Lawsuit

Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss

The Ripple community is at a loss to explain the motivation behind a class-action lawsuit filed by Florida man Tyler Toomey against Ripple Labs and Ripple CEO Brad Garlinghouse over a $48.56 loss. In November 2020, Toomey purchased 135 XRP tokens at $0.724 each for a total value of $97.80. Following news of another lawsuit …

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Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business

<div class=”featured_image_container”> </div> <strong>A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations.</strong> Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business Is ‘Completely Fraudulent’ A class-action lawsuit was filed on Wednesday in the Southern District Court of …

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Tesla accuses engineer of stealing crucial company software

Xinhua/Ding Ting via Getty Images Tesla is no stranger to allegations of staff stealing its technology, but its latest case may be particularly brazen if true. As Electrek has learned, the EV maker has sued engineer Alex Khatilov for allegedly stealing the company’s custom Warp Drive software (used to automate purchasing and other systems) within …

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Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India

<div class=”featured_image_container”> </div> <strong>A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. T</strong><strong>he Delhi court has directed a notice to be placed in major newspapers, seeking victims of this scam …

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Ripple’s CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon

<div class=”featured_image_container”> </div> <strong>Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations” by the regulator.</strong> Garlinghouse Says There Is ‘Regulatory Chaos’ in the US In a Twitter thread on his …

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SEC lawsuit against Ripple set for virtual pretrial conference in February

The U.S. District Court of the Southern District of New York has fixed Feb. 22, 2021 as the date for the pretrial of the lawsuit filed by the Securities and Exchange Commission against Ripple Labs and its principal actors. According to a court document filed on Tuesday, counsel representing all parties on the matter will …

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Bitcoin Evangelist Andreas Antonopoulos Plans to Testify in Billion-Dollar Bitcoin Lawsuit

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-39.jpg” alt width=”1456″ height=”360″></a></div><strong>On Monday evening November 16, the popular bitcoin evangelist Andreas Antonopoulos tweeted about his upcoming role in the high-profile billion-dollar bitcoin lawsuit, Kleiman v. Wright. Antonopoulos said that he will be “testifying at trial” during the month of …

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Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-2.jpg” alt width=”1456″ height=”360″></a></div><strong>A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and …

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