Court Cases | ForkLog

ForkLog 20 22.05.2025

SafeMoon Founder Faces Up to 45 Years for Investor Fraud

A federal jury has found Braden John Karony, CEO of the DeFi project SafeMoon, guilty of cryptocurrency fraud. According to prosecutors, the accused and his accomplices misappropriated funds from the liquidity pool, despite public assurances of its safety and lock-up. Karony was convicted on three counts: conspiracy to commit securities fraud; wire fraud; money laundering. […]

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ForkLog 43 21.05.2025

Bancor Team Sues Uniswap Over AMM Patent Use

The developers of the decentralized exchange (DEX) Bancor have filed a lawsuit against competitor Uniswap, seeking damages for the alleged infringement of its patent. According to the lawsuit, the defendant used the automated market maker (AMM) without permission and profited significantly from it. Bancor patented the technology developed in 2016 in January 2017. Uniswap employed […]

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ForkLog 5 21.05.2025

SEC Accuses Unicoin of $100 Million Fraud

The Securities and Exchange Commission (SEC) charged Unicoin and three of its executives with fraudulently offering certificates for its token and shares. The lawsuit names the following individuals: Chairman and CEO Alex Konanykhin; former head and current board member Silvina Moschini; former Chief Investment Officer Alex Dominguez. According to the SEC, the company made unverified […]

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ForkLog 13 20.05.2025

Binance Seeks Dismissal of FTX’s $1.76 Billion Lawsuit

Cryptocurrency exchange Binance has filed a motion to dismiss a $1.76 billion lawsuit from FTX. The company’s lawyers described the claims as “legally deficient” and demanded the case be dropped. FTX filed the lawsuit last November, accusing Binance of intentionally withdrawing funds through a 2021 deal. At that time, the former bought back 20% of […]

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ForkLog 9 19.05.2025

Strategy Faces Allegations of Concealing Bitcoin Risks

On May 19, the company Strategy was hit with a class-action lawsuit. The firm’s leadership is accused of making “false or misleading statements” about the profitability of its bitcoin strategy and concealing the asset’s volatility risks. The allegations involve Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang. The plaintiffs cite violations of securities […]

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ForkLog 30 18.05.2025

Argentine President’s Bank Records Sought in LIBRA Coin Investigation

Judge Maria Servini has mandated banks to provide account statements for Argentine President Javier Milei as part of a civil lawsuit concerning the promotion of the meme coin LIBRA, according to local media. The request also extends to his sister, Karina Milei, who is suspected of collaborating with businessmen involved in launching the token. Both […]

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ForkLog 13 16.05.2025

US Charges Loom for Tornado Cash Developer Roman Storm

The US Department of Justice plans to file criminal charges against Roman Storm, developer and co-founder of the cryptocurrency mixer Tornado Cash, according to Decrypt, citing a department representative. Federal prosecutors allege that Storm conspired to launder money, evade US sanctions, and operate an unlicensed money transmission business through Tornado Cash. The trial is set […]

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ForkLog 44 15.05.2025

Sonic Labs Secures Liquidation of Multichain to Recover Funds After $210 Million Hack

A Singapore court has approved the liquidation of Multichain Foundation following a lawsuit by Sonic Labs to recover damages from a cross-chain protocol hack in 2023. One-third of the stolen amount belonged to Sonic Labs. KPMG Singapore has been appointed as joint liquidator. Sonic Labs filed the lawsuit back in March 2023, after Multichain ceased […]

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ForkLog 68 13.05.2025

Expert Comments on En+’s 1.2 Billion Ruble Lawsuits Against BitRiver

En+ entities are engaged in legal battles with Russian data center operator BitRiver, seeking over 1.21 billion rubles in two separate cases, according to Kommersant. In late April, the Arbitration Court of the Irkutsk Region granted a claim by “Infrastructure of Siberia” (part of En+) to recover 954.4 million rubles from GC “Fox,” which owns […]

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ForkLog 22 11.05.2025

Teenagers in Las Vegas Accused of Kidnapping and Robbing Crypto Investor

Three teenagers in the United States have been charged with kidnapping, extortion, and stealing crypto assets worth $4 million, according to local outlet 8 News Now. Authorities have arrested two of the alleged perpetrators, both 16-year-old residents of Florida. It is reported that a court had previously recognized the youths as adults. The third participant […]

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ForkLog 25 11.05.2025

BSV Investors Renew Compensation Demands Over Delisting

A group of Bitcoin SV investors, stemming from the Bitcoin Cash hard fork, intends to continue legal proceedings against Binance following the coin’s delisting in 2019. The coin was removed as part of a routine “re-evaluation” of listed assets. The delisting was announced amid criticism of BSV’s creator, Craig Wright, who had declared himself to […]

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ForkLog 18 10.05.2025

Prosecutors Refuse to Drop Case Against Samourai Wallet Developers

Prosecutors in the case against the anonymous cryptocurrency wallet Samourai Wallet have dismissed the defense’s accusations of concealing crucial information and have refused to withdraw the lawsuit, prolonging the ongoing legal battle. This was reported by Zack Shapiro, Head of Policy at the Bitcoin Policy Institute. Further Update: @SDNYnews declines to drop charges against Samourai […]

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