Archive | lawsuit

Nano Foundation Offers Support in Lawsuit over BitGrail XRB Hack

A US law firm has issued a class action lawsuit on behalf of Nano investors. The blockchain project formerly known as RaiBlocks has been in hot water over practices it employed in pushing XRB to a wider audience during a re-branding earlier this year. Reckless Decision to Use BitGrail The Silver Miller suit alleges that… […]

Securities Class Action Lawsuit Against Nano Developers Demands a Bailout Hard Fork

Most people who keep an eye on cryptocurrency will recall the recent BitGrail hack. Due to that particular incident, the exchange allegedly lost several million dollars’ worth of Nano. There has always been suspicion that something was afoul, although very few people expected this latest turn of events. It appears a securities class action lawsuit has been filed […]

Alibaba Files Trademark Lawsuit Against Alibabacoin

Alibaba Group Holding Ltd. has filed a trademark lawsuit against Alibabacoin Foundation, a Dubai-based firm that raised over US$3.5 million through its initial coin offering. Alibabacoin Accused of Misleading Consumers in Lawsuit Filed by Alibaba In a complaint filed in US District Court in Manhattan, the Chinese e-commerce multinational with a market cap of $424 billion,… […]

South Korean Exchange Youbit Denied Insurance Claim Following December’s Devastating Cyberattack

DB Insurance — one of South Korea’s four biggest property and casualty insurers and the company that holds South Korean cryptocurrency exchange Youbit‘s policy — has denied a claim that the exchange filed after a hack in December of last year drained it of “about 17% of [its] total assets.” Youbit claimed that the insurance money, which could have added up to… […]

Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy

Cryptocurrency exchange Youbit has reportedly re-emerged after a series of hacks and a bankruptcy filing, amid an insurance claim controversy and civil lawsuits. The exchange continues to operate after it was sold and renamed, local media reported. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Insurance Claim Denied DB Insurance, one of […]

Faceboook Faces Lawsuit Over Banning Cryptocurrency Ads as Collusion Rumors Swell

2018 has not been the year of Facebook so far. Nor is that situation improving by any means, as the company keeps making negative headlines. Their latest concern comes in the form of a new lawsuit regarding their ban on cryptocurrency ads. Not entirely surprising, although it remains to be seen how things play out. […]

Blogger ‘Bitfinex’ed’ Hires Legal Counsel to Fight Bitfinex Lawsuit

According to reports the infamous Twitter handle and blogger, ‘Bitfinex’ed,’ has hired the well-known attorney Stephen Palley to fight against the legal threats posed against the blogger. The legal counsel for Bitfinex, Stuart Hoegner suggested this past December that the blogger may face a lawsuit as Bitfinex said it wasn’t too pleased with the allegations. […]

Top 5 Crypto Fails of 2018

2018 has been rough for cryptocurrencies as a whole, with coins across the board seeing significant losses and general interest in the sphere gradually declining. However, there are a number of projects that have stuck out as performing particularly badly in the first quarter. Here are five of the biggest fails: 5. Verge (XVG) Wraith […]

Bitconnect Lawsuit Saga Continues: Legal Fees Pass $750,000

Bitconnect faces a mounting series of lawsuits and regulatory action following it’s quick rise and fall as one of the most notorious exit scams in crypto. It’s the blockchain the crypto community loves to hate, first known for its Ponzi scheme as a lending platform offering 1% daily interest. Today, it’s probably most recognized for […]

Coinbase Faces New Lawsuit Over Alleged Bitcoin Cash Insider Trading

Coinbase is one of the largest cryptocurrency exchanges in the world. However, it is also a target of lawsuits these days. Some users of the platform have filed an official complaint regarding the company’s alleged “insider trading” of Bitcoin Cash. Whether or not there is any truth to such claims remains to be determined, though. Another Coinbase Lawsuit Materializes It […]