Crypto

A class action complaint has been filed against billionaire businessman Mark Cuban and his Dallas Mavericks basketball team for alleged fraud in their promotion of crypto "Ponzi scheme" Voyager Digital.

Class Action Complaint alleging fraud involving crypto broker Voyager Digital in Pierce Robertson, Rachel Gold, Sanford Gold, Rahil Sayed, Christopher Ehrentraut, Todd Manganiello, Dan Newsom, William Ayer, Anthony Dorn, Dameco Gates, Marshall Peters, and Edwin Garrison v. Mark Cuban, Dallas Basketball Limited, d.b.a. Dallas Mavericks, and Stephen Ehrlich at the U.S. District Court for the Southern District of Florida.

Class Action Complaint alleging securities fraud in A. Manny Alicandro v. Coinbase Global Inc., which operates a cryptocurrency platform; Brian Armstrong, Alesia J. Haas, Jennifer N. Jones, Marc L. Andreesen, Frederick Ernest Ehrsam III, Kathryn Haun, Kelly Kramer, Gokul Rajaram, Fred Wilson, Emilie Choi, Surojit Chatterjee, AH Capital Management LLC, Paradigm Fund LP, Ribbit Management Company LLC, Tiger Global Management LLC, Union Square Ventures LLC, and Viserion Investment Pte Ltd., of Singapore, at the U.S. District Court for the Southern District of New York.

Director Details for Guardian Coin Inc., obtained from the Cayman Islands General Registry on August 10th, 2022.

Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $300,000 on Bloom Protocol LLC, of Delaware, for an unregistered offering of crypto tokens that, inter alia, involved Gibraltar-domiciled Bloom Limited.

Application for Search/Seizure Warrant in USA v. An Account at Twitter Inc. in the name of @BitcoinFog as part of a criminal investigation into “an illicit Bitcoin money transmitting and money laundering service called Bitcoin Fog” at the U.S. District Court for the District of Columbia.

Application for Search/Seizure Warrant in USA v. Two accounts at BitcoinTalk.org in the names of Akemashite Omedetou and Killdozer as part of a criminal investigation into "an illicit Bitcoin money transmitting and money laundering service called Bitcoin Fog" at the U.S. District Court for the District of Columbia.

The USA has applied to serve IRS 'John Doe' summonses on M.Y. Safra Bank and "cryptocurrency prime dealer and trading platform" OX Labs, d.b.a. sFOX, at federal courts in New York and California as part of an investigation into the tax liabilities of their cryptocurrency clients.

Ex Parte Petition for Leave to Serve 'John Doe' Summons for an investigation into the tax liabilities of cryptocurrency clients in USA v. M.Y. Safra Bank at the U.S. District Court for the Southern District of New York.

Ex Parte Petition for Leave to Serve 'John Doe' Summons for an investigation into the tax liabilities of cryptocurrency clients in USA v. OX Labs Inc., d.b.a. sFOX Inc., at the U.S. District Court for the Central District of California.

Shareholder Derivative Complaint "for the benefit of Nominal Defendant Coinbase Global, Inc. against certain of the Company’s current and former executive officers and members of the Board of Directors (the “Board”) aiming to rectify the Defendants’ violations of the Securities Act and breaches of fiduciary duties for issuing false and misleading statements and/or omitting material information in the Company’s public filings" in Donald Kocher v. Brian Armstrong, Alesia J. Haas, Jennifer N. Jones, Marc L. Andreessen, Frederick Ernest Ehrsam III, Kathryn Haun, Kelly Kramer, Gokul Rajaram, and Fred Wilson, as Defendants, and Coinbase Inc., as Nominal Defendant, at the U.S. District Court for the District of Delaware.

Class Action Complaint alleging fraud in Vijay Patel v. Coinbase Global Inc., described as a provider of "financial infrastructure and technology products and services for the cryptocurrency economy (or "cryptoeconomy") in the U.S. and internationally.Brian Armstrong, and Alesia J. Haas", at the U.S. District Court for the District of New Jersey.

Director Details for Blockchain.com Group Holdings Inc., obtained from the Cayman Islands General Registry on August 3rd, 2022.

Director Details for Blockchain.com Global Inc., obtained from the Cayman Islands General Registry on August 3rd, 2022.

Director Details for Blockchain.com (Cayman) Limited, obtained from the Cayman Islands General Registry on August 3rd, 2022.

Forfeiture Complaint in USA v. 73,586.17 USDT (Tether) that are "proceeds of a cryptocurrency fraud scheme" and were seized from an account at Binance cryptocurrency exchange, filed at the U.S. District Court for the District of Massachusetts.

Complaint alleging a cryptocurrency fraud involving "Ethereum, Everpedia IQ Token, and Wax Tokens" in Brent Jay v. Scott Walker, Distributed Network Advisors LLC, Brian Sands, April Sands, Brock Pierce, and James Glasscock at the U.S. District Court for the District of Nevada.

Complaint alleging a $300 million crypto-based investment fraud involving an "unincorporated entity" in Russia called Forsage in U.S. Securities and Exchange Commission v. Vladimir Okhotnikov, described as a citizen of Russia residing in Tbilisi, Georgia; Jane Doe, a.k.a. Lola Ferrari, who "is believed to be a Russian national residing in Bali, Indonesia"; Mikhail Sergeev, who "is believed to reside in Moscow, Russia; Sergey Maslakov, who "is believed to reside in Gelendzhik or Moscow, Russia"; Samuel D. Ellis, of Kentucky; Mark F. Hamlin, of Virginia; Sarah L. Theissen, of Wisconsin; Carlos L. Martinez, of Chicago, Illinois; Ronald R. Deering, of Idaho; Cheri Beth Bowen, of Mississippi, and Alisha R. Shepperd, of Florida, at the U.S. District Court for the northern District of Illinois.

Class Action Complaint alleging fraudulent business practices and negligent misrepresentation in Aramik Tarvirdi and Steve Mintz v. Coinbase Global Inc. and Coinbase Inc. at the Superior Court for the State of California, County of Los Angeles.

Complaint for $10,000 regarding a crypto dispute in Andrew Calo, described as a citizen of the United Kingdom residing in San Diego, California v. Coinbase Inc., of San Francisco, California, at the Superior Court for the State of California, County of San Francisco.

Letter Motion by plaintiffs regarding a discovery dispute in a case styled as ‘Tether and Bitfinex Crypto Asset Litigation’ in David Leibowitz et al v. iFinex Inc., a.k.a. Bitfinex; DigFinex Inc., BFXNA Inc., BFXWW Inc., Tether International Limited, Tether Operations Limited, Tether Holdings Limited, all of the British Virgin Islands; Tether Limited, of Hong Kong; Ludovicus Jan van der Velde, a citizen of the Netherlands, and Giancarlo Devasini, a citizen of Italy, at the U. S. District Court for the Southern District of New York.

Order Granting Chapter 15 Recognition in the matter of Three Arrows Capital Ltd., a British Virgin Islands-domiciled, Singapore-based crypto hedge fund, at the U.S. Bankruptcy Court for the Southern District of New York.

Chapter 15 Hearing Presentation by Russell Crumples and Christopher Farmer, as the Foreign Representatives of Three Arrows Capital Ltd., a British Virgin Islands-domiciled, Singapore-based crypto hedge fund, at the U.S. Bankruptcy Court for the Southern District of New York.

Filing by the Joint Liquidators of British Virgin Islands-domiciled crypto hedge fund Three Arrows Capital Ltd. disclosing that the company is a defendant in an arbitration proceeding initiated by Genesis Asia Pacific Pte. Ltd., of Singapore, filed at the U.S. Bankruptcy Court for the Southern District of New York.

Chinese-Canadian crypto exchange boss Changpeng Zhao has applied to take discovery from Bloomberg news service in New York for use in a defamation complaint he filed in Hong Kong against one of its local affiliates following the publication of an article whose Chinese headline allegedly translates to "Zhao Changpeng's Ponzi Scheme".

Application by Changpeng Zhao to take discovery from Bloomberg LP and Bloomberg Inc. for use in a defamation complaint in Hong Kong against Modern Media Company Limited, of Hong Kong, regarding an article that allegedly "contained false, malicious and defamatory statements about Zhao and his company, Binance Holdings Limited", a cryptocurrency exchange operator that is domiciled in the Cayman Islands, filed at the U.S. District Court for the Southern District of New York.

Press releases by Seattle-based, self-described blockchain firm KaJ Labs regarding a purported attempt to buy the assets of insolvent crypto broker Voyager Digital for $250 million are "a complete fabrication", according to Voyager Digital in a filing at bankruptcy court in New York.

'Notice of Response to Certain Media Statements' by KaJ Labs in the matter of Voyager Digital Holdings Inc., Voyager Digital LLC, and Voyager Digital Ltd. at the U.S. Bankruptcy Court for the Southern District of New York.

Notice of Removal, including a copy of the complaint, in Phoenix Trading FZCO, of the United Arab Emirates; Block One Technology Inc., of Canada; Phoenix World Electronics Trading, LLC, of the United Arab Emirates; Phoenix Technology Consultants, Phoenix World Electronics, LLC, Absolute Power Solutions, Inc., and Block Zero HS, Inc. v. Dennis Corporation, Sabre56 Corporation, of Canada; Sabre56 FZCO, of the United Arab Emirates; Crypto Can Man Ltd., of Canada; Multi Service Company, Johnny Eason, individually and as an agent of CCM; Tyler MacPhearson, described as a citizen of Canada, and Phil Harvey, described as a citizen of the United Kingdom, at the U.S. District Court for the District of South Carolina.

Notice of Removal, including a copy of the complaint, in Hashpower LLC v. Solergy Blockchain LLC at the U.S. District Court for the Northern District of Oklahoma.

Complaint alleging "insider trading in certain crypto asset securities that Coinbase Global, Inc. announced would be “listed,” or made available to trade, on its crypto asset trading platform" in U.S. Securities and Exchange Commission v. Ishan Wahi, described as a citizen of India residing in Seattle, Washington; Nikhil Wahi, described as a citizen of India residing in Seattle, Washingtnon, and Sameer Ramani, described as a former resident of Houston, Texas currently residing in India, at the U.S. District Court for the Western District of Washington.

Supplemental Declaration of Russell Crumpler in support of Chapter 15 Petition in the matter of Three Arrows Capital Ltd. at the U.S. Bankruptcy Court for the Southern District of New York.

Application by Bitwallet Pte Ltd., described as a Singapore company that "is in the business of developing financial software systems and providing payment services", to take discovery from Meta Platforms Inc. for use in legal proceedings in Japan involving "false statements" in Japanese that were made about the applicant on Facebook by someone "with the display name of 'Mizuta Tadashi'" and which, inter alia, caused "the Lithuanian authorities" to warn that "they may revoke our financial services license", filed at the U.S. District Court for the Northern District of California.

Complaint alleging fraud and "a breach of contract case where the Defendant used the false promise of purchasing large amounts of digital currency hosting services related to currency mining to induce the Plaintiffs to incur substantial financial expense and risk" in Mo Pow 3 LLC and Mo Pow 4 LLC, described as being "part of a consortium of companies providing hosting services for companies that mine for digital currency" v. Crypto Infiniti LLC at the U.S. District Court for the District of Wyoming.

Forfeiture Complaint alleging "an 87-year-old man living in Tyler, Texas, fell prey to a cleverly designed international fraud scheme when he initiated transfer of 0.51071532 Bitcoin (then-worth approximately $15,000 USD) via a Bitcoin ATM to Vineet Singh Banga", an individual located in India" in USA v. 0.51071532 Bitcoin seized from Paxful at the U.S. District Court for the Eastern District of Texas.

Director Details for TPS Capital Limited, obtained from the Cayman Islands Corporate Registry on July 15th, 2022.

Notice of Voluntary Dismissal in Dreamr Labs Limited, of the Bahamas v. Delchain Limited, of the Bahamas; Deltec Bank & Trust Limited, of the Bahamas; Bruno Macchialli, of Porte Vedra, Florida; Suisse Finance Holdings, of Switzerland, and Richard Iamunno, of Boca Raton, Florida, at the U. S. District Court for the Eastern District of New York.

Application by Daniel Hindin to take discovery from DigitalOcean LLC for use in legal proceedings in Singapore "to recover bitcoin that were stolen from him in January 2021", filed at the U.S. District Court for the Southern District of New York.

Director Details for Tai Ping Shan Limited, obtained from the Cayman Islands General Registry on July 15th, 2022.

Petition alleging "unauthorized debits" totaling $100,000 in Robert Piña v. Coinbase Inc., described as "an online platform that offers consumers all over the world the ability to purchase, invest in, send, and receive Bitcoin, Ethereum, Shiba, and other cryptocurrencies" at the District Court for Harris County, Texas.

Cayman Islands-domiciled Pharos USD Fund is the biggest unsecured creditor of bankrupt crypto lender Celsius Network, with a claim for $81 million. Other unsecured creditors include another Cayman fund, Invictus Capital Financial Technologies, and entities in the British Virgin Islands, England, South Africa, and Switzerland.

Director Details for Pharos Fund SPC, obtained from the Cayman Islands General Registry on July 14th, 2022.

Chapter 11 Petition by Celsius Network LLC, Celsius Network Inc., Celsius Network Limited, Celsius KeyFi LLC, Celsius Mining LLC, Celsius Networks Lending LLC, Celsius Lending LLC, and Celsius US Holding LLC, collectively "one of the largest and most sophisticated cryptocurrency based finance platforms in the world and provide financial services to institutional, corporate, and retail clients across more than 100 countries", at the U.S. Bankruptcy Court for the Southern District of New York.

Class Action Complaint alleging fraud against "a financial services company that generates revenue through cryptocurrency trading, lending, and borrowing, the sale of its unregistered securities, as well as engaging in proprietary trading" in Taylor Goines v. Celsius Network LLC, Celsius Lending LLC, Celsius KeyFi LLC, Alexander Mashinsky, Shlomi Daniel Leon, David Barse, and Alan Jeffrey Carr at the U.S. District Court for the District of New Jersey.

Transcript of Hearing on Emergency Motion for Provisional Relief by Russell Crumpler and Christopher Farmer, as the Foreign Representatives of Three Arrows Capital Ltd., a cryptocurrency hedge fund based in Singapore, at the U.S. Bankruptcy Court for the Southern District of New York.

Order Granting Emergency Motion for Provisional Relief by Russell Crumpler and Christopher Farmer, as the Foreign Representatives of Three Arrows Capital Ltd., a cryptocurrency hedge fund based in Singapore, at the U.S. Bankruptcy Court for the Southern District of New York.

The liquidators of Singapore-based, British Virgin Islands-domiciled cryptocurrency hedge fund Three Arrows Capital have applied to take emergency discovery from the firm's 'uncooperative' Founders - Kyle Davies and Su Zhu - to help secure assets for creditors, with Zhu "rumored to be attempting to sell a property in Singapore with a potential value in the tens of millions of dollars".

Application for recognition of liquidation proceedings in the British Virgin Islands by Russell Crumpler and Christopher Farmer, as Joint Liquidators of Three Arrows Capital Ltd., a cryptocurrency hedge fund, at the High Court of the Republic of Singapore.

Complaint alleging fraud involving "a defective cryptocurrency" known as GYEN that was purportedly pegged to the Japanese Yen in Mohamad Mahmoud and Muath Mahmoud v. Coinbase Inc., GMO-Z.com Payment Gateway USA Inc., and GMO-Z.com USA Inc. at the Superior Court of the State of California, County of San Francisco.

Emergency Motion for Provisional Relief by Russell Crumpler and Christopher Farmer, as the Foreign Representatives of Three Arrows Capital Ltd., a cryptocurrency hedge fund based in Singapore, at the U.S. Bankruptcy Court for the Southern District of New York.