Lawsuits

Lawsuits

SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security

Investors suing Ripple have started citing the SEC’s token guidance to back their claim that XRP is an unregistered security.

Policy & regulation  ·  13 August 2019
Lawsuits

Kik Says SEC Lawsuit ‘Twisted Facts’ About Startup’s $100 Million Token Sale

Kik claims the SEC took comments out of context and manipulated facts in its suit alleging the firm’s token sale violated securities laws.

Markets  ·  7 August 2019
Lawsuits

Former Mt Gox CEO Karpeles Must Face US Class Action, Judge Rules

Mark Karpeles, former CEO of the early bitcoin exchange Mt. Gox, must face a class action lawsuit in Philadelphia over the firm's 2014 collapse.

Policy & regulation  ·  30 July 2019
Crime

AT&T Fails to Win Dismissal in $24 Million Crypto SIM-Swap Lawsuit

Crypto investor Michael Terpin has won an early victory in his attempt to sue AT&T over a SIM-swapping hack that lost a claimed $24 million.

Policy & regulation  ·  23 July 2019
Regulation

New Jersey Takes Online Market to Court Over 2018 Crypto Token Sale

The U.S. state of New Jersey is taking legal action over alleged securities violations by blockchain rental marketplace Pocketinns.

Policy & regulation  ·  19 July 2019
Exchanges

Mt Gox Founder Hit With Lawsuit Over Alleged Fraudulent Misrepresentation

Mt. Gox founder Jed McCaleb has been accused in court of hiding issues at the now-collapsed exchange before selling it to Mark Karpeles.

Policy & regulation  ·  26 June 2019
Lawsuits

Ex-Employee Sues Startup Behind Zcash for $2 Million Over Unpaid Stock

The plaintiff alleges Zerocoin did not have authority to issue common stock to employees when he was hired.

Markets  ·  11 June 2019
Lawsuits

Firm That Saw Stock Boost After Crypto ‘Pivot’ Hit With New SEC Charges

The SEC filed fresh fraud charges against Longfin Corp. on Wednesday, alleging the company falsified its accounting. Longfin's stock price jumped after it announced a crypto pivot in 2017.

Policy & regulation  ·  5 June 2019
Regulation

The SEC Case Against Kik’s ICO Appears Strong, Experts Say

The SEC seems to have a strong case on the facts in its complaint against Kik and its 2017 token sale, according to legal experts.

Policy & regulation  ·  5 June 2019
Lawsuits

The 8 Biggest Bombshells From the SEC’s Kik ICO Lawsuit

In a complaint filed Tuesday, the SEC laid out where Kik allegedly ran afoul of U.S. securities law with its $98 million ICO in 2017. It also revealed a lot more.

Markets  ·  4 June 2019
Lawsuits

The SEC Is Suing Kik for Its 2017 ICO

The U.S. Securities and Exchange Commission has filed suit against Kik over its 2017 initial coin offering.

Markets  ·  4 June 2019
Lawsuits

Winklevoss Capital, Charlie Shrem Settle $26 Million Bitcoin Lawsuit

Cameron and Tyler Winklevoss have settled their case against Charlie Shrem, whom they previously claimed owed them $26 million worth of bitcoin.

Markets  ·  17 April 2019
Crime

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million

Israeli blockchain prediction market Stox and its founder Moshe Hogeg are reportedly being sued for $4.6 million over alleged fraud.

Policy & regulation  ·  25 January 2019
Crime

Craig Wright Denied Attempt to Dismiss Lawsuit Over Billions in Bitcoin

A U.S. court has denied crypto entrepreneur Craig Wright’s attempt to dismiss a lawsuit alleging he misappropriated at least 300,000 bitcoin.

Policy & regulation  ·  28 December 2018
Hacking

Court Win for Bithumb Exchange in Case of Crypto Investor’s $355K Hack

A South Korean court has ruled in favor of the Bithumb cryptocurrency exchange after a user sued the firm over a $355,000 hack.

Markets  ·  26 December 2018