Tagged: lawsuit

December 15, 2019 @ 9:55 am By Cali Haan  |  

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

December 4, 2019 @ 9:43 am By Cali Haan  |  

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

November 25, 2019 @ 9:50 am By JD Alois  |  

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

November 16, 2019 @ 4:20 pm By Cali Haan  |  

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

November 4, 2019 @ 10:06 pm By Cali Haan  |  

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

October 23, 2019 @ 8:56 am By JD Alois  |  

Customers Lose as Fintech Charter Shot Down by US District Court This week, Judge Victor Marrero of the US District Court for the Southern District of New York, ruled against the Office of the Comptroller of the Currency (OCC), in its ongoing legal battle to… Read More

October 13, 2019 @ 12:46 pm By Omar Faridi  |  

Facebook’s subsidiary Calibra is being sued for trademark infringement by Current, the developer of a mobile banking app. The complaint was submitted on October 10 in the US District Court for the Southern District of New York. It alleges that Calibra’s logo is quite similar… Read More

October 7, 2019 @ 8:35 pm By Cali Haan  |  

Lawyers at Roche Freedman LLP filed a class action suit on October 6th against Bitfinex, Tether, and associated parties and firms. The suit alleges plaintiffs collectively suffered over $1.4 trillion USD in damages due to defendants alleged violation of Commodities Exchange and federal RICO statutes, as well… Read More

October 3, 2019 @ 12:01 am By Cali Haan  |  

New York Attorney General Letitia James has asked a New York judge to order crypto companies iFinex, Bitfinex and Tether to have records ready and on hand, if they lose their November 4th appeal: “(T)he OAG respectfully requests that this Court…(to) issue an order that… Read More

September 24, 2019 @ 9:27 pm By Cali Haan  |  

The ball is back in embattled crypto exchange Bitfinex’s court after a different presiding judge has granted a stay of orders compelling financial records pending an appeal. Cryptocurrency companies Bitfinex and Tether and parent company iFinex have been fighting ex parte orders issued in April… Read More

September 24, 2019 @ 3:49 pm By Cali Haan  |  

Things took a strange turn last night after news broke that Kik, creator of a messaging app for teens also called Kik, has been executing layoffs in Israel and plans to shutdown the app. First, following news of the layoffs, Kik CEO Ted Livingston confirmed… Read More

September 24, 2019 @ 2:12 am By Cali Haan  |  

Lawyers for Ripple Labs have asked a judge to dismiss a class-action suit brought against the company in Northern California. The case seeks to establish that Ripple Labs conducted an unlawful sale of securities (XRP tokens) to fund the development of a fast payment network… Read More

September 23, 2019 @ 10:28 pm By Cali Haan  |  

Two men have been indicted in California for allegedly hacking “decentralized” (peer-to-peer) crypto trading platform EtherDelta. The indictment states that Anthony Nashatka (AKA “Psycho”), who resides in New York, and co-defendant Elliot Gunton (AKA “Planet”), who lives in the UK, have not yet been arrested. The… Read More

September 21, 2019 @ 4:21 pm By JD Alois  |  

Real estate investment platform Rich Uncles (BrixInvest LLC) was hit with a lawsuit this past week filed in the Superior Court of the State of California in Los Angeles. Rich Uncles uses non-listed REITs, typically using the Reg A+ securities exemption, to enable investors to… Read More

September 20, 2019 @ 1:06 am By Cali Haan  |  

Lawyer, self-proclaimed Ethereum co-creator and “architect of the ICO,” Steven Nerayoff, has been charged with extortion for allegedly, “…threaten(ing) to destroy a startup cryptocurrency company if…not paid millions of dollars in the cryptocurrency Ether (ETH).” Nerayoff’s LinkedIn profile indicates he has been, “an advisor or investor in… Read More

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