Court Cases | ForkLog

ForkLog 9 17.03.2023

Lawsuit filed against YouTube influencers for promoting FTX

Several YouTube bloggers faced a class-action suit for "active promotion" of the collapsed cryptocurrency exchange FTX, The Block reports.

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ForkLog 11 16.03.2023

Sam Bankman-Fried seeks to have FTX cover his legal bills

Former FTX boss Sam Bankman-Fried (SBF) sought to use Directors&Officers Liability insurance to cover the lawyers' bills, The Block reports.

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ForkLog 14 13.03.2023

AI startup accused of illegal legal practice

DoNotPay, the company developing an AI-powered lawyer, faced a collective lawsuit over allegedly practicing law without a license.

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ForkLog 9 09.03.2023

Voyager Digital to set aside $445 million for Alameda Research payouts

A federal judge approved the agreement between the FTX exchange and Voyager Digital, under which the crypto broker will reserve $445 million to pay claims by Alameda Research. The Block reports.

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ForkLog 13 07.03.2023

FTX files suit against Grayscale Investments

The plaintiff, the collapsed FTX exchange, filed a lawsuit against Grayscale Investments, accusing the firm of mismanaging funds and breaching the trust agreement.

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ForkLog 15 03.03.2023

FTX CEO cites a ‘substantial capital shortfall’ at the platform

At present, it is not possible to accurately calculate or model the size of compensation for FTX clients' losses. This was stated by John Ray, the CEO of the platform going through the bankruptcy process, according to The Block.

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ForkLog 5 03.03.2023

Michael Saylor to Stand as Defendant in Tax-Fraud Case

The Supreme Court of the District of Columbia denied MicroStrategy founder Michael Saylor's motion to dismiss the income tax suit.

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ForkLog 10 02.03.2023

Celsius creditors approve NovaWulf plan to recover 70% for small depositors

The creditors committee of the Celsius Network crypto-lending platform has agreed with NovaWulf Digital Management's debt settlement proposal. It is expected that clients with deposits under $5,000 will recover 70% of their funds, The Block reports.

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ForkLog 10 02.03.2023

American investor sues Nexo

A California resident, John Kress, filed a lawsuit against the crypto-lending platform Nexo for damages arising from "fraudulent inducement" to borrow. The Block reports this.

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ForkLog 11 01.03.2023

SEC accuses former FTX top executive of deceiving investors

The former FTX chief technology officer Nishad Singh was 'an active participant' in a plan to defraud the platform's customers, according to a statement settling the SEC's claims.

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ForkLog 7 24.02.2023

Workday recruitment algorithms accused of discrimination

Workday has been accused of developing recruiting algorithms that lead to biased treatment of Black applicants aged over 40.

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ForkLog 8 24.02.2023

US school employee sought in connection with illegal cryptocurrency mining operation

An employee of a Massachusetts school, suspected of illegal cryptocurrency mining and electricity theft, has gone on the run.

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