Court Cases | ForkLog

ForkLog 26 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 15 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 14 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 18 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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ForkLog 80 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 22 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 35 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 47 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 44 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 56 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 12 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 20 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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