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E Pluribus Unum: Four Class-Action Suits Against Bitfinex Over 2017 BTC Price Now One

News The four class-action suits against Bitfinex, Tether and parent company iFinex over alleged market manipulation leading to Bitcoin’s (BTC) 2017 bull market have been consolidated — with implications for every BTC buyer since April 2017. Per an order dated Jan. 24 and filed Jan. 27 from Judge ..

Disgruntled Employee Stole Bitcoin from Japanese Project Vipstarcoin

News Two men have been arrested in Tokyo on suspicion of defrauding IT firm Vipstar Inc. from hundreds of thousands of dollars in Bitcoin (BTC), Mainichi reported on Jan. 23. One of the suspects is a former employee who used his access to steal money from a trading fund. Yuto Onitsuka and Takuma S..

Blockvest Saved from Default Judgement in Fraud Case

News Blockvest, which is currently embroiled in a dangerous lawsuit with the SEC, obtained a small victory in a similar case filed by an elderly couple. However, the Jan. 21 court filing suggests that this is based on a legal technicality. The case against Blockvest was filed by Tommy and Christin..

FCA’s New AML Regime – UK’s Crypto Market Will Have to Adapt in 2020

Analysis The Financial Conduct Authority (FCA) is now the United Kingdom's sole Anti-Money Laundering (AML) authority for the crypto business. After a decade of compliance under a laissez-faire approach to AML legislation, U.K.-based crypto firms now face a significantly more stringent set of..

Vinnik’s Children File a Complaint About Rights Violation to Greek Court

News The lawyers for Alexander Vinnik, the alleged operator of defunct crypto exchange BTC-e, have filed a complaint alleging violation of Vinnik’s rights. Written on behalf of Vinnik’s young children, the complaint has been filed with a Greek court to prevent the allegedly approaching criminal’s ..

Ugandan Victims of Dunamiscoins Scam Petition Gov’t for Lost Investments

News Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam. Arthur Asiimwe, the leader of the petitioning group who presented the request to the Parliament's speaker Rebecca Kadaga, claims th..

More Bitcoin Scam Ads With Martin Lewis on Instagram — Can We Get a...

Follow up Suspected crypto con artists are once again using the likeness of British financial expert Martin Lewis to defraud unsuspecting victims. In 2019, Lewis settled a defamation suit against Facebook for similar Bitcoin (BTC) scam adverts. Instagram says deceptive advertisements have no place..

Blockvest’s Defense Based on Falsified Documents, Claims SEC

News The United States Securities and Exchange Commission have argued in a Jan. 10 filing that Blockvest founder Reginald Buddy Ringgold III falsified and, in one case, forged signatures in documents critical to the case. The commission had previously charged Blockvest with falsely declaring that ..

The Race to Lead 3 Class-Action Suits Against IFinex Over 2017 BTC Bull Run...

News One legal team looks to lead the three ongoing suits against IFinex alleging that illegal conduct involving iFinex’s subsidiaries Tether and Bitfinex was behind Bitcoin’s (BTC) 2017 bull run. Per a Jan. 13 filing with the court of the Southern District of New York (SDNY), the counsel for Eric..

Directors of Alleged Crypto Pyramid Scheme Dunamiscoins Stand Trial

News Two directors of Dunamiscoins, an alleged cryptocurrency pyramid scheme in Uganda, appeared before court on Monday to face 65 counts tied to obtaining money by false pretense. Local news site The Observer reported on Jan. 8 that state prosecutors had logged over 4,000 complaints against Dunam..

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