Lawsuit

Sony faces lawsuit over alleged “monopoly pricing” of PlayStation downloads

Enlarge / A gift card like this goes less far because of Sony’s monopolistic control of the PlayStation downloads market, according to a new lawsuit. In Apple’s opening statements in the Epic Games v. Apple trial on Monday, the company argued that “the law protects Apple’s choice to have a closed system, just as it …

Sony faces lawsuit over alleged “monopoly pricing” of PlayStation downloads Read More »

Nexo Sued for ‘Unlawful’ Liquidation of Clients’ Collateral XRP Amid SEC’s Ripple Lawsuit

<div class=”featured_image_container”> </div> <strong>Crypto lending firm Nexo is facing a class-action lawsuit filed by an <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XRP” target=”_blank” rel=”noopener”>XRP</a> investor for “unlawfully” suspending the use of the cryptocurrency as collateral without giving notice to clients and subsequently liquidating the tokens. This happened following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) …

Nexo Sued for ‘Unlawful’ Liquidation of Clients’ Collateral XRP Amid SEC’s Ripple Lawsuit Read More »

Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting

United States-based crypto lending platform Nexo is facing a class-action lawsuit over suspension of XRP services on Dec. 23, 2020. Lead plaintiff, California resident Junhan Jeong submitted the complaint on April 1. The complaint accuses Nexo of breaching its user agreement by suspending the use of XRP as loan collateral without notifying its customers beforehand. …

Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting Read More »

LBRY fires back at SEC over ‘aggressive and disastrous’ securities complaint

Blockchain company LBRY, Inc. has hit back at the Securities and Exchange Commission, saying a complaint filed against it threatens much of the crypto industry because it would define most tokens as securities.  The SEC has been looking into the blockchain-based publishing platform LBRY, Inc. as part of a three-year investigation that started in May …

LBRY fires back at SEC over ‘aggressive and disastrous’ securities complaint Read More »

Twitter sues Texas AG alleging political retaliation for Trump ban

Twitter isn’t happy that Texas Attorney General Ken Paxton launched an investigation into the company after it banned former President Trump. CBS News reports Twitter has sued Paxton in federal court, alleging the AG is violating the First Amendment by trying to punish the social network for exercising free speech rights over the content it …

Twitter sues Texas AG alleging political retaliation for Trump ban Read More »

Jed McCaleb Sells $22 Million Worth of XRP, Ripple Cofounder’s Stash Could Run Dry by May

<div class=”featured_image_container”> </div> <strong>During the last few weeks, the former Ripple executive Jed McCaleb has reportedly been selling millions of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XRP” target=”_blank” rel=”noopener”>XRP</a> tokens and every sale has been monitored by the public. On Sunday, McCaleb dumped another 38 million <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XRP” target=”_blank” rel=”noopener”>XRP</a> worth $22 million after selling 95 million <a …

Jed McCaleb Sells $22 Million Worth of XRP, Ripple Cofounder’s Stash Could Run Dry by May Read More »

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 …

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

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 …

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

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 …

Tesla accuses engineer of stealing crucial company software Read More »

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 …

Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India Read More »