Court

Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement

</header> <strong>In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken. Now the trial will start again and …

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Victim of $24 Million SIM Swap Case Writes Open Letter to FCC Chairman

SIM swapping victim Michael Terpin wrote an open letter to the United States Federal Communication Commission (FCC) Chairman Ajit Pai. In his letter, posted by Coindesk on Oct. 21, Terpin requested that the regulator take decisive action against SIM swapping and end this type of fraud. Terpin proposes to force all U.S. mobile carriers to …

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FISA court: FBI use of NSA’s electronic surveillance data was illegal

Sponsored Links krblokhin via Getty Images A US court ruled that some of the FBI’s electronic surveillance activities violated the constitutional privacy rights of Americans. The Foreign Intelligence Surveillance Court (FISC) deemed that FBI officials improperly searched a National Security Agency (NSA) intelligence database for info on Americans. The ruling was made last year but …

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Class Action Accuses Tether and Bitfinex of Market Manipulation

A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history” Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and its affiliate crypto exchange Bitfinex have been involved in defrauding investors, manipulating markets and concealing illicit proceeds, the firm’s founding …

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Indian Supreme Court Sets Date to Hear Crypto Case Next Week

<header class=”article__header”> </header> <strong>The Supreme Court of India has confirmed a new date to hear the crypto case after multiple delays. During the last hearing, the court directed the Reserve Bank of India (RBI) to reply to crypto exchanges’ representation within two weeks, which the central bank has done.</strong> Also read: India’s Popular ‘Who Wants …

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SEC Charges Fantasy Market Founder With Orchestrating a Fraudulent ICO

The United States Securities and Exchange Commission (SEC) has charged Jonathan C. Lucas, the founder of adult entertainment marketplace Fantasy Market, with orchestrating a fraudulent initial coin offering (ICO). According to the SEC complaint published on Sept. 23, Lucas received around $63,000 in cryptocurrency from more than 100 investors “through the fraudulent offer and sale …

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Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years

The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud. As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders.  JPMorgan performed “thousands” of illegal moves According to investigators, …

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Algorithms should have made courts more fair. What went wrong?

Enlarge / The courts have become another frontline in the battle against climate change. Patrick Feller / Flickr Kentucky lawmakers thought requiring that judges consult an algorithm when deciding whether to hold a defendant in jail before trial would make the state’s justice system cheaper and fairer by setting more people free. That’s not how …

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British Hacker to Hand Over $1M in Crypto for Phishing Attacks

A British judge has ordered the confiscation of $1.1 million worth of cryptocurrency from a hacker who used phishing attacks to steal personal data and sell it on the dark web. As The Telegraph reported on Aug. 23, judge Joanna Korner of Southwark Crown Court ruled that the police could confiscate $1.1 million worth of …

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India: Supreme Court Gives Central Bank 2 Weeks to Justify Crypto Ban

India’s supreme court has slammed the country’s central bank over its handling of a cryptocurrency business ban and ordered it to address complaints. Judge: RBI has not properly responded to representation In the latest session of an ongoing hearing into the actions of the Reserve Bank of India (RBI) on Aug. 21, the Court ruled …

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