Tagged: lawsuit

After 4-Month Fight, Bitfinex Ordered to Provide Business Records

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

Bitcoin Cash: Negligence Case Against Coinbase to Proceed, Fraud Claims Dismissed

Gavel Court Legal Trial Law rawpixel unsplash

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

New York Attorney General Says Bitfinex Crypto Exchange Should Have Required Records On Hand

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

Class Action Against Disgraced Mt Gox Bitcoin Exchange CEO Proceeds in Pennsylvania

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

Bitfinex Lawyers Threaten to Appeal if Motion to Dismiss New York Fraud Case Denied

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

Bitfinex Fraud Case Extended 90 Days, Trading from New York “Easy”

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

“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

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

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

Send this to a friend