Court Cases | ForkLog

ForkLog 76 14.02.2025

HashFlare Founders Admit Guilt in $577 Million Crypto Pyramid Scheme

The founders of the cloud mining service HashFlare, Sergei Potapenko and Ivan Turõgin, have admitted to orchestrating a cryptocurrency pyramid scheme. U.S. authorities will confiscate assets from them valued at over $400 million. Two Estonian Nationals plead guilty in $577M cryptocurrency fraud scheme — Scheme victimized hundreds of thousands of people in the U.S. and […]

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ForkLog 17 11.02.2025

Binance and SEC Seek Court Approval to Pause Proceedings

The largest cryptocurrency exchange, Binance, and the U.S. Securities and Exchange Commission (SEC) have jointly filed a motion to pause legal proceedings for 60 days. This comes amid the formation of a special task force on digital currencies within the agency and the prospect of legislative reforms. This was reported by Reuters. According to the […]

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ForkLog 25 11.02.2025

British Man Seeks to Buy Landfill in Quest to Recover 7500 BTC

The UK authorities plan to close and seal a landfill in Newport, where a hard drive containing 7500 BTC (approximately $738 million at current prices) was discarded in 2013. The device’s owner, James Howells, intends to purchase part of the site to continue his search, reports BBC. According to a statement from the municipal government, […]

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ForkLog 33 06.02.2025

Pavel Durov’s Case Unlikely to Reach French Courts Before 2026

The case against Telegram founder Pavel Durov in France will not be brought to court for at least a year or more, according to Wired, citing local prosecutors. According to the agency’s spokesperson, Maïlys de Rêke, it is too early to discuss any settlement between the authorities and the businessman. The messaging app attracted law […]

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ForkLog 30 31.01.2025

Lawsuit Filed Against Meme Token Factory Pump.fun

Investor Diego Aguilar has filed a class-action lawsuit against the operator of the Solana-based meme coin launch platform Pump.fun, Baton Corporation. The plaintiff also named the firm’s founders, Alon Cohen, Dylan Kerler, and Noah Tweedale, as defendants. Aguilar accused the project of selling unregistered securities in the form of tokens. Other allegations include facilitating Ponzi […]

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ForkLog 46 28.01.2025

Kyiv Court Orders Block on Kuna Exchange at BEB’s Request

Since January 22, the cryptocurrency exchange Kuna has been blocked in Ukraine by order of the State Special Communications Service, following a decision by the Shevchenko Court of Kyiv. According to published documents, the lawsuit was initiated by the Bureau of Economic Security (BEB). Providers have been instructed to restrict access to the domain name […]

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ForkLog 10 27.01.2025

SEC Secures Partial Victory in Kraken Case

On January 24, California federal judge William Orrick dismissed one of the defenses put forth by the cryptocurrency exchange Kraken in its case against the SEC. The trading platform invoked the major questions doctrine to argue that Congress had not granted the regulator authority over cryptocurrencies. This U.S. Supreme Court decision had previously been employed […]

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ForkLog 14 24.01.2025

WazirX to Discuss Compensation with Hack Victims

A Singaporean court has granted the Indian cryptocurrency exchange WazirX the right to organize a meeting with clients affected by the hack in July 2024. This was reported on the platform’s blog. During the online meeting, representatives of Zettai, the Singaporean company operating the exchange, plan to discuss with users a debt restructuring scheme and […]

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ForkLog 13 24.01.2025

Better Markets Backs SEC in Ripple Case

Better Markets has thrown its support behind the U.S. Securities and Exchange Commission (SEC) in its legal battle with Ripple Labs. The organisation argues that the decision in the XRP case undermines investor protection. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple Better Markets Inc. has filed an Amicus Brief in Support of the @SECGov.https://t.co/cu8lTLBqtM — James […]

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ForkLog 21 22.01.2025

Court Overturns Sanctions Against Tornado Cash Mixer

On January 21, the U.S. Fifth Circuit Court of Appeals overturned the sanctions against the cryptocurrency mixer Tornado Cash, imposed by the OFAC in 2022. The case has been sent back to the District Court for the Western District of Texas for further proceedings in light of the appellate decision. Earlier, the panel of judges […]

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ForkLog 29 22.01.2025

Market Maker CLS Global Admits to Sham Trading of FBI’s AI Token

The UAE-based cryptocurrency market maker, CLS Global, has admitted to facilitating sham trading and market manipulation in favor of the NexFundAI token, created by the FBI to detect fraud. This was reported by the US Department of Justice. As part of a deal with authorities, the company confirmed its involvement in providing services to attract […]

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ForkLog 63 21.01.2025

Hamster Kombat Partner Ordered to Pay 2.5 Million Rubles in Business Dispute

The Arbitration Court of St. Petersburg and Leningrad Region has ordered the alleged co-founder of the Telegram clicker Hamster Kombat, Eduard Gurinovich, to pay 2.5 million rubles following a lawsuit by a Tyumen entrepreneur. The case was reviewed by the first instance in December 2024. According to the ruling, in April 2023, the plaintiff, Viktor […]

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