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Court – DIGIT INFO

South Korea’s Supreme Court Expands Bitcoin Seizure Powers, With October Rollout Set to Speed Claims

South Korea’s top court has drafted a civil execution amendment establishing explicit legal procedures to freeze, seize, and liquidate virtual assets like bitcoin during civil litigation.   New Rules on Asset Seizure South Korea’s Supreme Court has announced a sweeping update to its civil enforcement regulations, establishing clear legal procedures for seizing, freezing and liquidating … Read more

Australia’s ASIC Wins High Court Appeal as Block Earner Yield Product Faces Fresh Penalty Fight

The High Court of Australia ruled unanimously (7-0) that fintech platform Block Earner illegally offered its cryptocurrency yield product. High Court Sides With Regulator In a landmark decision, the High Court of Australia has ruled that a cryptocurrency yield product was offered illegally without a financial services license. The 7-0 ruling by the country’s highest … Read more

Celsius Founder Faces Permanent Trading Ban After Fraud Conviction

Nearly three years after Celsius unraveled, the CFTC has closed its civil enforcement case against founder Alexander Mashinsky with a federal consent order imposing permanent trading and registration bans. The decision marks another chapter in the fallout from a crypto lender that regulators alleged attracted about $20 billion in customer funds through misleading claims about … Read more

Noah Doe-Linked Bitcoin Awakens Again as Another 2011 Casascius Coin Cashes Out

Onchain records show yet another Casascius physical bitcoin has been redeemed, this time from an address originally created on Nov. 1, 2011. The plot thickens, however, because the spend traces back to another dormant wallet tied to the sprawling New York Supreme Court case Noah Doe v. John Does 1–39,069, adding one more chapter to … Read more

1,878 BTC Moves Onchain as Noah Doe’s Declaratory Judgment Bid Unravels

After a judge halted a default judgment Friday in the New York Supreme Court case Noah Doe v. John Does 1-39,069, several onchain wallets linked to the litigation have sprung into motion. On Sunday, Galaxy Research identified a wallet dormant since 2019 that transferred 1,878.5711 BTC, valued at $114.16 million, marking its first activity in … Read more

NY Court Pauses Default Judgment After Lawyer Argues 39,069 Bitcoin Wallets Were Not Abandoned

A New York attorney intervened to stop what could have been the largest courtroom judgment in bitcoin in history, filing an amicus brief that persuaded a judge to freeze proceedings targeting nearly 40,000 dormant wallets collectively holding an estimated 3.8 million BTC. 2011-Era Coins Are Moving The legal battle is unfolding alongside a wave of … Read more

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