June 12, 2018 @ 10:50 pm By Cali Haan  |  

A LocalBitcoins seller, known as “Bitcoin Maven,” who plead guilty to running an unregistered money transmission business and laundering drug money for Bitcoin, had her sentencing postponed yesterday at a federal court in LA. As part of a pre-indictment plea agreement, Theresa Tetley, 50, pleaded… Read More

May 22, 2018 @ 11:23 am By JD Alois  |  

A note by Law360 indicates that defendants Sohrab “Sam” Sharma and Robert Farkas, co-creators of Centra Tech and an affiliated initial coin offering (ICO), have pleaded not guilty in the US District Court Southern District of New York. The Centra Tech ICO reportedly raised over $32… Read More

May 8, 2018 @ 11:13 pm By Cali Haan  |  

A proposed lawsuit by (standard) Bitcoin users against the Bitcoin Cash-controlled website Bitcoin.com and it’s CEO Roger Ver has been dropped. Ver, one of the most dedicated and high profile early adopters of Bitcoin, and several partners (including Jihan Wu, owner of the world’s largest… Read More

May 6, 2018 @ 2:42 pm By Cali Haan  |  

Ripple Labs, the company behind the cryptocurrency Ripple (XRP), are facing a class action lawsuit filed by an investor, Ryan Coffey, who alleges the company sold it’s cryptocurrency tokens to the public in violation of US securities laws. The filing also claims the company has… Read More

April 29, 2018 @ 4:00 pm By Cali Haan  |  

Morgan Rockcoons, a once active LocalBitcoins seller and committed Bitcoin lifestyler, has tweeted that he is in crisis after being offered a deal from prosecutors to plead guilty to money laundering and unlicensed money transmission in exchange for a lighter sentence. Rockcoons perceives the charges… Read More

April 28, 2018 @ 2:33 pm By Cali Haan  |  

Devoted “classic” Bitcoin network advocates claim they will soon be testing their brand confusion grievance against Roger Ver and Bitcoin Cash in court. Bitcoin (BTC) and Bitcoin Cash (BCH) have been engaged in a highly contentious rivalry ever since Roger Ver and associates “forked” (or… Read More

March 16, 2018 @ 9:24 am By Samantha Hurst  |  

Following the announcement that she is suing President Trump over a non-disclosure agreement about their alleged affair in 2006, Stephanie Clifford, also known as Stormy Daniels, has launched a crowdfunding campaign on CrowdJustice, seeking funds to cover her legal fees and other expenses. While sharing details… Read More

February 15, 2018 @ 10:36 am By JD Alois  |  

The law firm of Pomerantz LLP has announced that the class action lawsuit against The Crypto Company (OTCMKTS:CRCW) and certain of its officers, alleging violations of the Securities Exchange Act of 1934, has been voluntarily dismissed. The Securities and Exchange Commission (SEC) halted trading in… Read More

January 11, 2018 @ 12:25 am By Charles Kaufman  |  

Some may have missed a distinctive feature of the recently filed class action lawsuit against Bitcoin mining company Giga Watt, Inc.: it is not a fraud suit. It is a suit for rescission (return of invested funds, with interest) based on the company’s having failed… Read More

December 15, 2017 @ 2:00 pm By Samantha Hurst  |  

Big trouble for a crowdfunding success. Star Citizen, a highly anticipated video game that has surpassed more than $170 million in funding, is facing some legal issues. Cloud Imperium Games (CIG) and Roberts Space Industries (RSI), the creators of the game, have been slapped with a lawsuit by… Read More

November 2, 2017 @ 8:17 pm By JD Alois  |  

Tezos raised an astounding $232 million in an Initial Coin Offering (ICO) this past summer.  As the price of Bitcoin and other cryptocurrencies rocketed higher, some industry followers pegged the actual raise by Tezos closer to $400 million. A couple weeks back things started to… Read More

October 26, 2017 @ 11:39 am By Samantha Hurst  |  

California-based data analytics startup, hiQ Labs, has launched a crowdfunding campaign on CrowdJustice to continue its legal against LinkedIn over access to publicly available on the internet. According to hiQ, the initiative is seeking $100,000 to fund litigation costs, which includes the cost of the… Read More

October 23, 2017 @ 4:20 pm By JD Alois  |  

A law suite between investors and LendingClub (NYSE:LC) received the green light to proceed as a class action from US District Judge William Alsup in California last week. The case stems from investors who purchased shares in the online lender only to see the value… Read More

October 21, 2017 @ 3:05 pm By JD Alois  |  

Boston based law firm Block & Leviton has initiated an investigation into the Tezos Initial Coin Offering (ICO). Tezos raised about $232 million in one of the largest ICOs of all time several months back. Since the date of the ICO the price of Crypto… Read More

October 9, 2017 @ 6:33 pm By JD Alois  |  

Theo Chino will be back in court tomorrow (October 10) regarding his ongoing battle with the New York Department of Financial Services (NYDFS). In brief, Chino is battling the DFS creation of the “BitLicense Regulatory Framework” that delivered a bumpy process to license virtual currency business… Read More

September 13, 2017 @ 8:43 pm By JD Alois  |  

Additional details have been reported surrounding the planned departure of one of the most prominent Fintech CEOs in the world. NYT.com has published a report on the “Frat House” like environment that existed at SoFi with CEO Mike Cagney reportedly being a prime offender. The… Read More

August 25, 2017 @ 4:06 pm By JD Alois  |  

LendingClub (NYSE:LC) has been hit with a lawsuit that names former CEO Renaud Laplanche alongside current and former board members and former CFO Carrie Dolan. The complaint, filed in the Court of Chancery in Delaware, states; “Throughout the period December 11, 2014 and continuing through… Read More

August 18, 2017 @ 9:49 am By JD Alois  |  

Earlier this month the Office of Comptroller of the Currency (OCC) fired off a counter salvo in the legal battle regarding the OCC Fintech Charter. The Conference of State Bank Supervisors (CSBS) launched an attack against the OCC this past spring. Many Fintech industry participants… Read More

July 11, 2017 @ 10:18 am By JD Alois  |  

Yirendai (NYSE:YRD), a China based peer to peer lender that is a sister company of CreditEase, has shared that a lawsuit filed against it in 2016 has been completely dismissed. The putative class action lawsuit was brought by multiple law firms pertaining to the decline in… Read More

May 15, 2017 @ 3:00 pm By JD Alois  |  

As we reported last week, Maria T. Vullo, the Superintendent of the New York State Department of Financial Services, filed a lawsuit against the Office of the Comptroller of the Currency (OCC), and Keith Noreika, acting Comptroller. The complaint pertains to the OCC”s Fintech Charter…. Read More