Tag: lawsuit

Jul 22 2021

Jul 12 2021

Bitcoin crashed; Binance Froze; now we have a lawsuit

Mid-May when cryptocurrencies suddenly started to plunge one after another, Binance froze, stranding its users in the middle of a crypto apocalypse. World’s largest cryptocurrency exchange froze for over an hour two months ago, costing hundreds and thousands of traders their fortune. Many traders wanted to file a complaint against the exchange but Binance's lack The post Bitcoin crashed; Binance Froze; now we...

Jun 24 2021

Judge Rejects Class Certification In Lawsuit Over Mt. Gox Hack

In the latest legal development around victim attempts to recover funds from bitcoin exchange Mt. Gox, a judge denied class certification.In the latest legal development around the 2014 hack of Mt. Gox, perhaps the most notorious bitcoin exchange event in history, a federal judge in the U.S. has rejected a bid for class certification from victims.“An Illinois federal judge … rejected...

Jun 22 2021

May 31 2021

Lawsuit Alleges $250 Million Israeli ICOs to Be Scams

The plaintiffs are now seeking $16.1 million in damages for their investment in these ICOs.

US Court Denies SEC Access to Ripple’s Legal Communications

The judge was convinced that those communications are protected under the attorney-client privilege.

May 12 2021

Ross Ulbricht Sues Federal Government, Alleges Religious Rights Are Being Violated In Prison

Ross Ulbricht, founder of Bitcoin darknet marketplace Silk Road, is suing over the right to communicate with his father.Ross Ulbricht, the convicted founder of massive darknet marketplace Silk Road, filed...

Apr 08 2021

Ledger and Shopify Face Class Action Lawsuit Over Data Breach

Apr 08 2021 Published at Crypto Briefing under tags  business hack lawsuit ledger wallets

Hardware wallet firm Ledger and its e-commerce partner Shopify have been hit by a class-action lawsuit over a 2020 data breach that leaked the personal data of 270,000 customers. Plaintiffs Lost Funds In Phishing Attacks The legal complaint has been brought to a North California court by...

Apr 07 2021

Former BitMEX CEO Arthur Hayes Surrenders to US Authorities

Apr 07 2021 Published at Crypto Briefing under tags  arthur hayes bitmex business lawsuit

After living in Singapore since the charges were announced, Arthur Hayes has surrendered to U.S. authorities in Hawaii before posting a $10 million bail. No Country for Arthur Hayes Arthur Hayes will face trial for violating the Bank Secrecy Act after not taking enough measures to prevent money launder on his exchange BitMEX. Hayes accepted to fly to Hawaii, surrender, and be immediately...

Apr 05 2021

XRP User Files Lawsuit Against Nexo for $5M in Liquidations

Apr 05 2021 Published at Crypto Briefing under tags  business grayscale lawsuit ripple

One day after the SEC filed legal action against Ripple in December 2020, Nexo suspended XRP. Now, one California resident is suing Nexo for $5 million in losses from the move. Users Lose $5M in Nexo Debacle The lawsuit has been filed by Junhan Jeong, a California resident who had taken out a fiat loan from...

Mar 30 2021

SEC Suing LBRY Over $11 Million Token Sales

Mar 30 2021 Published at Crypto Briefing under tags  business lawsuit lbry sec securities

The SEC is going after LBRY. SEC Suing LBRY The Securities and Exchange Commission (SEC) has filed a lawsuit against LBRY. The...

Mar 16 2021

Alameda Research, Reef Finance Clash Offers Stark Crypto Warning

Days after "investing" $20 million in Reef Finance, Alameda Research refuted all ties with the DeFi project, leveling numerous accusations against it. Reef Finance, however, reveals a wholly different take. So, what happened? With screenshots and transcripts now available, the debacle ultimately reveals...

BitMEX Co-Founder Ben Delo Apprehended in New York

Mar 16 2021 Published at Crypto Briefing under tags  bitmex business lawsuit

The four founders of well-known U.S. derivatives exchange BitMEX are all wanted for violating US anti-money laundering laws. Now, two of them have surrendered to authorities. Two BitMEX Founders Apprehended Ben Delo had been staying in the UK, his native country, since the charges came up. He...

Mar 08 2021

Mar 04 2021

BitMEX Co-Founders Arthur Hayes and Ben Delo Considering to Surrender

The third co-founder Samuel Reed was arrested earlier and is now out on bail.

Mar 03 2021

Ripple Company might Settle with the SEC in 2021

Mar 03 2021 Published at CryptoTicker under tags  crypto lawsuit ripple ripple (xrp) sec

Ripple might have to settle with the SEC in 2021. In fact, this prediction comes after looking at the hard evidences that EOS company Block did the same back in 2019....

Mar 02 2021

Elon Musk is under SEC Investigation…Again?

Last week, news surfaced that the SEC is investigating Elon Musk. His previous Tweets about Dogecoin caused this investigation. In fact, this is not the...

Feb 23 2021

Bitcoin Rebounds on Tether, NY AG $18.5M Settlement

Feb 23 2021 Published at Crypto Briefing under tags  bitfinex lawsuit markets nyag tether

New York's Attorney General Letitia James and iFinex Inc., the parent company of Tether and Bitfinex, have settled the $850 million lawsuit for a penalty of $18.5 million and mandatory reporting on business operations in the future. The end to the Tether saga, which stoked fears of a massive...

Feb 22 2021

Kraken Users Threaten Lawsuit Over Flash Crash

Kraken users on Reddit have discussed launching a class-action lawsuit due to losses they claim were incurred in a flash crash earlier today. Traders Consider Lawsuit On Feb 22., multiple Kraken price pairs deviated from the market value. ETH crashed to almost $700 despite the market value being around $1,600, while ADA and BTC also saw price dips that didn't match the market....

Feb 12 2021

Crypto Theft Victim Sues T-Mobile for Allowing SIM-Swap Attack

The plaintiff lost 15 Bitcoins over a purchase to the hacker impersonating as Iterative Capital co-founder.

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