Court Cases | ForkLog

ForkLog 28 28.04.2025

Celsius Creditors Demand Life Sentence for Alex Mashinsky

Among the more than 200 victims of the Celsius collapse, many have called for a life sentence for the company’s founder, Alex Mashinsky, according to Bloomberg. “[Mashinsky] was aware of his actions and destroyed many lives. […] He should face punishment similar to Bernie Madoff and be sentenced to life imprisonment,” emphasized an investor who […]

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ForkLog 19 27.04.2025

Nike Faces Lawsuit Over NFT Project Closure

Buyers of NFTs from Nike-affiliated studio RTFKT have filed a class action lawsuit against the company, seeking compensation for losses due to the project’s termination, as reported by Reuters. Nike acquired RTFKT in 2021 to “expand its digital presence.” As a division of the corporation, the studio released several NFT collections and “digital sneakers” under […]

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ForkLog 21 24.04.2025

US Prosecutors Seek Eight-Year Sentence for Mango Markets Attacker

Prosecutors from the Southern District of New York have requested a prison sentence of 78 to 97 months for Avraham Eisenberg, found guilty in the attack on the DeFi project Mango Markets in 2022. The hearing is scheduled for May 1. “This sentence is necessary, among other things, to properly reflect the seriousness of the […]

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ForkLog 41 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 […]

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ForkLog 46 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 […]

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ForkLog 45 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 […]

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ForkLog 44 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. […]

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ForkLog 24 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. […]

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ForkLog 103 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 […]

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ForkLog 41 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, […]

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ForkLog 47 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 […]

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ForkLog 18 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 […]

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