Court Cases | ForkLog

ForkLog 9 17.01.2023

Four Britons jailed for laundering $26m worth of cryptocurrency

The Crown Court in Preston handed down sentences to four individuals for fraud and money laundering of cryptocurrency worth about $26 million from one of the Australian exchanges.

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ForkLog 14 17.01.2023

Artists sue Stability AI and Midjourney over training their image-generation algorithms on their images

Three artists have filed a class-action lawsuit against image-generator developers over alleged copyright violations.

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ForkLog 11 17.01.2023

Nexo sues Cayman Islands regulator over license rejection

Nexo challenged in court the Cayman Islands Monetary Authority's rejection of its license application.

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ForkLog 19 16.01.2023

Court orders Bithumb to compensate customers for platform outages

The Supreme Court of Korea ordered Bithumb to pay a total of 251.4 million KWN ($202,400) on behalf of 132 investors as compensation for damages due to the platform's temporary downtime, Yonhap reports. The incident occurred on November 12, 2017. The services were down for about an hour and a half. Initially the district court rejected the claim, forcing the investors to appeal. The Supreme Court delivered the opposite verdict.

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ForkLog 9 13.01.2023

Media outlets seek disclosure of anonymous co-signers for Sam Bankman-Fried

A group of leading publications appealed to U.S. District Judge Lewis Kaplan of the Southern District of New York to disclose information about two individuals who acted as guarantors for Sam Bankman-Fried's bail (SBF).

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ForkLog 11 13.01.2023

Hodlnaut creditors rejected restructuring plan

The crypto-lending platform Hodlnaut is considering liquidation after creditors rejected the proposed restructuring plan. Bloomberg reports.

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ForkLog 11 13.01.2023

Court orders $17 million in restitution for about 800 BitConnect victims.

A federal district court in San Diego (US) ordered the distribution of $17 million among roughly 800 victims of the BitConnect Ponzi scheme, worth $2.4 billion.

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ForkLog 6 13.01.2023

Court authorises FTX to begin selling LedgerX and other units

FTX may begin a search for buyers for its business units to raise liquidity for creditor settlements. This was stated by the bankruptcy judge in the context of the restructuring of the bitcoin exchange.

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ForkLog 9 11.01.2023

Mark Cuban to testify in Voyager case

On February 2, 2023, Dallas Mavericks owner and billionaire Mark Cuban will testify in the proceedings initiated by the creditors of the bankrupt lender Voyager Digital.

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ForkLog 20 10.01.2023

Startup offers $1 million to use AI in U.S. Supreme Court cases

DoNotPay's CEO Joshua Browder proposed that lawyers use AI in any upcoming Supreme Court case, offering to pay $1 million.

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ForkLog 21 10.01.2023

CFTC files suit against participant in Mango Markets DeFi attack

The U.S. Commodity Futures Trading Commission (CFTC) charged Avraham Eisenberg with fraud and market manipulation to illicitly obtain more than $110 million from the Mango Markets DeFi platform in connection with the attack.

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ForkLog 8 09.01.2023

Former FTX leadership accused of $40m spending on luxury hotels and meals

Nine months before the collapse of the FTX cryptocurrency exchange, its top management spent $40 million on hotels, air travel and meals. This is reported citing court documents by Business Insider.

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