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Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India
13.1.2021
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers...
The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme
11.1.2021
The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to...
New Online System at Mt. Gox May Be Used to Facilitate Bitcoin Refunds to Creditors, Says Trustee
8.1.2021
Mt. Gox’s trustee, Nobuaki Kobayashi, has asked creditors of the defunct crypto exchange to register on a new online system so that they might receive their refunds and be able to vote on the civil rehabilitation plan. ● In a statement released Jan. 7, Kobayashi said the registration...
‘Decentralized Court’ Aragon Association Hit With Flurry of Resignations
7.1.2021
Twelve staffers of the Aragon Association (AA) announced their resignations Thursday due to an apparent lack of financial transparency
Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda
5.1.2021
Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From...
Uphold will not delist XRP before court decision
4.1.2021
The payments processor and exchange is committing to only delist XRP if and when the lawsuit is resolved
XRP holders ask court to stop the SEC from calling their holdings securities
4.1.2021
XRP investors don't want to have their holdings lumped in with Ripple's
South African Court Grants Order to Liquidate Mirror Trading International After Investors Fail to Withdraw Their BTC
1.1.2021
A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin. According to a statement released by lawyers of one of the aggrieved investors, this...
Organizations File Lawsuit Against New York Town to Prevent Bitcoin Mining Facility Expansion
25.12.2020
Organizations led by an environmental organization filed a lawsuit against the U.S. town Torrey in New York for giving the green light to expand a bitcoin mining facility at the Greenidge Generation power plant. Environmental Organization Leads Lawsuit Against New York Town for Approving Plan...
The Best Games Of 2020 That You’ve Never Heard Of
23.12.2020
There are so many games. The Nintendo Switch sees 30 releases a week. More than 50 PC games come out a day on Steam. Fifty. A day. And yes, most of them are shovelware or just plain drivel, but that only makes things worse for the little gems that are hidden within. In such a crazed market, it’s...
Ripple CEO Garlinghouse responds to SEC complaint against XRP
23.12.2020
Ripple CEO assures shareholders and the industry that the company will win the case brought by the the United States SEC
Mt. Gox Trustee Submits Rehabilitation Plan — Creditors May Soon Be Repaid 150,000 Bitcoins
16.12.2020
Mt. Gox trustee Nobuaki Kobayashi has finally submitted a draft rehabilitation plan to a Japanese court — meaning former users of the long-defunct crypto exchange may now look forward to getting paid someday. Kobayashi, the Japanese bankruptcy lawyer appointed to oversee the repayment...
Mt. Gox trustee files draft rehabilitation plan
15.12.2020
Mt. Gox is inching closer to refunding its users one day
SEC lands $700K victory in another ICO court case
11.12.2020
Another ICO case comes to a close
New York Attorney General Says Bitfinex, Tether Could Complete Loan Document Handover in ‘Weeks’
11.12.2020
The NYAG has said Tether and Bitfinex have been cooperating in its inquiry, which is expected to progress more quickly once the documents are provided
France Sentences BTC-e Crypto Exchange’s Operator to 5 Years in Prison for Money Laundering
8.12.2020
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years...
Paris court sentences Alexander Vinnik to five years in prison
7.12.2020
Years after his initial arrest, Vinnik has finally been sentenced
Activision Blizzard Suing Netflix Over Poached Exec
5.12.2020
For those of you who love corporate beef, here’s a whopper: Activision Blizzard is suing Netflix. As reported by Deadline, Netflix poached a top Activision exec, chief financial officer Spencer Neumann, before his contract expired. In response, Activision filed suit in the Superior Court...
Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year
2.12.2020
A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain...
Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
1.12.2020
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims...