On Friday, August 26, 2022, the United States District Court for the Southern District of New York awarded blockchain-based payment solution Paypolitan more than $800,000 in damages in a breach of contract case against Eloisa Marchesoni and Giacomo Arcaro. The case is styled as ‘Paypolitan v. Marchesoni et al’ with case number #21-CV-5397 (RA) (RWL). Based in Germany, Paypolitan is a financial technology company that primarily provides business-to-business payment-processing services. It uses blockchain technology, smart contracts, and open banking APIs to provide a next-gen billing solution ..read more

On Thursday, August 25, 2022, Matthew Albright, a Florida resident, filed a class action lawsuit in the United States District Court for the Southern District of New York against Terraform Labs, Pte. Ltd., Jump Crypto, Jump Trading Llc, Republic Capital, Republic Maximal Llc, Tribe Capital, Definance Capital/Definance Technologies Oy, Gsr/Gsr Markets Limited, Three Arrows Capital Pte. Ltd., Pantera Capital, Nicholas Platias, and Do Kwon. In May 2022, the LUNA token, now rebranded as Terra Luna Classic (LUNC), lost essentially 100% of its value in just a few days. Prior to the collapse, the col ..read more

On Friday, August 26, 2022, the United States District Court for the Northern District of California denied a motion to dismiss the lawsuit filed by Gor Gevorkyan against Chinese crypto mining hardware manufacturer Bitmain. The case is styled as ‘Gevorkyan v. Bitmain,’ with case number #18-cv-07004-JD. On November 19, 2018, Gevorkyan, a Los Angeles resident, filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. According to Gevorkyan, he purchased ASIC devices from Bitmain in January 2018, including an AntMiner S9, with the purpose of mining cryptocurrencies for h ..read more

Crypto trading has become a very popular activity today since it gives people a unique possibility to earn a lot of money online. It means exchanging one cryptocurrency for another in order to get profits in the end, so basically, you don’t need to put in too much effort, and sometimes pure intuition might be the best tool in this process. However, crypto trading is not an easy task for the majority of people since in most cases this process greatly resembles gambling and you are not sure what will be the outcome of your actions.  Due to this reason, developers have decided to establish t ..read more

On Friday, August 19, 2022, the federal government filed an opposition to a motion filed by Jeffrey Stephens to reopen his detention hearing in the United States Court for the Western District of Washington. The case is styled as ‘United State of America v. Stephens’ with case number #CR21-129 JCC. On August 11, 2021, a grand jury indicted Mr. Stephens for conspiracy to distribute controlled substances and laundering of monetary instruments. Mr. Stephens, who has been in custody since September 2021, is alleged to be a prolific high-level drug vendor, selling multiple controlled substances on ..read more

On Thursday, August 18, 2022, the United States Court of Appeals for the First Circuit unanimously decided that taxpayer James Harper could continue to sue the Internal Revenue Service (IRS) for unlawfully obtaining private financial information concerning his usage of virtual currency through third-party exchanges. In August 2019, the IRS informed Harper that it had information on his virtual currency accounts and activities and cautioned him that failing to appropriately disclose such transactions could result in civil or criminal enforcement action. In July 2020, Harper sued the IRS, Commis ..read more

On Tuesday, August 16, 2022, the United States District Court for the Northern District of California entered an order granting a motion filed by Travelers Commercial Insurance Company relating to an insurance claim filed by Heidi Burt and Kyle Burt. The case is styled as ‘Burt et al v. Travelers Commercial Insurance Company’ with case number #22-cv-03157-JSC. The following are as alleged and summarized from the filing. The plaintiffs are two siblings who received $339,000 worth of digital assets from their father, Harry Burt. Mr. Burt acquired a Coinbase account in April 2020 and began purcha ..read more

On Wednesday, August 17, 2022, Yongjun Chu filed a fraud complaint against a Singaporean who allegedly owns crypto exchange Coinbestexsite. The filing in the United States District Court For The Northern District Of Texas is entitled ‘Complaint,’ in a case styled as ‘Chu v. John Doe.’ The case number is #3:22-cv-01820. Chu alleged that the defendant defrauded him of cryptocurrency worth approximately $468,982.95 through the website “coinbestex.site,” which the defendant operates and which purports to be a legitimate online cryptocurrency exchange. The following are allegations in the filing. D ..read more

On Friday, August 19, 2022, Charles Clark filed a complaint against Christine Kimberly Bradslaw, also known as Leanne Kezin, in the United States District Court for the District of Colorado. The case is styled as ‘Clark v. Kezin.’ The plaintiff is an older gentleman residing in Colorado Springs. After his wife passed away in April 2020, Mr. Clark sought to make new acquaintances. Mr. Clark joined an online dating service called “Our Time” and posted a personal profile. According to Mr. Clark, he provided an excessive amount of personal details, which made him an attractive target to online fra ..read more

On June 17, 2022, a putative class action was filed in the United States District Court of the Northern District of California against TerraForm Labs Pte. Ltd (TFL), Jump Crypto, Jump Trading LLC, Republic Capital, Republic Maximal LLC, Tribe Capital, DeFinance Capital, DeFinance Technologies, GSR/GSR Market Limited, Three Arrows Capital Pte. Ltd, TFL’s co-founder, and CEO Do Kwon, and Head of Research, Nicholas Platias. Now, five different individuals each claim to be the biggest financial loser and should lead the class. The complaint alleges that the defendants violated a provision of the E ..read more