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$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery

[Oct 14 2:30 AM] James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing…

Atomic Wallet asks to toss suit over $100M hack, saying it has ‘no US ties’

[Nov 20, 2023 12:33 AM] The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado, where the suit was filed.

Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

[Oct 26, 2023 6:49 PM] The NFT artists were also ordered to cover Yuga Labs’ legal fees after determining the trademark infringement constituted an “exceptional case.”

Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed

[Aug 10, 2023 10:00 PM] Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent…

Class Action Lawsuit Against Tether, Bitfinex Dismissed

[Aug 5, 2023 1:30 PM] A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin…

Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception

[Jul 7, 2023 11:30 AM] After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had…

South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders

[Apr 7, 2023 8:00 AM] According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash…

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

[Mar 14, 2023 1:30 PM] The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would…