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

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 Reed looted about $440,308,400 of proceeds of various nefarious activities.” The cryptocurrency derivatives platform Bitmex is facing … Read more

Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation. The day after March 12, otherwise … Read more

Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud

Former Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin offering (ICO). Last May, a class-action lawsuit on behalf of … Read more

Testimony From Craig Wright’s Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit

On June 30, a jury trial was scheduled for the notorious Kleiman v. Wright lawsuit on October 13. Now a recent filing from the plaintiffs notes that when Craig Wright’s ex-wife Lynn Wright recently testified, she revealed a number of interesting findings. Lawyers representing the Kleiman estate say her testimony brings the “infamous “Tulip Trust” … Read more

Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads

Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses have been hurt by Google, Facebook, and Twitter banning crypto ads on their platforms. Google, Facebook, and Twitter Taken to Court Over Crypto Ads Ban Cryptocurrency … Read more

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

The Kleiman v. Wright case is seemingly headed to trial on July 6, 2020, after Judge Beth Bloom ruled against the Kleiman’s attempt to levy sanctions against Craig Wright, the man who claims to be Satoshi Nakamoto. It seems Wright has claimed that a licensed clinical psychologist diagnosed him with “Autism Spectrum Disorder with high … Read more

Ripple Faces Another Lawsuit Over its XRP Asset

Ripple has always been a company that attracts a lot of attention in the cryptocurrency world. Unfortunately, that also means that the company has to deal with lawsuits every now and then. Speaking of lawsuits, a new one has been filed by Bitcoin Manipulation Abatement LLC.  Another Ripple Lawsuit Pops up According to that group, … Read more