian Roman Sterlingov guilty of managing the Bitcoin Fog crypto mixer and laundering over $400 million, including $78 million linked to darknet markets, according to Bloomberg. U.S. authorities arrested the alleged operator of the bitcoin mixing service in April 2021. Sentencing is scheduled for July 15, with Sterlingov facing up to […]

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