Tagged: lawsuit

“Prolific” Dark Net Fentanyl Dealer Forfeits $4 Million USD, Including Bitcoins

A man who pleaded guilty in New York to distributing, “prolific quantities of powerful opioids,’ has also agreed to forfeit $4,156,198.18, “including the funds or currency in seven different Bitcoin wallet addresses.” The release regarding the plea and forfeiture from the Department of Justice (DOJ), U.S. Attorney’s… Read More

“Destination Bitcoin” Operator Indicted in New Jersey for Unlicensed Money Transmission

William Green, 46, of Wall Township, New Jersey, has been indicted in the state  for allegedly, “operating an unlicensed money transmitting business through which he charged customers fees to convert more than $2 million in cash into the digital currency Bitcoin.” The indictment follows a criminal complaint… Read More

No New York Customers, No Jurisdiction: Bitfinex Crypto Exchange Says New York Fraud Case Weak

Bitfinex, iFinex, and Tether, cryptocurrency companies defending themselves against fraud allegations in New York, are claiming that the New York Office of the Attorney General (OAG) has failed to substantiate claims the companies facilitated trades for New York residents without being licensed to do so…. Read More

Vancouver Blockchain Consultancy, Vanbex, Targeted in Additional Lawsuit

Vanbex, a Vancouver-based “blockchain consultancy” now contending with a formal fraud investigation and civil forfeiture actions, is now contending with a civil lawsuit brought by a former employee. According to Business Vancouver, lawyer Blair Hogg filed documents naming Vanbex Group Group, Inc., Vanbex Labs, Inc…. Read More

Hot Water Gets Hotter: NY Attorney General Claims Bitfinex Operated Unlawfully in New York Until 2019

The Attorney General of New York (NYAG) has submitted a memorandum in court documenting iFinex/Bitfinex/Tether’s “extensive ties to New York” and disputing the Seychelles-registered companies’ claims that New York authorities have no jurisdiction and that its fraud investigation is impeding business. iFinex and subsidiaries Tether… Read More

Former Employee Sues ZCash for Alleged Failure to Grant Promised Stock Options

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A former Senior Software Engineer at Zerocoin Electric Coin Company, the company behind “privacy coin” cryptocurrency ZCash, is suing his former employer for $2 million USD plus costs. Plaintiff Simon Liu alleges in court documents that Zerocoin failed to ever turn over 15 000 Zerocoin… Read More

Crypto Expert Stephen McKeon Comments on Kik’s ICO Battle with the Security and Exchange Commission

It has been widely known that Kik was engaged in a cage match with the Securities and Exchange Commission (SEC) ever since Kik went public regarding a Wells Notice submitted by the SEC. A Wells Notice informs an entity they may be the target of… Read More

Bitcoin Lifestyler and Purveyor of Fraudulent Nevada “Bitcointopia” Land Scheme Sentenced to 21 Months

A series of legal troubles experienced by well-known Bitcoin evangelist and lifestyler Morgan Rockcoons, 31, have concluded in California with Rockcoons being sentenced to 21 months in prison. In two separate indictments, Rockcoons was charged with operating an unlicensed money transmitting business and wire fraud. He… Read More

Class Action Suit Filed in New York Against OneCoin, Multibillion-Dollar Global Crypto Scheme

Lawyers at the Silver Miller law firm have filed a class action suit against founders and pervaders of OneCoin, an alleged global cryptocurrency pyramid scheme that bilked investors out of an estimated $4 billion dollars. Ruja Ignatova, Konstantin Ignatov, Sebastian Greenwood and Mark Scott are… Read More

Report: Michael Terpin Wins $75.8 Million Civil Judgement Regarding Crypto Theft via SIM Swap Hack

Michael Terpin, a prominent cryptocurrency advocate and founder of Marketwire, has won a whopping $75.8 million civil judgment against SIM Swap perp Nicholas Truglia, according to a report in Reuters referencing court documents.  In the theft, Terpin was fleeced of approximately $24 million in crypto… Read More

iFinex, Parent Company of Bitfinex and Tether, Asks Court to Void Ex Parte Orders Compelling Records and Freezing Funds

iFinex, parent company of the Bitfinex cryptocurrency exchange and creator of Tether, the world’s most popular “stablecoin” cryptocurrency, has asked a court in New York to “vacate” (render void) ex parte orders issued by the Attorney General of New York compelling iFinex to produce comprehensive… Read More

Tether Lawyer Admits the Stablecoin Only 74% Backed

A lawyer for iFinex, the company behind the Bitfinex cryptocurrency exchange and”stablecoin” Tether (USDT), has admitted in an affidavit that the company only has enough cash on hand to cover 74% of the tethers it has issued into cryptocurrency trading markets. In the affidavit, “Stuart… Read More

Scott Purcell of PrimeTrust on Tether: They Refused an Audit, that Means One Thing – Fraud

The crypto world is still regrouping from the reality that Bitfinex/Tether is being pursued by a lawsuit filed by New York Attorney General Letitia James. Stablecoin Tether, operated by the owners of Bitfinex, is a big part of the fraud allegations leveled by the state…. Read More

Tether Responds to New York AG Investigation, Claims “Lost” Funds “Seized and Safeguarded”

The PR team at cryptocurrency company Tether has vigorously denied allegations included in a New York court order claiming the company “lost” $850 million USD in customer funds to a Panamanian entity called Crypto Capital then “co-mingled” customer and company funds to cover the loss…. Read More

New York Attorney General Issues Court Order Alleging Fraud Pertaining to Bitfinex and Tether. Cover Up of $850 Million Loss is Claimed.

New York Attorney General Letitia James has obtained a court order against crypto exchange Bitfinex ( iFinex Inc.) and stablecoin Tether alleging violations of New York law in connection with “ongoing activities that may have defrauded New York investors that trade in virtual or cryptocurrency…. Read More

Tokensoft Digital Token Platform Sued for Alleged Gender and Age Discrimination

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Tokensoft, “a technology platform for compliant issuance of digital securities,” is being sued in California for alleged discrimination against a mature female employee. According to the complaint filed with the Superior Court of California, County of San Francisco, plaintiff Monette Stevens, 55, claims she was… Read More

Former Trading Desk Manager Sues Kraken Crypto Exchange

A man who formerly managed institutional sales and trading for the Kraken cryptocurrency exchange is suing the firm for more than $900 000 USD in commissions he claims are outstanding, Bloomberg reports. The suit filed in New York on April 4th by the Silver-Miller Law… Read More

Blockchain Firm Vanbex, and Founders Kevin Hobbs & Lisa Cheng, Defend Against Civil Claim and Scam Allegations

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Vanbex, a blockchain based firm based in Vancouver, has posted a statement defending itself regarding allegations made by the British Columbia Director of Civil Forfeiture and covered in the media. The original report, covered by the Vancouver Sun, revealed strong statements alleging a “$30-million cryptocurrency… Read More

Report: Vanbex, Formerly Known as Etherparty, Accused of Cryptocurrency Fraud

According to a report in the Vancouver Sun, Vanbex, formerly doing business as Etherparty Smart Contracts, has been hit with a lawsuit launched by the British Colombia Civil Forfeiture Office. The report alleges that Vanbex and its two founders, Lisa Cheng and Kevin Hobbs, were… Read More

Israeli Serial “Blockchain Entrepreneur” Moshe Hogeg Sued Again for Alleged Misuse of ICO Funds

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Moshe Hogeg, a high-profile Israeli crypto startup founder (Invest.com, Stox, Sirin Labs) previously sued by Invest.com investors, is now being sued by a Chinese cryptocurrency investor who claims Hogeg has been misusing funds he raised in an initial coin offering (ICO) for the creation of… Read More

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