Tagged: lawsuit

May 7, 2019 @ 7:51 am By Cali Haan  |  

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

May 2, 2019 @ 7:41 am By Cali Haan  |  

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

May 1, 2019 @ 12:09 pm By JD Alois  |  

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

April 26, 2019 @ 10:10 am By Cali Haan  |  

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

April 25, 2019 @ 9:13 pm By JD Alois  |  

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

April 17, 2019 @ 3:01 pm By Cali Haan  |  

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

April 11, 2019 @ 11:26 am By Cali Haan  |  

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

April 5, 2019 @ 11:35 am By JD Alois  |  

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

April 1, 2019 @ 11:09 pm By JD Alois  |  

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

January 26, 2019 @ 8:44 am By Cali Haan  |  

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

January 25, 2019 @ 4:31 pm By JD Alois  |  

iFunding was an early entrant into the real estate crowdfunding sector. Once Title II of the JOBS Act became law (Reg D 506c), it opened up a new world of online promotion for securities offerings and real estate almost immediately became one of the hottest… Read More

January 20, 2019 @ 6:01 pm By JD Alois  |  

SIM Swap fraud is a pressing problem not only in the crypto world but identity fraud in general. A fairly new scam, the con is hatched when a criminal takes over an individual’s mobile phone by cloning the hardware. Once the perpetrator controls the mobile… Read More

January 8, 2019 @ 9:46 am By Cali Haan  |  

A man arrested for flinging Hong Kong hundred dollar bills ($13 USD) off a local high-rise in December is now being sued by investors who say he duped them out of $3 million dollars, South China Morning News (SCMP) reports. Four investors staged a protest… Read More

January 7, 2019 @ 9:20 am By JD Alois  |  

Happy New Year. Filed on January 3rd, the busy law firm of Levi & Korsinsky filed a class action lawsuit against Nano cryptocurrency and failed crypto exchange Bitgrail along with its founder Francisco “the Bomber” Firano. The lawsuit was filed on behalf of plaintiff James… Read More

December 30, 2018 @ 3:30 pm By Onki Kwan  |  

Recently, the SEC has charged the gamut of ICO players with violating the securities laws, including companies raising money with ICOs, an exchange, and people promoting ICOs. None of the recent cases contained allegations of fraud and in some cases, the companies attempted to comply… Read More

December 29, 2018 @ 6:37 pm By Cali Haan  |  

Florida law firm Silver Miller is making quite a name for itself as it files yet another class action lawsuit against a crypto Ponzi scheme called “Coin Signals” allegedly pervaded by Jeremy Spence of New York, Jaime Cruz-Herrera of New Jersey and associates. According to a… Read More

December 29, 2018 @ 9:05 am By Cali Haan  |  

Craig Wright, an Australian businessperson and Bitcoin enthusiast who claims to be the elusive inventor of Bitcoin, Satoshi Nakamoto, has lost a bid to have a lawsuit filed against him in Florida courts dismissed. The suit claims that Wright absconded with between 300 000 and… Read More

December 13, 2018 @ 11:15 pm By Cali Haan  |  

The world of cryptocurrencies has often been compared to the Wild West or some other “every man for himself” situation. Users are repeatedly admonished to protect their “private keys” (passwords, essentially) and maintain custody of them whenever possible. “No keys, no crypto” is a popular… Read More

December 6, 2018 @ 9:21 pm By Cali Haan  |  

Plaintiffs in Florida have brought a suit against Bitcoin Cash ABC, it’s leader Roger Ver, the Kraken cryptocurrency exchange, and others, arguing the parties colluded, “to take control of the Bitcoin Cash network for personal gain…which caused a global capitalization meltdown of the Bitcoin Cash network… Read More

October 30, 2018 @ 11:12 am By Cali Haan  |  

Jacob Burrell Campos, 21, plead guilty in San Diego yesterday to operating an unlicensed money business and agreed to forfeit $823,357.00, according to a news release from the US Attorney’s Office-Southern District of California. Mr Campos admitted he traded hundreds of thousands of dollars of… Read More