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Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception
7.7.2023
After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had filed a lawsuit against DCG and Silbert in...
Venezuela's Cryptocurrency Mining Ban Damages Industry Maduro Once Supported
22.6.2023
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported.
Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed...
China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies
17.4.2023
The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the move, saying it is a “typical form...
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders
7.4.2023
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange....
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
14.3.2023
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally...
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
7.3.2023
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence...
Lack of liquidity mitigated damages to BonqDAO exploit: Report
2.2.2023
After amassing $120 million in tokens through an infinite minting glitch, hackers reportedly only cashed out around $1 million due to a lack of liquidity on BonqDAO
Crypto Exchange Mango Markets Sues Exploiter for $47M in Damages
26.1.2023
Mango Market wants its money back
Mango Markets sues Avraham Eisenberg for $47M in damages plus interest
26.1.2023
The lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol
Sao Paolo Court Ruled Against Binance in User Withdrawal Related Case
18.1.2023
A court in Sao Paolo, Brazil, ruled against Binance in a case in which the leading cryptocurrency exchange faced a withdrawal-related complaint. A user, who introduced a lawsuit against the exchange because he couldn’t retrieve his funds from the platform, received almost $2,000 in damages...
Bithumb ordered to pay outage damages to investors by South Korean court
16.1.2023
A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange
Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage
16.1.2023
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb...
FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings
28.12.2022
The class action lawsuit accuses the bankrupt crypto exchange of misappropriating user funds
Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement
14.9.2022
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional...
BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages
13.9.2022
BitGo has accused Galaxy of “improper repudiation” and “intentional breach” of the merger in a lawsuit filed with Delaware Chancery Court
Court Rules Bithumb Must Pay Damages to 190 Customers Over ‘Computer Errors’
29.8.2022
A South Korean appeals court has ruled that the crypto exchange Bithumb is liable for damages in the case of a group of traders who missed out on trading gains due to “computer errors.”
Per Newsis, the verdict was issued by a branch of the Seoul High Court. The case dates back to 2017 and involves...
Texas Bitcoin Mine Whinstone Countersues Japan's GMO Internet, Seeks $15M Damages in Four-Year Dispute
25.8.2022
The companies' dispute dates back to 2018, but the lawsuit appears to have been triggered by more recent increases in electricity prices
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
3.8.2022
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading...
Craig Wright v Peter McCormack: Wright Put Forward 'False Evidence,' Will Receive Damages of £1
1.8.2022
A judge has ruled that Dr Craig Wright, the Australian scientist who claims to be Bitcoin inventor Satoshi Nakamoto, advanced false evidence in his defamatory case against YouTuber Peter McCormack
Destiny 2 Cheat Makers Agree To Pay $13.5 Million In Damages To End Bungie Lawsuit
16.6.2022
After nearly a year of back-and-forth in and out of court, cheat software developers Elite Boss Tech have agreed to pay $13.5 million in damages to Bungie. The cheat maker had previously offered Destiny 2 cheating software on its website, leading to a lawsuit from the Destiny developer last year....