Court Cases | ForkLog

ForkLog 15 14.11.2022

Bloomberg says customer recovery of FTX funds unlikely

FTX's liquid asset reserves are only $900 million, while its liabilities are estimated at about $9 billion. This follows from an investor presentation prepared by the cryptocurrency exchange before filing for bankruptcy, Bloomberg reports.

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ForkLog 7 10.11.2022

US sentences handed down in case involving sale of secret data for cryptocurrency

A Maryland nuclear engineer and his wife have been sentenced to prison terms for espionage.

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ForkLog 8 10.11.2022

Celsius Seeks Extension of Deadline to File Reorganization Plan

The leadership of Celsius Network, the crypto-lending platform, filed a motion in bankruptcy proceedings for an extension of time to develop a reorganization plan.

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ForkLog 8 09.11.2022

Court rules in Kim Kardashian’s favour in EthereumMax investors’ lawsuit

U.S. court has issued a preliminary ruling in Kim Kardashian and Floyd Mayweather's favour in the class-action suit brought by investors against them over the EthereumMax altcoin (EMAX). Bloomberg reports.

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ForkLog 12 08.11.2022

Court rules LBRY’s tokens are securities

A New Hampshire judge, Paul Barbadoro, granted the SEC's suit against the blockchain startup LBRY for alleged securities-law violations in the sale of its own tokens.

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ForkLog 17 03.11.2022

Bankruptcy petition filed against developer of Russia’s ‘national digital currency’

A bankruptcy petition has been filed against Take Wing, a company partly owned by Ruslan Glazyev, son of former State Duma deputy Sergei Glazyev.

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ForkLog 15 01.11.2022

Hodlnaut losses from Terra collapse estimated at $190 million

Hodlnaut's losses from the Terra collapse amounted to about $190 million, according to a Singapore bankruptcy court filing cited by Bloomberg.

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ForkLog 8 31.10.2022

Singapore class-action against Do Kwon seeks $57 million

Hearing in early November in a Singapore court will take place on a class-action filed against Terraform Labs and its co-founder Do Kwon, on behalf of more than 350 investors. They claim they lost $57 million as a result of the collapse of the TerraUSD (UST) stablecoin, The Wall Street Journal reports.

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ForkLog 10 31.10.2022

Blockchain Association backs Ripple in lawsuit against the SEC

The nonprofit Blockchain Association has backed Ripple in its lawsuit against the U.S. Securities and Exchange Commission (SEC).

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ForkLog 9 28.10.2022

Celsius bankruptcy trustee rejects $2.96 million employee bonus payout

The restructuring trustee at Celsius Network objected to the proposed $2.96 million bonus payout to part of the team for staying on. He cited the lack of sufficient information in the motion.

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ForkLog 13 25.10.2022

Former Bithumb chief faces potential prison term

The former chairman of the Bitcoin exchange Bithumb, Lee Jong-hoon, could face an eight-year prison term on charges of defrauding investors of $70 million. Prosecutors have made similar demands, Yonhap reports.

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ForkLog 8 25.10.2022

Court approves asset auction schedule for Celsius Network

A federal bankruptcy judge approved the plan for Celsius Network asset auctions. Auctions could wrap up by the end of the year.

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