Posts Tagged ‘lawsuit’

Crypto Investors Sue US Rapper T.I. over FLiK Coin Project

A group of US investors have filed a lawsuit against rapper T.I. and his business partner Ryan Felton, accusing both men of conducting an alleged cryptocurrency Ponzi scheme with their FLiK coin. The 25 plaintiffs are seeking $5 million in reparation after pouring $1.2 million in the digital asset project that T.I. and Felton launched […]

Chinese E-commerce Giant Alibaba Wins Preliminary Injunction Against Alibabacoin

Chinese e-commerce giant Alibaba has won a preliminary injunction against Dubai-based Alibabacoin Foundation in a lawsuit over the misleading use of Alibaba in their name. In early 2018, Alibaba was rumored to have plans to launch a cryptocurrency mining platform despite strict Chinese regulations. Later, the giant clarified the rumors, stating that its P2P platform had […]

Lawsuit filed against DJ Khaled and Floyd Mayweather in Centra Tech Scam

DJ Khaled and Floyd Mayweather have been hit with a lawsuit from individuals who say that the stars were a part of an illegal cryptocurrency scam that screwed investors out of millions of Genuine dollars. The coin at the focal point of the outrage is called Centra Tech – and, as indicated by the legal […]

New York sues U.S. to stop fintech bank charters

New York state’s top banking regulator has sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and put vulnerable consumers at risk. Office of the Comptroller of the Currency spokesman Bryan Hubbard said in an email that the regulator, part of the […]

Judge rules cryptocurrency ICO scam case falls under securities law

A New York judge ruled that the US SEC can proceed with its legal case against the RECoin and DRC ICO organizer Maksim Zaslavskiy, who currently stands accused of defrauding investors. Zaslavskiy tried to have the SEC’s case thrown out by claiming that ICOs can’t be categorized as «securities» but as «currencies,» hence there’s no legal […]

Cryptocurrency investor robbed via his cellphone account sues AT&T for $224 million over loss

A U.S. investor filed a $224 million lawsuit against AT&T, accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency. Terpin, who was using AT&T as his service provider, said the digital tokens were stolen through a «digital identity theft» of his cellphone account. Terpin was the […]

US Government to Submit ‘Oversized’ Argument in ICO Fraud Case

U.S. prosecutors are planning an «oversized» response to a motion to dismiss in an ongoing — and potentially precedent-setting — ICO fraud lawsuit. Maksim Zaslavskiy has been accused of committing securities fraud in connection with two ICOs, RECoin and Diamond Reserve Club World. In September of last year, the U.S. Securities and Exchange Commission filed suit, […]