Tagged: lawsuit

September 13, 2019 @ 10:30 am By Cali Haan  |  

Coinbase UK has settled a lawsuit with the CEO of Alphabit regarding Coinbase’s alleged handling of Bitcoins worth almost $1 million USD that were allegedly stolen from Alphabit by hackers in July, Law 360 reports. Alphabit is UK-based “crypto-asset investment company” that claims to manage… Read More

September 4, 2019 @ 4:26 pm By JD Alois  |  

The Conference of State Bank Supervisors (CSBS) has been rebuffed once again in its attempt to stymie looming Fintech banking competition. In a decision issued yesterday (September 3, 2019), the US District Court for the District of Columbia ordered that the CSBS pursuit of a… Read More

August 29, 2019 @ 9:26 pm By Cali Haan  |  

Vanbex principles Lisa Cheng and Kevin Hobbs, chief architect Brian Onn, developer Jeffery Walsh and TD bank have been named in a class action suit filed in the Supreme Court of British Columbia August 26th by two BC residents who say the lost $30 000… Read More

August 23, 2019 @ 12:35 pm By Cali Haan  |  

Cryptocurrency skeptics, in particular, these days are closely watching the showdown now underway between sister crypto companies Bitfinex and Tether and the New York Attorney General’s Office, which has alleged fraud at the two firms. As a bit of background, Tether makes a synthetic US… Read More

August 20, 2019 @ 9:55 pm By Cali Haan  |  

A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex… Read More

August 7, 2019 @ 9:33 pm By Cali Haan  |  

A civil case against American crypto trading platform Coinbase alleging the exchange bungled its listing of Bitcoin Cash (a fork of Bitcoin) will proceed on grounds of possible negligence in California. Fraud and unlawful conduct allegations have been dismissed after the judge determined that the… Read More

August 3, 2019 @ 9:45 am By Cali Haan  |  

Lawyers for Bitfinex, iFinex, and Tether, cryptocurrency companies currently under investigation for fraud in New York sent a letter to the presiding judging promising to appeal if the case against them is not dismissed. They also asked Judge Joel M Cohen to preclude them from having… Read More

August 1, 2019 @ 3:58 am By Cali Haan  |  

A judge in Philadelphia has ruled that a class-action suit brought against Mark Karpeles, the reviled former CEO of the Mt Gox bitcoin exchange, can proceed in Pennsylvania. Karpeles had asked for dismissal claiming Pennsylvania courts did not have jurisdiction, but the judge determined that… Read More

July 31, 2019 @ 11:18 pm By Cali Haan  |  

Lawyers for the crypto exchange Bitfinex (and associated companies iFinex and Tether) have sent a letter to the judge presiding over anti-fraud proceedings against them in New York threatening to appeal if the judge does not dismiss the case against them. The letter from Bitfinex… Read More

July 30, 2019 @ 11:32 pm By Cali Haan  |  

Tenacious and liquid crypto exchange Bitfinex and affiliate companies had hoped that a fraud case brought against them by the New York Attorney General (NYAG) would be wrapped up this week. Instead, a formerly sympathetic judge has granted an extension, The Block reports. Bitfinex, iFinex, and… Read More

July 30, 2019 @ 1:53 am By Cali Haan  |  

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

July 26, 2019 @ 5:24 pm By Cali Haan  |  

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

July 23, 2019 @ 7:30 am By Cali Haan  |  

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

July 17, 2019 @ 9:00 pm By Cali Haan  |  

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

July 10, 2019 @ 1:00 am By Cali Haan  |  

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

June 12, 2019 @ 2:33 am By Cali Haan  |  

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

June 11, 2019 @ 4:33 pm By JD Alois  |  

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

May 30, 2019 @ 4:46 am By Cali Haan  |  

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

May 11, 2019 @ 5:46 pm By Cali Haan  |  

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

May 11, 2019 @ 10:49 am By JD Alois  |  

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