Lawsuit

Bitfinex Must Face New York Allegations Over $850M in Lost Funds, Appeals Court Rules

Cryptocurrency exchange Bitfinex will have to face allegations from New York State that it hid millions in lost funds, according to a ruling by the State Supreme Court’s Appellate Division on Thursday.  iFinex, which operates both Bitfinex and Tether, argued the funds had been deposited with a Panama-based company and were later seized by authorities …

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Tron Arbitration Challenged in Hostile Work Environment Lawsuit

Two technology developers are trying to keep their workplace harassment lawsuit against the Tron Foundation on the path to trial. A legal challenge is calling on a court to overturn an order allowing the central organization developing the Tron cryptocurrency to privately litigate a lawsuit through arbitration. Richard Hall and Lukasz Juraszek, employees fired from …

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Digital Currency Guru of $568M Cyber Fraud Forum Pleads Guilty

Sergey Medvedev, a Russian national who operated a digital currency escrow service for the $568 million payment card fraud forum he founded in 2010, pleaded guilty to racketeering charges in what the U.S. government called its largest ever cyber fraud case.  Medvedev, 33, admitted in his June 26 plea before the U.S. District Court for …

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Self-Proclaimed Satoshi Claims He’s Autistic, Judge Tosses Out Sanctions Against Craig Wright

Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more. …

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Ex-Bitcoin Dev Settles Defamation Suit Over Sex Assault Claims

Former Bitcoin Core developer Peter Todd has settled his defamation lawsuit against fellow privacy-tech expert Isis Lovecruft, who tweeted in February 2019 that Todd was a “rapist.” Lovecruft, who uses nonbinary pronouns, claimed in 2019 that Todd sexually harassed them and grabbed their arm, which he denied. After he sued Lovecruft for defamation, two anonymous …

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Google countersues Sonos for smart speaker patent infringement

Sponsored Links Engadget In the latest move of a heated smart speaker legal battle, Google has countersued Sonos, claiming the smart speaker company infringed its patents, Bloomberg has reported. The fight erupted in January this year when Sonos sued Google for alleged patent infringement after the companies had collaborated for several years. Sonos claimed that …

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Amazon workers sue over alleged failure to follow COVID-19 guidelines

Sponsored Links ANGELA WEISS/AFP via Getty Images Amazon is facing more scrutiny over its handling of COVID-19 at its warehouses. Workers at the internet retailer’s Staten Island warehouse have filed a lawsuit (via CNBC) accusing the company of failing to follow CDC and New York state public health guidelines for the new coronavirus, not to …

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SEC Moves to Freeze Assets of Alleged $12M Crypto Investment Scam

The U.S. Securities and Exchange Commission (SEC) moved Friday to freeze the assets of a cryptocurrency mining and multilevel marketing scheme that it claimed bilked investors of $12 million. Unsealing its complaint against Utah resident Daniel F. Putnam, his businesses MMT Distributions and R & D Global and associates Angel A. Rodriguez of Utah and …

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Bittrex and Poloniex Targeted in Class-Action Crypto Manipulation Suit

The plaintiffs behind a class-action alleging that Bittrex and Tether drove the 2017 bull run through market manipulation have requested the issuance of summons to exchanges Bittrex and Poloniex.  The lawsuit, first filed in October 2019, alleges that veteran cryptocurrency exchange Bitfinex and its sister company Tether inflated the supply of Tether’s USDT stablecoin without …

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