Crypto

Joseph Ebanks v. iFinex Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud involving Bitcoin cryptocurrency in Joseph Ebanks, of Stow, Ohio v. iFinex Inc., BFXNA Inc., DigFinex Inc., Tether Holdings Limited, Tether Limited, and Tether Operations Limited, all of the British Virgin Islands; Jean-Louis van der Velde, of Hong Kong; Giancarlo Devasini, of France, and Philip Potter, of Ocean Beach, NY, at the U. S. District Court for the Southern District of New York.

GSR Markets Ltd. et al v. FR8 Network Inc. et al: Complaint

Complaint alleging securities fraud involving an Initial Coin Offering in GSR Markets Ltd., of Hong Kong, described as "a global cryptocurrency market-maker", and Paul Rogers, of Singapore v. FR8 Network Inc., of Delaware; Maximalist Media LLC, d.b.a. Maximalist Ventures, of New York; Jonathan Fox, of New York, and Sloane Brakeville, of California, at the U. S. District Court for the Southern District of New York.

Cayman Enterprise City Ltd. v. Esprezzo Inc. SEZC et al: Complaint

Complaint in Cayman Enterprise City Ltd. v. Esprezzo Inc. SEZC, of the Cayman Islands, and Esprezzo Inc., of Boston, MA, at the Summary Court of the Cayman Islands. Editor's Note: On its website at https://esprezzo.io/, Esprezzo is described as "The developer's bridge to blockchain" and its "Team" is identified as Remy Carpinito, CEO; Alan Wilhelm, Chief Technology Officer; Jialin Luh, "UX Designer"; Kevin Coutu, "Head of Product", and Rita Dillon, "Finance and HR Manager".

Cayman Enterprise City Ltd. v. BCT Inc. SEZC et al: Complaint

Complaint in Cayman Enterprise City Ltd. v. BCT Inc. SEZC and BCT Foundation at the Summary Court of the Cayman Islands. Editor's Note: On its website at www.bct.io, BCT is described as a "blockchain terminal" that provides a "Gateway to the Global Cryptocurrency Market" and "raised $31 million in its 2018 ICO". Research by OffshoreAlert showed that BCT Inc. SEZC was formed in the Cayman Islands on February 9th, 2018 and, in a "Form D" filing with the SEC on June 28th, 2018, BCT Inc. SEZC identified its "Related Persons" as Edith Pardo Mehler, "President", of Bloomfield, New Jersey, and Deborah Cowper, "Executive Officer". BCT SEZC and Edith Pardo are defendants in a fraud complaint filed by the U. S. Securities and Exchange Commission at federal court in Newark, New Jersey, on January 17th, 2020. In that complaint, it was alleged that the company's controlling person is Boaz Manor, a citizen of Canada. Manor and Edith Pardo were also each criminally indicted on one count of conspiracy to commit wire fraud, three counts of wire fraud, and one count of securities fraud at the same court on January 16th, 2020 regarding the same alleged scheme involving BCT.

Ronit Chamani v. Quasar Mining Group Inc. et al: Complaint

Complaint alleging "fraudulent misrepresentations and omissions, breaches of fiduciary duty, and unjust enrichment" regarding a cryptocurrency scheme in Ronit Chamani, of South Africa v. Quasar Mining Group Inc., Paul Tyree, and Nicholas Gubitosi at the U. S. District Court for the District of Nevada.

Bryan Faubus v. iFinex, Inc. et al: Complaint

Class Action Complaint alleging fraud involving Bitcoin cryptocurrency in Bryan Faubus, of New York v. iFinex Inc., BFXNA Inc., and BFXWW Inc., each described as a British Virgin Islands company based in Hong Kong; DigFinex Inc., of the BVI; Tether Holdings Limited, described as a BVI company based in Taiwan; Tether Limited, described as a Hong Kong company based in Taiwan; Tether Operations Limited, of Hong Kong, and Tether International Limited, of Hong Kong, at the U. S. District Court for the Southern District of New York.

SEC v. ICObox et al: SEC’s Motion for Default Judgment

SEC's Motion for Default Judgment regarding an unregistered offering of cryptocurrencies in U. S. Securities and Exchange Commission v. ICObox, which "is no longer registered as a corporation with the Cayman Islands and its registered agent for service of process has resigned with no replacement", and Nikolay Evdokimov at the U. S. District Court for the Central District Court of California.

Eric Young et al v. iFinex Inc. et al: Class Action Complaint (New York)

Class Action Complaint alleging fraud involving Bitcoin cryptocurrency in Eric Young, of Pennsylvania; Adam Kurtz, of New York, and David Crystal, of Florida v. iFinex Inc., BFXNA Inc., and BFXWW Inc., each described as a British Virgin Islands company based in Hong Kong; DigFinex Inc., of the BVI; Tether Holdings Limited, described as a BVI company based in Taiwan; Tether Limited, described as a Hong Kong company based in Taiwan; Tether Operations Limited, of Hong Kong, and Tether International Limited, of Hong Kong, at the U. S. District Court for the Southern District of New York. Editor's Note: This is a re-filing of a class action complaint that was first filed at federal court in Seattle, Washington on November 22nd, 2019 and voluntarily dismissed on January 7th, 2020.

Crypto Asset Fund LLC et al v. Faegre Baker Daniels LLP: Complaint

Complaint alleging legal malpractice regarding an opinion that "Crypto Assets are not securities" in Crypto Asset Fund LLC, of Delaware; Digital Capital Management LLC, of Delaware, and Timothy Enneking, of San Diego, California v. Faegre Baker Daniels LLP, a law firm, at the Circuit Court of Cook County, Illinois.

Crypto Asset Fund LLC et al v. Worldwide Asset eXchange et al: Judicial Assistance

Ex Parte Application by Defendants for Judicial Assistance to take discovery from Thomas Graham, described as "an Australian national located in the United Kingdom" regarding an alleged cryptocurrency-based securities fraud in Crypto Asset Fund LLC, of Delaware, and Digital Capital Management LLC, of Delaware v. OPSkins Group Inc., d.b.a. Worldwide Asset eXchange, a Canadian company based in Santa Monica, California; Exposition Park Holdings SEZC, of the Cayman Islands; William Quigley, of California; Jonathan Yantis, of California; John Brechisci, Jr., of California, and Malcolm CasSelle, of California, at the U. S. District Court for the Central District of California.

USA v. Reginald Fowler: Change of Plea Letter

Letter Motion regarding a "change of plea" in USA v. Reginald Fowler, a.k.a. Reggie Fowler, an alleged cryptocurrency fraudster associated with British Virgin Islands-domiciled cryptocurrency exchange Bitfinex, at the U. S. District Court for the Southern District of New York.

Swiss crypto exchange Lescovex targeted by financial regulator

The Swiss Financial Market Supervisory Authority has warned the public that cryptocurrency exchange Lescovex Exchange SA - whose principal is Spaniard Vicent Nos Ripolles - is suspected of conducting unauthorized financial activity.

Lescovex Exchange SA: Public Warning

Public Warning by the Swiss Financial Market Supervisory Authority regarding Lescovex Exchange SA, a cryptocurrency exchange whose corporate records in Switzerland show that its principal is Vicent Nos Ripolles, a citizen of Spain.

SASuisse Group GmbH: Regulatory Supervision

Public Announcement by the Swiss Financial Market Supervisory Authority that SASuisse Group GmbH is "subject to supervision". Editor's Note: The Commercial Register in Switzerland shows that the principal of SASuisse Group GmbH is Khalid Echaara Martin, a citizen of Spain, while the firm's website indicates it is, among other things, a Bitcoin dealer.

Brazil: Bitcoin Accounts

Application for the appointment of a Commissioner to collect evidence regarding Bitcoin accounts - pursuant to a request for judicial assistance from Brazil - for a criminal investigation into an "unknown subject" for suspected extortion concerning "Ashley Madison, a Canadian-based online dating and social networking service marketed to people who are married or in relationships".

Frank Amato et al v. HDR Global Trading Ltd. et al: Complaint

Complaint alleging fraud in Frank Amato and RGB Coin Ltd., both of Ohio v. HDR Global Trading Limited, d.b.a. BitMEX, described as "the world's largest cryptocurrency trading platform", domiciled in the Seychelles, and Arthur Hayes, described as "a U.S. citizen and CEO of BitMEX", at the Superior Court of the State of California, County of California.

Eric Young et al v. iFinex Inc. et al: Class Action Complaint (Seattle)

Class Action Complaint alleging fraud involving cryptocurrencies in Eric Young, a resident of Pennsylvania, and Adam Kurtz, a resident of New York v. iFinex Inc., BFXNA Inc., and BFXWW Inc., each described as a British Virgin Islands company based in Hong Kong; Tether Holdings Limited, of the British Virgin Islands; Tether Limited, described as a Hong Kong company based in Taiwan; DigFinex Inc., of the British Virgin Islands; Tether Operations Limited, of Hong Kong, and Tether International Limited, of Hong Kong, at the U. S. District Court for the Western District of Washington.

Bitcoin Manipulation Abatement LLC v. FTX Trading Ltd. et al: First Amended Complaint

First Amended Complaint alleging cryptocurrency market manipulation, RICO, and fraud in Bitcoin Manipulation Abatement LLC, of Puerto Rico v. FTX Trading Ltd., of Antigua and Barbuda; Alameda Research LLC, of Delaware; Alameda Research Ltd., of the British Virgin Islands; Samuel Bankman-Fried, of California; Gary Wang, of California; Andy Croghan, of California; Constance Wang, described as a citizen and resident of Hong Kong; Darren Wong, of California, and Caroline Ellison, of California, at the U. S. District Court for the Northern District of California.

$150M lawsuit alleges crypto fraud by parties in Antigua, BVI, Hong Kong & US

A complaint for damages of $150M for alleged cryptocurrency futures trading fraud and the operation of an unlicensed money transmitting business has been filed against individuals and companies in Antigua, British Virgin Islands, Hong Kong, and the United States, including Alameda Research and FTX Trading.

Bitcoin Manipulation Abatement LLC v. FTX Trading Ltd. et al: Complaint

Complaint alleging cryptocurrency market manipulation, RICO, and fraud in Bitcoin Manipulation Abatement LLC, of Puerto Rico v. FTX Trading Ltd., of Antigua and Barbuda; Alameda Research LLC, of Delaware; Alameda Research Ltd., of the British Virgin Islands; Samuel Bankman-Fried, of California; Gary Wang, of California; Andy Croghan, of California; Constance Wang, described as a citizen and resident of Hong Kong; Darren Wong, of California, and Caroline Ellison, of California, at the U. S. District Court for the Northern District of California.

First Global Credit: Domain Seizure

Announcement on the website of Switzerland-domiciled cryptocurrency exchange operator XBT Corp. Sarl, d.b.a. First Global Credit, at www.firstglobalcredit.com that the domain name has been seized by the Federal Bureau of Investigation, of the United States. XBT Corp. is controlled and operated by Gavin John Smith and Marcie Debra Terman, both citizens of the United Kingdom.

XBT Corp. Sarl: Findings & Sanctions (CFTC)

Order Instituting Proceedings, Making Findings and Imposing Remedial Sanctions for failing to register as a Futures Commission Merchant against XBT Corp. Sarl, d.b.a. First Global Credit, a cryptocurrency exchange firm domiciled in Switzerland, before the Commodity Futures Trading Commission.

XBT Corp Sarl: Findings & Sanctions (SEC)

Order Instituting Proceedings, Making Findings and Imposing Sanctions for violating "the registration and exchange trading provisions of the Securities Act and the Exchange Act" against XBT Corp Sarl, d.b.a. First Global Credit, a cryptocurrency exchange firm domiciled in Switzerland, formerly d.b.a. First Global Credit Nevis, before the Securities and Exchange Commission.

USA v. Danil Potekhin et al: Criminal Indictment

Indictment alleging computer hacking, fraud, identity theft, and money laundering in USA v. Danil Potekhin and Dmitrii Karasavidi, both residents of Russia, at the U. S. District Court for the Northern District of California.

Glen Jensen et al v. Worldwide Cryptocurrency Investments LLC et al: Complaint

Complaint alleging cryptocurrency-related fraud in Glen Jensen, of Utah, and Epic Global Inc., of Nevada v. Worldwide Cryptocurrency Investments LLC, of Wyoming; Nickelbex, of Hong Kong; Edward Corpus Reyes, of Los Angeles, California, and Alfred Anthony Talahuron, of Temecula, California, at the U. S. District Court for the District of Utah.

Troy Hogg v. HitBTC: Complaint

Complaint for damages of C$1.18 million in Troy James Hogg, of Lambton County, Canada v. HitBTC, a.k.a. Hit Solution Limited, described as "a digital currency exchange" based in Hong Kong, at Ontario Superior Court of Justice.

CFTC v. Blake Kantor et al: Default Judgment

Default judgment regarding an alleged fraud involving a cryptocurrency known as 'ATM Coin' in Commodity Futures Trading Commission v. Blake Harrison Kantor, a.k.a. Bill Gordon, of New York, NY; Nathan Mullins, of Forest Hills, NY; Blue Bit Banc, described as "a business entity that purports, on its website, to be owned and operated by Biz-E-Bee Services, Ltd. in the U.K."; Blue Bit Analytics Ltd., apparently of the Turks and Caicos Islands; G. Thomas Client Services, of New York, and Mercury Cove Inc., of New York, as Defendants, and Blue Wolf Sales Consultants, of New York, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

Fraud alleged in €79M ‘security token’ dispute between Cayman firms

Cayman Islands financial advisory Outcrop Capital, which is owned by a former resident of Russia now living in Israel, claims to have been swindled out of bonds with a nominal value of €79.8 million in a "security token" deal with Russian-controlled, Cayman firm Versatile Chain.

Blockchain firm Skrumble sued in Cayman for alleged unpaid fees

A Cayman Islands affiliate of Canadian blockchain and communication technology firm Skrumble Technologies is being sued in Cayman over alleged unpaid fees owed to the operator of a special economic zone for innovators and entrepreneurs.

Tether Holdings Ltd.: BVI Search Report

British Virgin Islands Registry of Corporate Affairs Search Report for Tether Holdings Limited, which has been accused of participation in a multi-billion dollar fraud involving cryptocurrency exchange Bitfinex.

iFinex Inc.: BVI Search Report

British Virgin Islands Registry of Corporate Affairs Search Report for iFinex Inc., which has been accused of participation in a multi-billion dollar fraud involving cryptocurrency exchange Bitfinex.

Tether Operations Ltd.: BVI Search Report

British Virgin Islands Registry of Corporate Affairs Search Report for Tether Operations Limited, which has been accused of participation in a multi-billion dollar fraud involving cryptocurrency exchange Bitfinex.

Tether International Ltd.: BVI Search Report

British Virgin Islands Registry of Corporate Affairs Search Report for Tether International Limited, which has been accused of participation in a multi-billion dollar fraud involving cryptocurrency exchange Bitfinex.

BFXNA Inc.: BVI Search Report

British Virgin Islands Registry of Corporate Affairs Search Report for BFXNA Inc., which has been accused of participation in a multi-billion dollar fraud involving cryptocurrency exchange Bitfinex.

BFXWW Inc.: BVI Search Report

British Virgin Islands Registry of Corporate Affairs Search Report for BFXWW Inc., which has been accused of participation in a multi-billion dollar fraud involving cryptocurrency exchange Bitfinex.

DigFinex Inc.: BVI Search Report

British Virgin Islands Registry of Corporate Affairs Search Report for DigFinex Inc., which has been accused of participation in a multi-billion dollar fraud involving cryptocurrency exchange Bitfinex.

iFinex Inc. v. Rondell Monroe: Discovery Application

Application by iFinex Inc., a British Virgin Islands-domiciled, Hong Kong-based company that operates the Bitfinex cryptocurrency exchange from Rondell Clyde Monroe, a resident of Las Vegas, Nevada, for use in legal proceedings in Poland, Portugal, and the United Kingdom regarding an attempt to recover $880 million, filed at the U. S. District Court for the Central District of California.

iFinex Inc. v. Citibank: Discovery Application

Application by iFinex Inc., a British Virgin Islands-domiciled, Hong Kong-based company that operates the Bitfinex cryptocurrency exchange from Citibank NA for use in legal proceedings in Poland, Portugal, and the United Kingdom regarding an attempt to recover $880 million, filed at the U. S. District Court for the Central District of California.

Outcrop Capital Ltd. v. Versatile Chain Ltd.: Writ of Summons

Writ of Summons regarding "certain cryptographic tokens which were to be issued on a private blockchain platform known as the 'Vostok Platform'" in Outcrop Capital Ltd., founded by Dmitry Kaganovich, who is apparently a resident Israel v. Versatile Chain Ltd., formerly known as Vostok Ltd., at the Grand Court of the Cayman Islands.

SEC v. Telegram Group Inc. et al: Complaint

Complaint to stop an "illegal offering of digital-asset securities" involving entities and parties in the British Virgin Islands, Cayman Islands, and Dubai in U. S. Securities and Exchange Commission v. Telegram Group Inc., described as a British Virgin Islands-domiciled, Dubai-based company owned by Pavel Durov, "a Russian and St. Kitts and Nevis citizen", and TON Issuer Inc., of the British Virgin Islands, at the U.S. District Court for the Southern District of New York.

SEC v. Telegram Group Inc. et al: TRO Motion

Emergency Motion for Temporary Restraining Order in U. S. Securities and Exchange Commission v. Telegram Group Inc., domiciled in the British Virgin Islands, based in Dubai, and TON Issuer Inc., of the British Virgin Islands, whose "principals and owners are citizens of Russia and St. Kitts and Nevis", at the U.S. District Court for the Southern District of New York.