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BitcoinBeginnerThe U.S. Department of Justice is taking firm action against a complex money-laundering operation allegedly run by North Korean IT workers. According to a civil forfeiture complaint filed on June 5 in Washington, D.C., nearly $7.74 million worth of cryptocurrency and NFTs are being targeted for…
#court#crypto#north-korea
GeneralBeginnerA 35-year-old man from Ukraine’s Poltava region has been arrested for orchestrating a large-scale cryptojacking scheme, according to a June 4 statement by Ukraine’s National Police cyber division. Authorities say the suspect illegally accessed over 5,000 customer accounts of a global hosting…
#court#hackers#mining
GeneralBeginnerThe Australian Securities and Investment Commission (ASIC) intends to seek permission from the High Court to appeal a recent court decision that favored the fintech business Block Earner. The lower court determined that Block Earner’s crypto-linked fixed-yield product is not classified as a…
#australia#court
GeneralBeginnerBinance is once again at the center of a legal storm, seeking to steer a class-action lawsuit into arbitration. The cryptocurrency exchange has petitioned a U.S. federal court to compel all members of a securities class-action suit to resolve their claims through arbitration, citing its updated…
#binance#court#crypto
SonicBeginnerSonic Labs, formerly known as the Fantom Foundation, has secured a legal victory in Singapore’s High Court. The court has approved Sonic Labs’ petition to wind up the Multichain Foundation, appointing KPMG as liquidators to oversee the process. In a May 9 ruling in Singapore’s Supreme Court,…
#court#law#singapore
BitcoinBeginnerTwo former executives of the bankrupt crypto lending service Cred, Daniel Schatt (CEO) and Joseph Podulka (CFO), have pleaded guilty to wire fraud related to the company’s collapse. The plea deals, according to May 13, were filed in a California District Court, with Judge William Alsup setting a…
#altcoin#court#crypto
XRP LedgerBeginnerBitnomial has withdrawn its lawsuit against the U.S. Securities and Exchange Commission (SEC), coinciding with its plans to launch XRP futures contracts in the United States. This move follows closely on the heels of news that the SEC is no longer pursuing its appeal in the legal battle with…
#altcoin#cftc#court
BitcoinBeginnerA British man’s effort to secure permission to search a landfill for his hard drive—containing private keys for 8,000 Bitcoin—has been denied by the UK Court of Appeal. According to Howells’ March 14 X post, “appeal request to the Royal Court of Appeal was refused.” He also criticized the legal…
#court#crypto#hardware-wallet
EthereumBeginnerThe Ethereum Foundation has made a significant pledge, committing $1.25 million to the legal defense of Alexey Pertsev, a developer associated with the Tornado Cash cryptocurrency mixer. This move highlights the escalating tensions between regulatory bodies and the developers of privacy-enhancing…
#court#crypto#tornado-cash
GeneralBeginnerThe founder of CluCoin, a cryptocurrency project, has pleaded with a judge to spare him prison time for orchestrating a $1.1 million fraud scheme. In a recent court filing, the founder argued that imprisonment would be unduly harsh and that he is remorseful for his actions. The founder is facing…
#court#crime#defi
GeneralBeginnerA US federal judge has granted Alexey Pertsev, the Russian developer of the cryptocurrency mixer Tornado Cash, permission to leave prison while he appeals his conviction. Pertsev was arrested in Amsterdam last year and extradited to the United States, where he was convicted of money laundering…
#court#tornado-cash
