Court Cases | ForkLog

ForkLog 87 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 140 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 31 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 43 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 27 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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ForkLog 20 09.05.2025

Celsius Founder Sentenced to 12 Years in Prison

On May 8, a New York court sentenced Celsius founder Alex Mashinsky to 12 years in prison. The former CEO will also forfeit $48 million and real estate, according to Reuters. In December 2024, Mashinsky pleaded guilty to commodities fraud and manipulating the price of the CEL token. Judge John Keltl described the crimes as […]

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ForkLog 181 07.05.2025

CFTC Withdraws Claims Against Kalshi

The U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its appeal in the dispute with the prediction platform Kalshi. The CFTC has moved to dismiss its appeal against us. Election markets are here to stay. pic.twitter.com/me4pS8uFOj — Kalshi (@Kalshi) May 6, 2025 “Election prediction markets are here to stay,” the company stated. The agreement stipulates […]

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ForkLog 24 06.05.2025

Alex Mashinsky’s Lawyers Seek to Reduce Prison Sentence to One Year

The defense team for Celsius founder Alex Mashinsky has requested the court to limit his prison sentence to one year, rejecting the U.S. Department of Justice’s recommendation of a 20-year term. The lawyers described the prosecution’s demands as a “death sentence” for the 59-year-old entrepreneur. In December 2024, Mashinsky pleaded guilty to commodities fraud and […]

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ForkLog 32 06.05.2025

Kenyan Court Orders Deletion of User Data by World Project

The High Court of Kenya has ordered the deletion of biometric data collected by Sam Altman’s blockchain project, World. JUDGMENT: High Court safeguards the right to privacy Today, Lady Justice Aburili Roselyne has allowed our Judicial Review Application, where we challenged the collection, processing, and transfer of iris and facial images (biometric data) using the […]

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ForkLog 24 30.04.2025

FTX Sues Gaming Platform Delysium Over Unpaid Tokens

The bankrupt exchange FTX has filed lawsuits against the NFT marketplace Stars and the blockchain gaming company Kurosemi, operating under the Delysium brand. The accusation states that both companies failed to deliver tokens owed to the trading platform. (1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token […]

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ForkLog 37 30.04.2025

US Court Blocks OFAC from Reinstating Sanctions on Tornado Cash

A US federal court has prohibited the Office of Foreign Assets Control (OFAC) of the US Treasury from reinstating or imposing renewed sanctions against the Tornado Cash service. The decision by federal judge Robert Pitman responds to a lawsuit by users of the mixer, led by Joseph Van Loon, who called the restrictions “illegal.” Tornado […]

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ForkLog 22 28.04.2025

Russian Court Denies Protection Due to Lack of Cryptocurrency Notification

Russian courts are rejecting cases related to cryptocurrencies if the plaintiff has not informed the Federal Tax Service about owning these assets. This was reported by RBC, citing lawyer Marat Amanliev. His client encountered this issue while attempting to reclaim digital currency from an acquaintance. All judicial instances dismissed the lawsuit, citing the provisions of […]

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