4 / 19 Relevant items tagged with #Court

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US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

[Sep 5 11:20 AM] The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes…

Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

[Sep 4 10:10 PM] A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new…

Ripple and SEC agree to stay $125M judgment, hinting at appeal

[Sep 4 7:42 PM] Though the SEC may choose not to appeal the Aug. 7 decision, Ripple’s lawyers requested that 111% of the monetary judgment be placed into a bank account to obtain a stay.

Nigerian judge pushes Binance exec’s bail hearing to Oct. 9

[Sep 4 6:26 PM] Detained in Nigeria for more than six months and with reported health problems, Tigran Gambaryan awaits a judge’s decision following another bail application.

Brazil’s X ban: Are VPN users at risk for accessing the platform?

[Sep 4 1:06 PM] VPN providers agree that tracking individuals accessing X via VPNs in Brazil would be challenging but not impossible.

Behind bars: 6 crypto execs who did time and one who got away…

[Sep 3 10:00 PM]  These crypto leaders had it all, but that couldn’t stop them from going to jail.

Home invaders used machete, Toblerone to rob a man of his Bitcoin

[Sep 3 3:10 AM] Scottish authorities tracked, traced, and seized Bitcoin stolen during a 2020 home invasion, marking the first robbery in Scotland to involve cryptocurrency tracing. 

Brazil Supreme Court upholds judge’s decision to suspend Elon Musk’s X

[Sep 2 7:22 PM] The Tesla CEO has used his platform on X to hint that Brazilian residents should defy the judge’s order using VPNs despite the risk of fines. 

Brazilian judge suspends X after Elon Musk refuses to name representative

[Aug 30 8:52 PM] Supreme Court Justice Alexandre de Moraes began investigating the spread of misinformation during the government of former Brazilian President Jair Bolsonaro.

Judge orders ex-FTX exec to appear after request to vacate guilty plea

[Aug 30 6:28 PM] Despite withdrawing a petition to void his guilty plea, Ryan Salame must appear in a New York courtroom on Sept. 12 as scheduled.

Crypto Firm’s CEO Stabbed in Court During Fraud Trial in Seoul

[Aug 30 2:30 AM] The CEO of cryptocurrency deposit service Haru Invest was stabbed in the neck during his fraud trial in Seoul. The attack occurred in the courtroom, carried out by a man in his 50s. Lee survived the attack with non-life-threatening injuries and was…

Ex-FTX exec scraps vacating guilty plea, refers matter to partner’s case

[Aug 29 9:49 PM] Former FTX Digital Markets co-CEO Ryan Salame pleaded guilty to two felony charges in September 2023 and was sentenced to 90 months in prison in May 2024.

Telegram CEO Pavel Durov charged and released, barred from leaving France

[Aug 28 8:02 PM] After his arrest on Aug. 24, French prosecutors said they had indicted Pavel Durov with criminal charges related to his role at Telegram.

Breaking: Telegram CEO Pavel Durov taken to court in Paris

[Aug 28 1:05 PM] Telegram founder and CEO Pavel Durov was taken to court from custody on Wednesday, several reports suggested.

U.S. SEC Settles with Abra Over Unregistered Sales of Securities

[Aug 26 7:07 PM] Abra has agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform, owned by Plutus Lending, inappropriately pushed Abra Earn to customers when the product qualified as a security that should have been…

US authorities oppose ex-FTX exec’s motion to void plea deal

[Aug 26 5:01 PM] The US Attorney’s Office said Ryan Salame made a “demonstrably false” allegation by claiming prosecutors did not intend to continue investigating his partner, Michelle Bond.

Breaking: Telegram CEO Pavel Durov allegedly arrested in France

[Aug 24 9:22 PM] Reports are trickling in via social media, but so far, we haven’t seen any official confirmation.

Crypto law firm loses appeal to force SEC’s hand on Ether classification

[Aug 23 5:59 AM] Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security.

SEC opposes Richard Heart’s bid to dismiss $1B securities lawsuit

[Aug 23 3:48 AM] The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US.

Nvidia crypto sales case could see flood of ‘frivolous’ lawsuits — Advocate body

[Aug 22 6:18 AM] Crypto advocates The Digital Chamber has backed Nvidia in a Supreme Court fight with investors, saying the court’s decision could affect the entire crypto industry.

Ryan Salame seeks to void guilty plea, says fed didn’t keep promise

[Aug 22 3:48 AM] The government has reneged on its agreement to stop investigating his partner, claims former FTX executive Ryan Salame.   

Shaquille O’Neal may still be in hot water over Astral NFTs, says judge

[Aug 20 1:59 AM] A Miami judge didn’t dismiss a claim that basketball legend Shaquille O’Neal was a “seller” of Astrals NFTs and found they could be securities under US law.

Judge sets Oct 2025 trial for brothers allegedly behind $25M exploit

[Aug 19 7:06 PM] Shortly after their arrest in May, Anton and James Peraire-Bueno were released on $250,000 bonds until the conclusion of their criminal case.

Shaquille O'Neal Will Have to Defend Some of the Allegations Against Him in the Astrals NFT Lawsuit

[Aug 19 7:34 AM] A U.S. court has granted one part and dismissed another part of a class action lawsuit against legendary basketball player Shaquille O'Neal for his role in the NFT project Astrals, according to court documents.

Better Markets CEO Says SEC Has 90% Chance of Winning in Ripple Appeal — Criticizes Judge’s XRP Ruling

[Aug 18 11:35 PM] Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case…

Crypto mixer founder argues 30-year prison sentence is ‘unwarranted’

[Aug 16 10:05 PM] In March, a jury convicted Bitcoin Fog founder Roman Sterlingov of four counts related to money laundering through the operations of the crypto mixing service.

Thailand's PM Removed, But Crypto Policies Likely to Remain 'Largely' Unaffected in Political Uncertainty

[Aug 14 1:06 PM] Thailand Prime Minister Srettha Thavisin's shock removal from office by a court on Wednesday may not impact crypto rules in the nation, even if some policy implementations may be affected, experts told CoinDesk.

SEC charges Novatech, company founders, promoters with fraud

[Aug 12 6:25 PM] Novatech claimed funds were stolen via a cyberattack in May 2023 and reassured customers the company was working to recover the assets.

US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

[Aug 8 6:05 PM] A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of…

DOJ recommends harsher sentences AI-enhanced crimes

[Aug 7 9:30 PM] Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon.