2023-1-16 13:30 |
The South Korean Supreme Court has upheld existing judgments from the local court and slammed a 25-year jail term on V.Global CEO for $2bn fraud.
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Lee Jung-hoon, the former chairman of the crypto exchange Bithumb, was acquitted by a South Korean court on January 3. The post South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud appeared first on CryptoSlate.
2023-1-3 17:00 | |
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Prosecutors in South Korea were seeking an eight-year prison sentence for Lee Jung-hoon, who was acquitted in the first court hearing.
2023-1-4 16:01 | |
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Bithumb founder Lee Jung-hoon, who was on trial for allegedly defrauding $70 million, was declared not guilty and dodged a hefty jail sentence. The post Bithumb Executive Cleared of $70M Fraud Charges in South Korean Court appeared first on BeInCrypto.
2023-1-4 13:45 | |
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The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term.
2022-12-29 08:49 | |
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The Seoul Southern District court in South Korea ruled that prosecutors could freeze the assets of seven parties with links to Terra/Luna. The post South Korean Prosecutors Still Chasing Terra Luna Funds, Freezing $93M From Known Associates appeared first on BeInCrypto.
2022-12-21 22:00 | |
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The Seoul Southern District Court froze 120 billion won — equivalent to $92 million as of press time — owned by former and incumbent CEOs of Terraform Labs’ affiliate firm Kernel Labs. The Korea Economic Daily reported on Dec. 20 that South Korean…
2022-12-20 20:12 | |
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Coinspeaker South Korean Court Freezes $92M in Terra-Related Funds As per the Seoul Southern District Court, one of those taking the biggest advantage of Terra and speculating on sales was Kernel Labs CEO Kim Hyun-Joong.
2022-12-20 16:13 | |
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The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra.
2022-12-20 14:20 | |
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The Wemix token is trading 90% lower than this time last month after it was delisted by several exchanges.
2022-12-9 18:17 | |
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Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.
2022-12-9 16:39 | |
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South Korean prosecutors could win court approval to arrest one of co-founders of Terraform Labs
2022-12-3 11:58 | |
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The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors.
2022-11-20 07:45 | |
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A South Korean District Court has dismissed the arrest warrant issued against the Head of General Affairs at Terraform Labs Yoo Mo, according to local news Yonhap. The post South Korean court dismisses arrest warrant for Do Kwon’s aide appeared first on CryptoSlate.
2022-10-7 22:05 | |
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Terraform Labs co-founder and CEO Do Kwon has denied attempting to cash out millions of dollars in Bitcoin after a South Korean court issued an arrest warrant for him. Do Kwon Denies Bitcoin Cashout Allegations Do Kwon has denied any…
2022-9-28 14:13 | |
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Crypto mining data center company Compute North is the latest casualty in the ongoing harsh crypto winter that has of late forced some of the biggest crypto companies to close shop. Compute North filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas on Friday, citing mounting pressure […]
2022-9-25 15:57 | |
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According to a report, an arrest warrant has been issued by a court in South Korea against the founder of Terraform Labs, Do Kwon, and five others. The report in question went on to say that the allegThe post LUNA investors may be panicking right now thanks to this Do Kwon update appeared first on AMBCrypto.
2022-9-19 23:30 | |
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A curated weekly summary of forward-focused crypto news that matters. This week, high inflation rates in the US spook investors & make more interest rate rises likely, the Ethereum price drops post Merge, and a South Korean court issues an arrest warrant for Terra/Luna founder Do Kwon.
2022-9-20 15:01 | |
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South Korea has issued a warrant of arrest for Kwon Do-Hyung “Do Kwon”, founder and CEO of the now defunct Terraform Labs.
2022-9-15 20:28 | |
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According to a text message from the prosecutor's office, the Seoul court has issued a warrant for the arrest of Terra co-founder Do Kwon and five additional people. The post Terra LUNA & LUNC Crash After South Korea Issues Warrant for Do Kwon appeared first on BeInCrypto.
2022-9-14 10:55 | |
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The warrant also includes five others, according to a report.
2022-9-15 10:53 | |
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Court filings hint at authorities allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to South Africa early on Tuesday.
2022-7-1 00:15 | |
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Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post. The post China outlaws crypto fundraising, offenders could face jail sentences appeared first on CryptoSlate.
2022-2-26 06:00 | |
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Суд освободил из-под ареста бывшего ведущего разработчика Monero Рикардо «Fluffypony» Спаньи. I am very pleased that the U. S. court has released me. I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all.
2021-9-22 16:42 | |
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A Chinese court stated that there is no law regarding cryptocurrency, an indication that investors would carry out crypto investment at their peril. No Protection for Chinese Crypto Investors According to the South China Morning Post on Monday (August 23, 2021), an intermediate court in the city of Jinan revealed that cryptocurrency investment and tradingRead More
2021-8-24 05:00 | |
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Africrypt founders are still on the run as investors turn to legal action to try to recoup funds lost in South Africa’s latest cryptocurrency theft scandal.
2021-7-12 13:50 | |
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A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year.
2021-7-4 17:30 | |
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New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme.
2021-6-10 06:30 | |
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A South African High Court recently served Mirror Trading International (MTI)’s Johann and Nerina Steynberg with a provisional sequestration order. The court’s decision follows a successful court application by the five joint provisional liquidators of the now-defunct online bitcoin scam.
2021-4-27 09:30 | |
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A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet.
2021-2-14 07:30 | |
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Seoul's Central District Court has ruled that South Korean crypto-exchange Bithumb is liable to compensate victims of Bithumb’s withdrawal incident back in November 2018. In the said incident, severThe post Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won appeared first on AMBCrypto.
2021-2-11 14:00 | |
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A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme Court of Korea determined […]
2021-1-15 17:00 | |
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A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin.
2021-1-1 07:30 | |
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XRP traders circled important dates of delisting and court battles on their calendar, while on the charts XRP was set to slide further south. Polkadot broke out past the $6 level on extraordinary tradThe post XRP, Decred, Polkadot Price Analysis: 30 December appeared first on AMBCrypto.
2020-12-30 20:30 | |
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South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows a September 14 ruling from the Seoul Central District Court.
2020-9-19 13:30 | |
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The news comes after South Korean police conducted two consecutive seizures in a matter of a week. Bithumb is among the biggest cryptocurrency exchanges in South Korea. Though its customers have started to worry about using the platform for trading and storing their digital assets due to privacy reasons.
2020-9-18 00:42 | |
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South Korean regulators have seized the share of the local cryptocurrency exchange Bithumb from its major investor. The move has been in connection with an ongoing case of the exchange for allegedly defrauding its clients, reported local media.
2020-9-17 20:27 | |
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A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC) and foreign currency investment pool.
2020-9-5 06:45 | |
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An Australian financial services firm, known as New Payments Platform Australia (NPPA), has sued Ripple Labs over a trademark infringement allegation that involves the PayID brand. The lawsuit, which was filed last week in a federal court in New South Wales, alleges that Ripple Labs infringed on Australia’s Trademarks Act of 1995 as well as […] The post New Payments Platform Australia (NPPA) Sues Ripple for 'PayID' Trademark first appeared on BitcoinExchangeGuide.
2020-8-27 17:55 | |
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A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states.
2020-7-8 08:25 | |
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Against a grim macro outlook, there was some good regulatory news last month. A French court ruled that bitcoin is a legally recognized currency. The Indian Supreme Court overturned India’s crypto banking ban, and South Korea has now fully legalized crypto assets within its borders.
2020-4-5 16:00 | |
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The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more than 800 delegates discussed crypto regulations.
2020-3-10 05:00 | |
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Now that the Reserve Bank of India’s banking ban on cryptocurrencies has been lifted by a recent Supreme Court decision, there is reinvigorated interest in bitcoin within the South Asian nation.
2020-3-8 11:09 | |
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Yesterday, India’s Supreme Court quashed the Central bank’s crypto ban that was curtailing cryptocurrency trading in the country. The crypto community perceived this as a big adoption boost for bitcoin and cryptocurrencies in general.
2020-3-6 16:14 | |
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A New South Wales (NSW) court, this week, has allowed cryptocurrency to be used as collateral. As part of a broader defamation claim, the NSW District Court was asked to force a plaintiff to put $20,000 AUD, or about $13,000 USD into a court-controlled bank account.
2020-3-1 19:08 | |
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Bitcoin faced an intriguing precedent when it was accepted by a New South Wales court as collateral. Bitcoin Accepted as Collateral in Court Case BTC can be used to serve a security function, pronounced Judge Judith Gibson of the New South Wales District Court.
2020-3-1 17:00 | |
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The legal status of cryptocurrencies can differ based on one’s region. In Australia, it would appear that Bitcoin is a legal investment vehicle. Those are the findings of Judge Judith Gibson of New South Wales.
2020-3-1 06:00 | |
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A New South Wales court allows crypto exchange account usage as collateral against possible legal fees
2020-2-29 02:08 | |
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The Seoul Southern District Court has acquitted senior executives at Upbit crypto exchange of fraud charges. Insufficient Evidence Against Upbit Chiefs Delivering judgment on the matter, Deputy Judge Oh Sang-yong dismissed the 30-count criminal fraud and market manipulation charges leveled against the Upbit directors for lack of evidence.
2020-2-1 18:00 | |
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Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions.
2020-1-17 13:58 | |
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According to a new report by TRM, more money was lost to cryptocurrency Ponzi schemes and scams throughout 2022 than to hacks and exploits. In the past year, crypto investors were scammed through various Ponzi schemes to the tune of at least $7.
A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims. The crimes mentioned in the petition 0421/2020 include fraud, piracy, and extortion.
The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0. 0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund.
The local authorities in Pune, India, recently confiscated 452 Bitcoins worth $1. 8 million from suspect involved in notorious cryptocurrency Ponzi scheme. India’s Biggest Bitcoin Ponzi Scheme According to The Times of India, authorities of the cybercrime department in the city of Pune, India, recently recovered 452 Bitcoins (BTC) worth $1.
Ethereum-based games developed by a group called Team JUST turned out to be Ponzi scams serving as an experiment to gauge how far greed can drive people. The post Ponzi Games on Ethereum: Tons of Money Made Out of People’s Greed appeared first on CoinSpeaker.