Court Cases | ForkLog

ForkLog 17 30.01.2024

$150 Million in Cryptocurrency Seized in US Drug Trafficking Case

An Indian citizen has pleaded guilty in a US court to drug distribution and money laundering. The amount of cryptocurrency confiscated from him reached a record $150 million for the history of the DEA. Dark Web Vendor Pleads Guilty to Distributing Narcotics and Forfeits $150Mhttps://t.co/00eoJv0RIn pic.twitter.com/jhDUjHMyWR — Criminal Division (@DOJCrimDiv) January 26, 2024 According to […]

AI translated

ForkLog 34 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 […]

AI translated

ForkLog 10 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 […]

AI translated

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 […]

AI translated

ForkLog 24 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 […]

AI translated

ForkLog 19 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 […]

AI translated

ForkLog 33 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 […]

AI translated

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 […]

AI translated

ForkLog 64 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 […]

AI translated

ForkLog 20 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 […]

AI translated

ForkLog 13 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 […]

AI translated

ForkLog 31 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 […]

AI translated

#Court Cases