The Justice Department has filed a civil forfeiture complaint to seize crypto and NFTs allegedly tied to laundering efforts by North Korea.
Court News
A court is a tribunal that has the authority to provide legal processes of resolving disputes between parties in criminal, civil and administrative matters relying on the law. The court is one of the branches of power and is crucial to the political, economical and social prosperity of the country it’s in. The decisions of the court may be crucial to any industry working under its jurisdiction. For example, a court can pause or cancel an unconstitutional law or establish new law enforcement practices in fields like IT, minerals, environment and others. The court has already been involved in the blockchain industry. Courts are working on Bitcoin-fraud cases, making decisions about measures of restraint for criminals that were operating with blockchain-based platforms and more. Famous blockchain-related court cases include Ross Ulbricht’s case about the dark market Silk Road and Mark Karpeles case concerning the Mt.Gox exchange bankruptcy.
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Ukrainian police claimed the man’s actions caused a server hosting company to suffer losses estimated at over $4.4 million.
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After buying 32,000 BlackBerry patents, Malikie Innovations sued Bitcoin miners Marathon Digital and Core Scientific over alleged use of its intellectual property.
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Trung Nguyen was caught after accepting money from undercover cops, making several transactions and sending them Bitcoin in return.
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A Block Earner spokesperson told Cointelegraph that ASIC's case against the firm has escalated to a “broader legal question” around the definition of a financial product.
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The jury in John Karony's case took a matter of hours to deliberate after a roughly two-week trial, during which he repeatedly claimed he was innocent.
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India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks.
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Binance says all members of a class lawsuit alleging it sold securities should be sent to arbitration, claiming they waived their ability to sue the crypto exchange under its terms of use.
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Coinbase has been hit with at least six lawsuits over the crypto exchange's recent disclosure that some of its support agents were bribed to leak user data.
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Lawyers for Eric Council Jr. had requested a sentence of one year and one day, while the US government asked for two years.
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Ripple’s Stuart Alderoty said “procedural concerns” are at the heart of a court’s denial of a joint motion by Ripple and the SEC to settle the regulator’s case against it.
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US government charges against Tornado Cash co-founder Roman Storm were slightly pared back after a memo said the Justice Department would end most crypto cases.
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Liquidators from KPMG have been appointed by court order to oversee the bankruptcy proceedings of the Multichain Foundation.
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OpenAI’s World project is coming to the US, where a state-by-state approach to privacy could complicate user protections.
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Former Cred CEO Daniel Schatt and ex-financial chief Joseph Podulka admitted to misleading customers about the firm’s financial troubles as part of a plea agreement.
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