Court Cases | ForkLog

ForkLog 16 11.03.2025

US Resident Fined for Concealing Seized 119.65 BTC

The District Court of Puerto Rico found Juan Carlos Reynoso guilty of contempt of court after he refused to voluntarily transfer seized bitcoins to a government-controlled wallet. According to case materials, in June 2024, during an investigation involving the defendant, FBI agents discovered a laptop with Ledger hardware wallet software installed. On January 31, 2025, […]

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ForkLog 20 05.03.2025

Court Rejects Musk’s Bid to Block OpenAI’s Commercialization

US District Judge Yvonne Gonzalez Rogers has dismissed Elon Musk’s request to prevent OpenAI’s transformation into a commercial entity, according to Bloomberg. The entrepreneur failed to provide sufficient evidence to warrant a ban, the court stated. However, Rogers is prepared to conduct an expedited trial based on claims of the illegality of OpenAI’s restructuring plan. […]

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ForkLog 34 03.03.2025

Court Dismisses SEC Lawsuit Against HEX Founder

The Eastern District Court of New York found part of the arguments by the SEC unsubstantiated in the case against the founder of HEX, PulseChain, and PulseX, Richard James Schueler, better known in the crypto industry as Richard Heart. According to the judge, the regulator failed to establish personal jurisdiction over Heart, a U.S. citizen […]

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ForkLog 62 28.02.2025

Joseph Lubin Announces Preliminary Agreement with SEC

The U.S. Securities and Exchange Commission (SEC) has tentatively agreed to withdraw its lawsuit against the developer of the non-custodial wallet MetaMask — ConsenSys. This was announced by the company’s CEO, Joseph Lubin. I’m pleased to announce that Consensys and the SEC have agreed in principle that the securities enforcement case concerning MetaMask should be […]

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ForkLog 17 26.02.2025

Jack Dorsey’s Block to Contest NYDFS Allegations on AML Programs

Jack Dorsey’s payment company Block is in discussions with the NYDFS, including addressing concerns related to the Bank Secrecy Act and anti-money laundering (AML) programs. This was stated in a statement dated February 24. According to the document, in January, the regulator proposed settlement terms, and the details are currently under discussion. The exact settlement […]

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ForkLog 51 26.02.2025

SEC Concludes Investigation into Uniswap Labs

The team at Uniswap Labs has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company. The regulator does not plan to file any charges. In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered […]

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ForkLog 73 24.02.2025

SEC Drops Investigation into Robinhood’s Crypto Division

The U.S. Securities and Exchange Commission (SEC) has ended its investigation into the crypto division of the online broker Robinhood. According to a press release, the regulator’s enforcement division informed the company of the conclusion of the review with no intention to press charges. In May 2024, the SEC warned the company of potential violations […]

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ForkLog 52 21.02.2025

SEC Commissioners to Vote on Dismissing Case Against Coinbase

Staff at the SEC have agreed to drop the lawsuit against Coinbase, pending approval from the agency’s commissioners. This was announced by the co-founder and CEO of the exchange, Brian Armstrong. SEC staff have agreed to dismiss their case against us (pending Commission approval).But this isn’t the end.It’s the beginning.And if there were ever a […]

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ForkLog 19 21.02.2025

SafeMoon CTO Admits Guilt in $200 Million Crypto Fraud

Thomas Smith, the Chief Technology Officer of the DeFi project SafeMoon, has admitted guilt on two counts in a $200 million cryptocurrency fraud case. This was reported by Cointelegraph, citing a court statement from February 20. Smith changed his previous testimony and pleaded guilty to conspiracy to commit securities fraud and wire fraud. Each charge […]

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ForkLog 8 20.02.2025

SEC Eases Stance on Cryptocurrency and DeFi Regulation

On February 19, the SEC filed a motion to withdraw its appeal against a ruling that limits the application of securities laws to cryptocurrency users and DeFi services. 1/ Today marks a complete victory for us – and the broader industry – in our lawsuit against the SEC over the dealer rule. The SEC voluntarily […]

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ForkLog 11 19.02.2025

Nigeria Files $81.5 Billion Lawsuit Against Binance

The Nigerian authorities have initiated a lawsuit against the cryptocurrency exchange Binance, seeking compensation totaling $81.5 billion. This was reported by Reuters, citing court documents. The claim includes $79.5 billion for alleged economic damages and $2 billion for unpaid taxes over two years. According to the Federal Inland Revenue Service of Nigeria (FIRS), Binance has […]

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ForkLog 15 19.02.2025

Coinbase Faces Allegations of Concealing Bankruptcy Risks

Coinbase shareholder Wenduo Guo has filed a lawsuit against the exchange and its executives, accusing them of concealing bankruptcy risks. This was reported by Cointelegraph, citing the lawsuit dated February 18. According to the case materials, Coinbase failed to inform clients that their funds could become part of the bankruptcy estate if the company went […]

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