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Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation

US cryptocurrency exchanges Bittrex and Poloniex have been added to a class-action lawsuit that alleges billions of unbacked Tether stablecoin were used to manipulate Bitcoin price. The two US exchanges have been added as defendants in an ongoing lawsuit against Tether and Bitfinex. Poloniex and Bittrex have been summoned to appear to the court because … Continue reading Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation

Bitfinex and Tether Claim Lawsuit Allegations of Market Manipulation are Baseless

BitFinex and Tether have officially spoken out against what they are describing as a baseless lawsuit, designed to undermine the cryptocurrency ecosystem. Roche Freedman, New York-based legal firm, filed a class-action lawsuit on behalf of those who own cryptocurrency against Bitfinex and Tether and others for crypto market manipulation and creating the largest bubble in history. In … Continue reading Bitfinex and Tether Claim Lawsuit Allegations of Market Manipulation are Baseless

SEC Finalizes Lawsuit Against the Founder and CEO of Fraudulent ICO

The US Securities and Exchange Commission (SEC) has revealed that it has received a final judgment in a US district court action against Eran Eyal, the CEO and Founder of Shopin, for carrying out an allegedly fraudulent ICO. The US District Court for the Southern District Of New York handed a final judgment against Eyal … Continue reading SEC Finalizes Lawsuit Against the Founder and CEO of Fraudulent ICO

YouTube and Ripple Intertwined In Lawsuit Battle For XRP Scam Videos

Blockchain company Ripple and CEO of the currency exchange network Brad Garlinghouse is suing YouTube for allegedly playing a part in the repeated Ripple (XRP) crypto giveaway scams that have been circulating on the video content platform.  Ripple Angered By YouTube Ripple argued that the video sharing company benefitted from crypto scammer’s malicious channels, as revenue could be generated from the paid ads that played in between video streams.  YouTube Fights … Continue reading YouTube and Ripple Intertwined In Lawsuit Battle For XRP Scam Videos

Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban

Facebook, Google, and Twitter have been slammed in a class-action lawsuit over a 2018 cryptocurrency ad ban. The lawsuit was instigated by a group of cryptocurrency businesses and individuals who claim that the ban placed by these social media giants has hurt their businesses. The claimants are being represented by a Sydney-based firm JPB Liberty. … Continue reading Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban

Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement

Ripple Labs, the blockchain and payments solutions company that developed XRP cryptocurrency, is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.  Australian Consortium Sues Ripple The NPPA, a consortium of the major banks in Australia and set in place by the Reserve Bank of Australia for interbank payments and transfers, … Continue reading Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement

US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation

The US Department of Justice has filed a suit against North Korean state-sponsored cyber hackers for allegedly perpetrating two major cryptocurrency heists. Crypto exchanges suffer North Korean cyber attack The complaint, filed on Thursday, outlined two hacks that were allegedly conducted by state-sponsored North Korean cybercriminals, and that targeted two cryptocurrency exchanges hit last year. Proton Tokens (PTT), PlayGame tokens (PXG), and IHT Real Estate Protocol tokens … Continue reading US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation

Tezos Settles Class-Action Lawsuit Over 2017 $232 Million ICO to the Tune of $25 Million

The Tezos Foundation has settled for $25 million in a class-action lawsuit that had been ongoing since 2017 over its Initial Coin Offering (ICO) which raised $232 million. Tezos has concluded a class-action lawsuit over its 2017 $232 million ICO and will compensate investors who sold their XTZ and lost money on their investment prior … Continue reading Tezos Settles Class-Action Lawsuit Over 2017 $232 Million ICO to the Tune of $25 Million

US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO

On September 30, the United States District Court for the Southern District of New York issued a Memorandum Opinion and Order granting the US Securities and Exchange Commission’s motion for summary judgment against Kik Interactive Inc and its $100 million ICO. US Judge Alvin Hellerstein ruled that tech company Kik violated securities laws by failing … Continue reading US SEC Wins Lawsuit Against Kik’s $100 Million Unregistered ICO

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian electronics entrepreneur Dick Smith is threatening The Guardian with legal action after the media outlet hosted ads linked to fake news pieces indicating the Aussie icon supports a fake Bitcoin and crypto investment scam. The legal team for Dick Smith is threatening The Guardian Australia with a defamation suit after they became aware of … Continue reading Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

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