Court Cases | ForkLog

ForkLog 39 24.04.2025

Sentencing for Former Celsius CEO Scheduled for May 8

The sentencing of Alex Mashinsky, co-founder and former CEO of the bankrupt crypto firm Celsius, is set for May 8, according to a motion filed by the prosecution. Prosecutors have requested the inclusion of over 200 victim statements related to the project’s collapse. In December 2024, Mashinsky pleaded guilty to two of the seven charges—commodities […]

AI translated

ForkLog 38 23.04.2025

HEX Founder Claims Victory Over SEC

The U.S. Securities and Exchange Commission (SEC) has decided not to reopen the case against Richard James Schueler, the founder of HEX, PulseChain, and PulseX, known as Richard Heart. The entrepreneur announced this on X, citing a letter from the agency. Today the SEC notified the court that it “…does not intend to file an […]

AI translated

ForkLog 42 22.04.2025

WazirX to Resume Operations Following $235 Million Hack

The Indian cryptocurrency exchange WazirX is preparing to resume operations after a hack in July 2024. The implementation of the restructuring plan and compensation of client funds depends on the decision of the Singapore High Court. FAQ: What’s the current update on the restart of WazirX operations? A: We understand the eagerness around the platform […]

AI translated

ForkLog 38 19.04.2025

HashFlare Founders Ordered to Leave U.S. Despite Court Ruling

The founders of the cloud mining service HashFlare, Sergei Potapenko and Ivan Turygin, have received notifications from the U.S. Department of Homeland Security (DHS) demanding they leave the country, contrary to court instructions. This was reported by their lawyers. In November 2022, the entrepreneurs were arrested by Estonian authorities at the request of the FBI. […]

AI translated

ForkLog 23 12.04.2025

SEC and Binance Seek Further Delay in Legal Proceedings

The U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have requested a federal court to extend the pause in their case by another 60 days. According to the document, since the previous suspension, the parties have engaged in “productive discussions” regarding how the SEC’s crypto task force efforts might impact the Commission’s claims. […]

AI translated

ForkLog 102 11.04.2025

Ripple and SEC Agree to Temporary Pause in XRP Case

Ripple and the U.S. Securities and Exchange Commission (SEC) have jointly requested a 60-day pause in their mutual appeals proceedings. This pause will allow both parties to finalize negotiations to settle the long-standing dispute over the sale of XRP tokens. According to the document, the parties have reached a “preliminary agreement” that requires final approval […]

AI translated

ForkLog 36 11.04.2025

SEC Drops Case Against Helium Network Developer

The U.S. Securities and Exchange Commission (SEC) has dismissed its case against Nova Labs, the developer of Helium. The company had been accused of issuing unregistered securities. The lawsuit was filed in early 2025. It was one of the last initiatives by the SEC against crypto projects under the leadership of former chairman Gary Gensler, […]

AI translated

ForkLog 43 09.04.2025

Virgil Griffith Released from Prison, Former Colleague Reports

Ethereum researcher and developer Virgil Griffith has been released from prison, according to a report by his former Ethereum Name Service (ENS) colleague, Brantly Millegan. VIRGIL GRIFFITH IS OUT OF PRISON!!! just released this morning! he’ll be in a halfway house for a few weeks, and parole after that with work restrictions (so a pardon […]

AI translated

ForkLog 15 09.04.2025

Court Approves Settlement in Shaquille O’Neal’s NFT Project Lawsuit

Former NBA star Shaquille O’Neal has received final court approval for the settlement of a class-action lawsuit by investors in the NFT project Astrals. Florida federal judge Federico Moreno confirmed the settlement between the defendant and a group of plaintiffs led by Daniel Harper. The agreement resulted in the creation of an $11 million fund […]

AI translated

ForkLog 24 08.04.2025

Nigerian Court Postpones Binance Tax Evasion Case

The Federal High Court in Abuja has postponed the tax evasion case against the bitcoin exchange Binance to April 30, as reported by Reuters. The court granted the Federal Inland Revenue Service (FIRS) additional time to prepare a response to the platform’s query regarding the legality of serving court documents via email. Binance’s lawyers noted […]

AI translated

ForkLog 29 08.04.2025

US Demands Disclosure of Bitcoin Creator’s Identity

Attorney James Murphy filed a lawsuit against the US Department of Homeland Security (DHS). He seeks to uncover documents regarding a possible meeting between department officials and Bitcoin’s creator, Satoshi Nakamoto. According to him, the lawsuit was prompted by statements made by DHS special agent Rana Saud at a 2019 conference. At that time, she […]

AI translated

ForkLog 18 07.04.2025

US Court Blocks AI Avatar from Speaking

In a New York appellate court, a man attempted to replace himself with an AI avatar. Jerome Dewald, 74, sent an AI-created avatar instead of presenting his own oral arguments during a hearing on a labor dispute. The video was played during the session, but Judge Sallie Manzanet-Daniels immediately demanded it be turned off. She […]

AI translated

#Court Cases