Tagged: lawsuit

Lawsuit Filed Against BitMEX, a Major Cryptocurrency Derivatives Exchange, for Allegedly Engaging in Illegal Activities like Money Laundering, Racketeering

A lawsuit was filed on May 16, 2020, against HDR Global Trading Ltd, the parent company of the Hong Kong-operated Bitcoin Mercantile Exchange (BitMEX), a leading digital currency derivatives exchange that averages billions of dollars worth of daily trading volume. The 106-page lawsuit has also… Read More

Telegram to Hand Over Official Communications, Financial Statements, and Other Info Related to its Allegedly Unlawful ICO to SEC

Encrypted messaging service provider Telegram says it will be handing over official communications, bank records and other relevant information to the US Securities and Exchange Commission (SEC). These details are reportedly being provided as part of an ongoing legal battle against Telegram. US authorities have… Read More

Telegram to Refund Money from GRAM ICO? Perhaps.

Last Thursday, a letter posted on the Russian website of SmartLab said that Telegram will offer GRAM purchasers the option to receive their money back as the deadline for the issuance of the tokens had passed. Telegram has been in an ongoing legal battle with… Read More

Ripple Has Had Enough. Crypto Firm Sues YouTube for Allowing XRP Giveaway Scams

Ripple has been pushed to the edge, according to a blog post today. The crypto-firm is suing YouTube – part of Google. In a document filed in the US District Court, Northern District of California, Ripple Labs, and Bradley Garlinghouse, slammed YouTube for: “irreparable harm… Read More

Lawsuit Filed Against Maker Foundation for Allegedly Misrepresenting Information to Investors, which Led to Over $8 Million in Losses Following ETH Price Crash

A class-action lawsuit has been filed against the Maker Foundation, which supports the ongoing development of MakerDAO, a leading decentralized Ethereum (ETH)-powered lending facility. The suit alleges that the foundation intentionally misrepresented the risks potential investors in the decentralized finance (DeFi) ecosystem could face. The… Read More

Ongoing SIM Swap Lawsuit by Michael Terpin Sees Response to AT&T’s Motion to Strike $200 Million Punitive Damage Claim

The ongoing lawsuit regarding a SIM Swap scam filed by Michael Terpin against AT&T Mobility took another step forward this week. Earlier this year, it was ruled that plaintiff Terpin can proceed with statutory, contract, and tort damages claims against AT&T Mobility for $24 million… Read More

The Blockchain Association Files Amicus Brief in Support of Telegram’s Battle with the SEC

Telegram has been engaged in an ongoing battle with the Securities and Exchange Commission (SEC) regarding the sale of GRAM tokens – an offering that raised $1.7 billion. The legal fisticuffs kicked off last October when the SEC filed an emergency action and obtained a… Read More

Roche Cyrulnik Freedman and Selendy & Gay File Multiple Class Actions Against Well Known Crypto Exchanges, Also Targets Manipulative Conduct at Bitmex

Two law firms, Roche Cyrulnik Freedman and Selendy & Gay, have jointly filed 11 class actions against well-known crypto exchanges. The lawsuits also include accusations of “manipulative conduct” by Bitmex. The allegations were filed in the Southern District of New York against four crypto exchanges… Read More

Judge Castel: Telegram Fails to Establish Exemption from Registration

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Yesterday, in an Opinion and Order from Judge P. Kevin Castel, it was decided that Telegram has failed to establish an exemption from the registration requirement under existing securities law. Telegram is an app that is a highly popular messaging service utilized by more than… Read More

Tezos Lawsuit: Plaintiffs Move to Settle for $25 Million

Tezos, a blockchain company that raised $232 million in an initial coin offering (ICO) in 2017, may settle a class-action lawsuit filed in the United States District Court, Northern District of California. Tezos is one of the most successful ICOs ever recorded before the US… Read More

Michael Terpin’s SIM Swap Lawsuit Against AT&T Moves Forward

According to a release, Michael Terpin’s lawsuit targeting mobile service provider AT&T will move forward. The case involves a SIM Swap fraud that Terpin believes AT&T could have easily halted. This week, Judge Otis Wright II ruled that plaintiff Michael Terpin can proceed with statutory,… Read More

SEC: Telegram Has Been Using Funds from GRAM Token Sale to Cover 90% of Expenses at Messenger Division

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

In its latest submission in a case against private messaging app provider Telegram, the SEC claims that, Telegram has been using funds raised to develop the TON blockchain to rather cover operating expenses at the messaging business. Telegram raised $1.7 billion USD from 171 purchasers… Read More

Tether Issues Statement on Consolidation of Class Action Lawsuits

Tether, the stablecoin that has endured a good share of challenges, has issued a statement on pending lawsuits targeting the company. According to a release,  the plaintiffs in three class action proceedings against Tether filed a letter with the U.S. District Court for the Southern… Read More

U.S. Law Firm Sued for Advising “Crypto Assets are Not Securities”

A Delaware-registered company called Digital Capital Management is suing law firm Faegre Baker Daniels for allegedly providing “erroneous” legal advice in 2017 that greenlit establishment of a cryptocurrency/digital token investment fund. The story was broken by Bloomberg Law. The fund, Crypto Asset Management LLC (CAM),… Read More

Crypto Exchange Kraken Sued for Terminating Possible Whistleblower

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

A former employee for the Kraken cryptocurrency exchange (Payward Inc.) is suing the company in California for discrimination, harassment, wrongful dismissal and retaliation for whistleblowing. The story was broken by Attack of the 50-Foot Blockchain author, David Gerard. Plaintiff Nathan Peter Runyon, “a decorated Marine… Read More

Clash of Briefs: New York Attorney General and Bitfinex Lawyers File Contradictory Summaries

The New York’s Attorney General’s Office submitted a comprehensive brief to the Supreme Court of New York on December 4th summarizing the current state of the NYAG’s case against Bitfinex and Tether et al., cryptocurrency companies accused of fraud and market manipulation. Lawyers for the… Read More

Plaintiffs in New York Class Action Against Bitfinex Refuse to Revise their Claim

Lawyers for plaintiffs in a class action suit brought against cryptocurrency exchange Bitfinex in New York have declined to revise their complaint alleging the exchange used prints of a crypto-synthetic type of USD to, “creat(e) the largest bubble in human history.” “Plaintiffs do not wish to… Read More

Bitfinex Slams “Copycat Lawsuit” Filed in State of Washington

Bitfinex, a beleaguered crypto exchange, was hit by a class-action lawsuit last week filed in the U.S. District Court for the Western District of Washington. Bitfinex is also the target of an investigation that was launched by the New York Office of the Attorney General…. Read More

Tether Seeks Dismissal of Class Action Case in New York

Tether Inc, makers of a popular cryptocurrency that mimics USD (“tether” or USDt), has asked a judge in New York for permission to file a motion to dismiss a class-action suit filed against the company last month. The suit alleges that parties at Tether Inc and… Read More

Class-Action Suit Launched Alleging Market Manipulation in Crypto, Targets Alameda Research & FTX Trading

A plaintiff called “Bitcoin Manipulation Abatement LLC” has launched a class-action suit against cryptocurrency derivatives exchange FTX, partner firm Alameda Research and several associated individuals alleging they are, “well known among cryptocurrency traders for being principal manipulators of the Bitcoin spot and Bitcoin derivatives markets.”… Read More

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