Court Cases | ForkLog

ForkLog 22 26.01.2024

OneCoin Lawyer Sentenced to 10 Years in Prison

On January 25, a US federal court sentenced a lawyer who laundered $400 million for the cryptocurrency pyramid scheme OneCoin to 10 years in prison, as reported by InnerCityPress. Scott: I have sympathy for OneCoin’s victims .Judge Ramos: I sentence you to ten years — Inner City Press (@innercitypress) January 25, 2024 Mark Scott was […]

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ForkLog 8 25.01.2024

Court Denies Binance’s CZ $4.5 Billion Bail Request for UAE Departure

In December 2023, a court rejected the request of former Binance CEO Changpeng Zhao (CZ) to return home to the UAE, despite a proposed bail of $4.5 billion. This is detailed in the case documents. CZ planned to leave on January 4 for several weeks, as he anticipated a “hospitalization and surgical operation” for a […]

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ForkLog 24 24.01.2024

Ukraine Tallies Cryptocurrency-Related Criminal Cases in Courts

Since 2014, the Unified State Register of Court Decisions in Ukraine has recorded information on over 1,500 rulings in criminal cases related to various cryptocurrencies, according to local media. The majority of these criminal cases (420 proceedings) are associated with fraud, often involving activities of various financial pyramids. In 345 cases, digital assets are mentioned […]

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ForkLog 15 24.01.2024

Tornado Cash Developers Launch Fundraising for Legal Defense

Co-founders of Tornado Cash, Roman Storm and Alexey Pertsev, have established the JusticeDAO fund to raise money for legal representation. 2024 is the year that will define the rest of my life.Honestly, I’m scared. But also hopeful that this community cares with a passion.Please donate towards my legal defense.https://t.co/dQ7SCBesIm pic.twitter.com/0jeievSUxc — Roman S (@rstormsf) January […]

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ForkLog 16 23.01.2024

SEC and Binance Present Arguments on Digital Assets in Court

On January 22, hearings took place in the case of the SEC against the cryptocurrency exchange Binance. Both parties responded to the judge’s questions regarding the nature of digital assets. The regulator filed a lawsuit against the trading platform and its former CEO, Changpeng Zhao, on June 5, 2023, bringing 13 charges, including the sale […]

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ForkLog 29 23.01.2024

Kazakh Court Convicts P2P Traders as Accomplices in Phone Scam

On December 19, 2023, the Almaty District Court sentenced two organizers of P2P transactions to prison terms, deeming them participants in a fraudulent scheme, according to the legal agency Cartesius. The investigation into the defendants began a year and a half ago. According to the case materials, two individuals conducted P2P transactions for cash through […]

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ForkLog 15 22.01.2024

Terraform Labs Files for Chapter 11 Bankruptcy

The non-profit organization Terraform Labs (TFL), associated with UST and LUNA, has filed a bankruptcy petition under Chapter 11 of the U.S. Bankruptcy Code. In December, the Southern District of New York court sided with the U.S. Securities and Exchange Commission (SEC) in its lawsuit against TFL and its founder Do Kwon. In a summary […]

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ForkLog 37 18.01.2024

Former Bithumb Chairman Acquitted of Fraud Charges Again

On January 18th, the Seoul High Court acquitted Lee Jong-hoon, the former chairman of the South Korean cryptocurrency exchange Bithumb, for the second time on charges of fraud and deceiving investors out of $70 million, according to local media. The lawsuit against Lee was filed by cosmetic surgeon and co-founder of the Blockchain Exchange Alliance […]

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ForkLog 18 16.01.2024

SEC Supports Do Kwon’s Request to Delay TFL Hearing

SEC has supported the request of Do Kwon, co-founder of the collapsed Terraform Labs (TFL), to postpone a court hearing. This was reported by Cointelegraph, citing court documents. January 17, 2024 | 10:26Update: The court granted Do Kwon’s request and set a new hearing date for March 25. “Despite Kwon’s statement that he has agreed […]

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ForkLog 9 12.01.2024

Unresolved Issues: FTX Creditors’ Complaints and Ripple Case Resurgence

In 2024, the upheavals of past years in the cryptocurrency market continue to make their presence felt. Recently, creditors of the collapsed FTX deemed the compensation amounts “unfair,” while the SEC once again attempted to revive the Ripple case. A Flawed Plan FTX creditor activist Sunil Kavuri reported that he and lawyers from the firm […]

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ForkLog 23 10.01.2024

US Arrests Promoter of HyperVerse Crypto Scam

In the United States, Rodney Burton, known as Bitcoin Rodney, was arrested at the request of the IRS. He is linked to the fraudulent crypto project HyperVerse, which amassed $7.85 million. Burton has been charged with operating an unlicensed money transfer business. Founded in June 2020, HyperVerse, which did not obtain legal entity status, was […]

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ForkLog 13 09.01.2024

Andrew Tate Seeks Return of 21 BTC Seized by Authorities

The Bucharest Court of Appeal has accepted the request of blogger and former kickboxer Andrew Tate for a reassessment of assets seized by the state in early 2023, valued at $10 million, including 21 BTC (approximately $980,000 at the time of writing). This was reported by Reuters. In June, Tate, along with his brother Tristan […]

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