Crypto

SEC v. Ali Asif Hamid et al: Complaint

Complaint alleging "a fraudulent and unregistered offering (initial coin offering, or "ICO") of digital asset securities, known during most of the relevant time as BCT Tokens" in U. S. Securities and Exchange Commission v. Ali Asif Hamid, described as a citizen of Canada residing in Ontario, Canada; Michael Gietz, of Idaho Falls, Idaho, and Cristine Page, a.k.a. Cristina Page, of Brooklyn, New York, at the U. S. District Court for the District of New Jersey.

Block.one: Directors

Director Details for Block.one, obtained from the Cayman Islands General Registry on June 15th, 2021.

USA v. Roman Sterlingov: Criminal Indictment

Criminal Indictment alleging money laundering and operating an unlicensed money transmitting business known as "Bitcoin Fog" in USA v. Roman Sterlingov, a citizen of Russia residing in Sweden, at that U. S. District Court for the District of Columbia.

Apis Token Ltd.: Directors

Director Details for Apis Token Ltd., obtained from the Cayman Islands General Registry on June 14th, 2021.

Chase Williams et al v. Block.one et al: Motion to Approve $27.5M Settlement

Motion to Approve $27.5 Million Class Action Settlement regarding the alleged sale of cryptocurrency tokens that were not registered with the U. S. Securities and Exchange Commission in Chase Williams, William Zhang, Crypto Assets Opportunity Fund LLC, and Johnny Hong v. Block.one, of the Cayman Islands; Brendan Blumer, Daniel Larimer, Ian Grigg, and Brock Pierce at the U. S. District Court for the Southern District of New York. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Block.one are Andrew Christopher Bliss, Brendan Francis Blumer, and Kokuei Yuan.

SEC v. Edgar Radjabli et al: Complaint

Complaint alleging fraud involving, inter alia, digital assets issued by Cayman Islands-domiciled Apis Token Ltd. in U. S. Securities and Exchange Commission v. Edgar Radjabli, Apis Capital Management LLC, and My Loan Doctor LLC at the U. S. District Court for the District of North Carolina.

Dignity Corp. v. CryptoDadi et al: Complaint

Complaint alleging "fraudulent and harassing behavior" in Dignity Corp., described as a Delaware-domiciled, New York-based company whose principals are Stephen Braverman and Kent Swig v. Does, including those using "the Twitter handles @CryptoDadi_, @StillNoGold, @MrSmileyBrave, @BravermanSteve, @CryptoShadyyy, @ConmanSteve, @SteveBrave3l_, @SteveBraverman, @CapRforSimon, @DnbDig, @TroyJamesh0gg, @McNicholas, @Maarten89NL, @Maarten_Marteen, @DBokhem, @mostwnted1, and @PRNewswire_" and "the fake names "Soren Christiansen" and "Simon Hoedemaker" on Telegram", at the U. S. District Court for the Central District of California.

Mek Global Ltd. et al: Allegations

Statement of Allegations in the matter of Mek Global Limited, of the Seychelles, and PhoenixFin Pte. Ltd., of Singapore, collectively doing business as KuCoin, described as "an online crypto asset trading platform", before the Ontario Securities Commission.

Blackbird Capital LLC v. SION Trading FZE et al: Order Allowing Email Service

Memorandum Decision and Order Granting Plaintiff's Motion for Leave to Serve SION Trading FZE by Email due to its owner, Max Warren Barber, "avoiding service" in Blackbird Capital LLC v. Worth Group Capital LLC, of Wyoming; Justin Ely, of Utah; Halls Law Office, of Idaho; Scotia International of Nevada, Inc., of Utah; SION Trading FZE, of Ral Al Khaimah, of the United Arab Emirates; Max Warren Barber, of Utah; NaPo Limited, described as "a company located and incorporated in Bridgetown, Barbados, and Saint Lucia"; Nikolas Korakianitis, described as a citizen of Canada; GT Foundation, described as "a private interest foundation founded in Panama City, Panama" that "may have an office in London, England and/or New York", and Kumar Singh at the U. S. District Court for the District of Utah.

SEC v. Trevon Brown et al: Complaint

Complaint alleging unregistered activity involving cryptocurrency firm BitConnect in U. S. Securities and Exchange Commission v. Trevon Brown, Craig Grant, Joshua Jeppesen, Ryan Maasen, and Michael Noble, as Defendants, and Laura Mascola, as Relief Defendant, at the U. S. District Court for the Southern District of New York.

Crypto Asset Fund LLC v. Jake Dressler: Complaint

Complaint alleging fraud by a cryptocurrency trader in Crypto Asset Fund LLC, a Delaware company based in California, by and through its Managing Member, Digital Capital Management LLC v. Jake M. Dressler at the Superior Court of the State of California, County of San Diego.

Bitcoin of America v. The Silver Logic LLC: Complaint

Complaint alleging "failure to follow basic industry-standard cybersecurity in breach of its contract obligations allowed hackers to steal over $750,000 worth of Bitcoin from the Digital Wallet of SandP Solutions, Inc., d/b/a Bitcoin of America" in SandP Solutions Inc., d.b.a. Bitcoin of America, described as "a cryptocurrency exchange platform that allows customers to exchange cash for Bitcoin, by using Bitcoin ATM machines" v. The Silver Logic LLC, which "claims that it "Provides The Best Custom Software Development In The Industry" and employs a "Zero-Trust Approach to Enterprise Security"", at the U. S. District Court for the Southern District of Florida.

MoonPay Ltd.: ‘No New Business’ Directive

Public Notice by the Malta Financial Services Authority that it has ordered MoonPay Ltd., which holds a "Class 2 Virtual Financial Assets Licence", to "cease the on-boarding of new clients with immediate effect". Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that MoonPay Ltd. was incorporated in Malta on September 27th, 2018, its directors are Maximillian Crown, a citizen of the United Kingdom with an address in London, England; Ivan Soto-Wright, a citizen of the United States with an address in London, England, and Theodora Vardi, a citizen of Greece with an address in New York, USA, and its shareholder is Hodl Ventures Limited, which was incorporated in Malta on September 25th, 2018 and whose directors are Maximilian Crown and Ivan Soto-Wright, and whose sole shareholder is MoonPay Inc., of Delaware, USA.

Polo Digital Assets Ltd.: Statement of Allegations

Statement of Allegations "for disregarding Ontario securities law and to signal that crypto asset trading platforms flouting Ontario securities law will face regulatory action" in Ontario Securities Commission v. Polo Digital Assets Ltd., a.k.a. Poloniex, described as a Seychelles-domiciled "online crypto asset trading platform", before the Ontario Securities Commission.

Matthew Loughran v. Uulala Inc.: Complaint

Complaint for $9,915 in Matthew Loughran v. Uulala Inc., a California-based company that is part of a group that was the first applicant to be approved for an Initial Coin Offering in Bermuda, at the Superior Court of California, County of Sacramento.

Ryan Akky v. Phemex Financial Pte Ltd. et al: Complaint

Complaint alleging "significant losses" suffered by a cryptocurrency trader "due to persistent software flaws" in a "Singapore-based cryptocurrency derivatives trading platform" in Ryan Akky, of California v. Phemex Financial Pte Ltd. and Phemex Financial Pte Ltd., both of Singapore, at the U. S. District Court for the Central District of California.

Wireline Development Fund Ltd.: ‘Court Supervision’ Petition

Petition for Court Supervision of a Voluntary Liquidation by Graham F. Robinson, as Voluntary Liquidator of Wireline Development Fund Ltd. (in Voluntary Liquidation), which "entered voluntary liquidation after an Administrative Order by the United States Securities and Exchange Commission imposed a fine of US$650,000" on its parent, digital assets firm Wireline Inc., "for an unregistered securities offering and alleged fraud involving the Company", at the Grand Court of the Cayman Islands.

Fei Jing et al v. Yan Sun: Complaint

Complaint alleging "an illegal, unregistered and unlicensed Bitcoin trading operation" in Fei Jing, of Canada; Luosu Li, of China; Jinyu He, of California; Duanyang Wang, of China; Tian Lan, of Washington, and Chuyao Feng, of Georgia, USA v. Yan Sun, of New York, at the U. S. District Court for the Eastern District of New York.

USA v. Roman Sterlingov: Criminal Complaint

Criminal Complaint alleging money laundering and unlicensed money transmission involving a "darknet money laundering service" called "Bitcoin Fog" in USA v. Roman Sterlingov, described as a citizen of Russia and Sweden, at the U. S. District Court for the District of Columbia.

Konstantin Zeva v. Ebang International Holdings Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud in Konstantin Zeva v. Ebang International Holdings Inc., described as a Cayman Islands-domiciled, China-based firm that "purports to be a leading application-specific integrated circuit chip design company and a leading manufacturer of Bitcoin mining machines" and whose shares are listed on NASDAQ; Dong Hu, and Lei Chen at the U. S. District Court for the District of New Jersey.

SEC v. Sheng-Wen Cheng: Complaint

Complaint alleging "misappropriation of investor funds and material misrepresentations in connection with the offering of equity and digital asset securities to investors in Alchemy Finance, Inc., Alchemy Company, Ltd., and Alchemy Coin, Ltd.", which are domiciled in Delaware and Hong Kong, in U. S. Securities and Exchange Commission v. Sheng-Wen Cheng, of New York, USA, at the U. S. District Court for the Southern District of New York.

Domagoj Zdilar v. BitMEX et al: Complaint

Complaint alleging fraud involving cryptocurrencies in Domagoj Zdilar, described as "a citizen of the European Union" v. HDR Global Trading Limited, d.b.a. BitMEX, described as being domiciled in the Seychelles; ABS Global Trading Limited, described as being domiciled in California, and Arthur Hayes, described as a citizen of the United States who has resided in Hong Kong and Buffalo, New York, at the Superior Court of the State of California, County of San Francisco.

Guernsey regulator suspends investment fund Remus Horizons

The registration of investment fund Remus Horizons PCC Limited, which is part of a group that includes individuals and companies in or from Australia, England, Guernsey, Hong Kong, India, Ireland, Italy, Texas, and the United Arab Emirates, has been suspended by the Guernsey Financial Services Commission less than five months after it was granted.

Jason Denny v. Canaan Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud in Jason Denny v. Canaan Inc., described as a Cayman Islands-domiciled, China-based company that "designs, manufactures and sells bitcoin mining machines" whose shares are listed on NASDAQ; Nangeng Zhang, and Tong He at the U. S. District Court for the Southern District of New York.

Victor Cook v. Coinsquare Ltd.: Complaint

Complaint alleging fraud in Victor J. Cook, of West Palm Breach, Florida, individually and as the Current Members' Representative of AltPay Holdings LLC v. Coinsquare Ltd., described as a Canadian company that "operates a crypto asset trading platform that facilitates the buying and selling of crypto assets, including bitcoin, litecoin and ether" and whose shares are listed on the Toronto Stock Exchange, at the U. S. District Court for the Southern District of Florida.

Tommie Zaker v. Ebang International Holdings Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud in Tommie Zaker v. Ebang International Holdings Inc., described as a Cayman Islands-domiciled, China-based company that "purports to be a leading application-specific integrated circuit chip design company and a leading manufacturer of Bitcoin mining machines"; Dong Hu, and Lei Chen at the U. S. District Court for the Southern District of New York.

H.C. Wainwright & Co. LLC v. Argo Blockchain Plc: Complaint

Complaint alleging breach of contract H.C. Wainwright & Co. LLC, described as "one of the country's oldest and most trusted financial institutions" v. Argo Blockchain Plc, described as an English company based in Canada that is "a global leader in cryptocurrency mining services", at the Supreme Court of the State of New York, County of New York.

USA v. Kraken: ‘John Doe’ Summons

USA's Ex Parte Petition for Leave to Serve IRS 'John Doe' Summons on Payward Ventures Inc. and subsidiaries, d.b.a. Kraken or Kraken.com, as part of "an investigation to determine the correct federal income tax liabilities for taxable years 2016-2020 of United States taxpayers who have conducted transactions in cryptocurrency", filed at the U. S. District Court for the Northern District of California.

USA v. Circle Internet Financial Inc.: ‘John Doe’ Summons

USA's Ex Parte Petition for Leave to Serve an IRS 'John Doe' Summons on "Circle Internet Financial Inc., or its predecessors, subsidiaries, divisions, affiliates, including Poloniex LLC" as part of an investigation into suspected cryptocurrency-related tax fraud, filed at the U. S. District Court for the District of Massachusetts.

SEC v. LBRY Inc.: Complaint

Complaint alleging the sale of unregistered securities "in the form of a digital asset called LBRY Credits" in U. S. Securities and Exchange Commission v. LBRY Inc., domiciled in Delaware, based in New Hampshire, at the U. S. District Court for the District of New Hampshire.

USA v. ‘Doctor Bitcoin’: Criminal Information

Criminal Information for allegedly operating an unlicensed money transmitting business in USA v. Mark Hopkins, a.k.a. Doctor Bitcoin, at the U. S. District Court for the Northern District of Texas.

Yida Gao et al v. Divergence Digital Currency Management et al: Complaint

Complaint alleging "duplicitous and fraudulent conduct" involving "a venture capital enterprise with an investment portfolio focused on investing in the technology and cryptocurrency space" in Yida Gao and Sand Hill Advisors LLC v. Adam B. Struck, Struck Capital Management LLC, Struck Capital Fund GP LLC, Struck Capital Fund II GP LLC, Divergence Digital Currency Management LLC, Divergence Digital Currency GP LLC, Struck Capital Special Situations Management LLC, Struck Capital Special Situations GP LLC, Struck Capital Stage Agnostic GP LLC, Struck Scratch LLC, Struck Scratch Series B LLC, Struck Scratch Series A LLC, Ignis SPV LLC, Ignis Series B LLC, Probitas SPV LLC, Vectio SPV LLC, Zero SPV LLC, Serico SPV LLC, Struck PF Special Opportunity LLC, Struck Oti Special Opportunity LLC, SC Tectus SPV LLC, Struck Hoco LLC, Struck A43 LLC, Struck AHC Special Opportunity LLC, and Zero Series B SPV LLC at the Superior Court for the State of California, County of Los Angeles.

Coinbase Inc.: $6.5M Fine

Administrative Order by the Commodity Futures Trading Commission imposing a fine of $6.5 million on Coinbase, Inc., described as a San Francisco-based "digital asset company", for "recklessly delivering false, misleading or inaccurate reports concerning transactions in digital assets, including Bitcoin, on the electronic trading platform it operated, GDAX".

SEC v. Christopher Dantin et al: Judgment Motion

SEC's Unopposed Motion for Judgment in U. S. Securities and Exchange Commission v. Christopher D. Dantin and his father, Chris A. Dantin, both of Louisiana, at the U. S. District Court for the Southern District of Florida.

Joseph Nitcheu v. Bit Digital Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud in Joseph Franklin Monkam Nitcheu v. Bit Digital Inc., described as a Cayman Islands-domiciled, New York-based, NASDAQ-listed "holding company that purports to engage in the bitcoin mining business through its wholly owned subsidiaries in U.S. and Hong Kong"; Min Hu, and Erke Huang at the U. S. District Court for the Southern District of New York. Editor's Note: Research by Offshorealert in the Cayman Islands General Registry showed that the directors of Bit Digital Inc. are Zhaohui Deng, Min Hu, Erke Huang, Ichi Shih, and Yan Xiong.

USA v. Arthur Hayes: ‘Surrender & Bail’ Letter

Letter on behalf of Arthur Hayes regarding his surrender and bail in USA v. Arthur Hayes, described as a citizen of the USA residing in Singapore, at the U. S. District Court for the Southern District of New York, where he was indicted for alleged violations of the Bank Secrecy Act regarding a "cryptocurrency derivatives trading platform" known as BitMEX.

Bit Digital Inc.: Directors

Director Details for Bit Digital Inc., obtained from the Cayman Islands General Registry on March 16, 2021.

Samir Bandali v. CoinPayments Inc. et al: Writ of Summons & Statement of Claim

Writ of Summons and Statement of Claim alleging unjust enrichment and breach of contract in Samir Bandali, a citizen of Canada residing in the Cayman Islands v. CoinPayments Inc., described as a Cayman Islands company offering "worldwide cryptocurrency merchant processing services and individual cryptocurrency accounts, also referred to as wallets", and Oleksandr Aleksandrov, a.k.a. Alex Alexandrov, at the Grand Court of the Cayman Islands.

Alper Guler v. Crypto Traders Management LLC et al: Complaint

Complaint "by an investor in a cryptocurrency investment fund against the fund and its managers for defrauding investors" in Alper Guler, described as a resident of "Parkland, Florida, and sometimes in his home country of Norway" v. Crypto Traders Management LLC, Shawn Cutting, Courtney Lata, Janine Cutting, ASH Development LLC, Golden Cross Investments LLC, Crypto Traders Fund LP, and Lake View Trust at the U. S. District Court for the District of Idaho.

USA v. Benjamin Delo: ‘Surrender & Bail’ Letter

Letter on behalf of Benjamin Delo regarding his surrender and bail in USA v. Benjamin Delo, described as a citizen of the United Kingdom and Grenada residing in Hong Kong, at the U. S. District Court for the Southern District of New York, where he was indicted for alleged violations of the Bank Secrecy Act regarding a "cryptocurrency derivatives trading platform" known as BitMEX.

OKCoin Europe Ltd.: ‘No New Business’ Directive

Public Notice by the Malta Financial Services Authority that it has issued a Directive against "virtual financial assets" firm OKCoin Europe Ltd. to "cease the on-boarding of new clients with immediate effect". Editor's Note: Research by OffshoreAlert in corporate registries in Malta, Hong Kong, and the Cayman Islands showed that OKCoin Europe Ltd. was incorporated in Malta on September 7th, 2018, its directors are Hong Fang, described as a citizen of China and the United States residing in Palo Alto, California, and Mingxing Xu, a citizen and resident of China, its previous directors include Veronica Dalli, a.k.a. Veronique Dalli, of Malta, who resigned effective October 21st, 2020, Jovan Gavrilovic, a citizen of Serbia residing in Hong Kong, and Tae Won Tim Byun, a citizen of the United States residing in Palo Alto, who both resigned effective December 23rd, 2019, and its sole shareholder is OKCoin Europe Technology Company Limited, which was formed in Hong Kong on November 14th, 2017, whose sole director is Mingxing Xu, and whose sole shareholder is OKC (HK) Company Limited, which was formed in Hong Kong on March 27th, 2015, whose sole director is Mingxing Xu, and whose sole shareholder is OKC Holdings Corporation, which was incorporated in the Cayman Islands on February 16th, 2015 and whose directors are Hong Fang, Bo Feng, Gang Mai, Yue Tang, and Mingxing Xu. On its website at www.okcoin.com, OKCoin describes itself as "the leading global cryptocurrency exchange".

SEC v. Shawn Cutting et al: Complaint

Complaint "to stop an ongoing fraudulent and unregistered offering of securities and misappropriation of money received from investors" in U. S. Securities and Exchange Commission v. Shawn C. Cutting, of Sandpoint, Idaho, as Defendant, and Crypto Traders Management LLC, Janine M. Cutting, Golden Cross Investments LLC, Lake View Trust, and Tyson Trust, as Relief Defendants, at the U. S. District Court for the District of Idaho.

CFTC v. John McAfee et al: Complaint

Complaint alleging fraud involving cryptocurrencies in Commodity Futures Trading Commission v. John David McAfee and Jimmy Gale Watson, Jr. at the U. S. District Court for the Southern District of New York.

USA v. John McAfee et al: Criminal Indictment

Criminal Indictment alleging fraud and money laundering involving cryptocurrencies in USA v. John David McAfee and Jimmy Gale Watson, Jr. at the U. S. District Court for the Southern District of New York.

Daniel Glaab v. MoneyGram International, Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud involving the announcement of "a strategic partnership with Ripple Labs, Inc.", described as a blockchain technology company and the developer of the cryptocurrency XRP", in Daniel Glaab v. MoneyGram International, Inc., W. Alexander Holmes, and Lawrence Angelilli at the U. S. District Court for the Central District of California.

StepChange Data Sidecar Fund LLC et al v. StepChange Data Inc. et al: Receivership Petition

Petition for Appointment of a Receiver alleging a $2.4 million fraud involving "Bitcoin mining operations" in StepChange Data Sidecar Fund LLC, of Washington; Seattle Angel Fund III, of Washington; SnellCap SA, of Luxembourg; Hestia Finance Sarl, of Luxembourg; Karl Anders Aidanpä, described as a resident of Spain, and Sven Hemmingsson, described as a resident of Sweden v. StepChange Data Inc., Malachi Salcido, Catherine L. Salcido, Nick Warner, Carrie Warner, and Salcido Enterprises LLC, all of Washington, at the Superior Court of the State of Washington, County of Chelan.

Rakesh Khatri v. Gain Bitcoin et al: Complaint

Complaint alleging fraud involving cryptocurrencies in Rakesh Khatri, a citizen of the United States, individually and as assignee of Reshma Khatri, Abishek Raja, Amit Kushwaha, Anchit Singh, Arvind Singh Bajetha, Ashish Lal, Ashitosh Sampat Raje, Ashok Kumar, Bhagyesh Hanumante, Chakresh Jain, Dharmender Shera, Gagan Deep Joshi, Gaurav Chhabra, Girija Raman, Karthik Raman, Lalit Kumar, Lokesh Sharma, Mohamed Haneefa Kottayil, Mohit Malhotra, Mukesh Gupta, Navneet Bhalla, Nikhil Jadhav, Pritpal Singh, Raghavendra R. Athani, Sachin Chavhan, Sanchit Malik, Saurab Wadhera, Shyam Singh, Siddhant Jain, Vikash Bhagat, Yash Jain, Ismail Nadukkandyil, Aarjav Jain, Siddharth Jain, Sanjay Jain, Mayank Jain, Vivek Tiwari, Malthesha P, Shubham Gupta, Sandeep Grewal, Nitin Koshti, Abishek Chauhan, Amar Singh Chandel, Priyavardhini Venkatram, Ajay Singh, Rajbir, Moumita Das, Rajesh Mehra, P.C. Mahajan, Pooja Ahirwar, Albert Ahirwar, Rani Singh, Shyam Lal, Anjan Roy, Arvinder Pal Singh, Vipin Sahney, Arpit Jain, Mukul Gupta, Aman Singhal, Brijesh Soni, Mahesh Vittal Yadav, Aman Paharia, Sandeep Bhalla, Sanjay Ahlawat, Atul Bhalla, Deepak Kumar, Balkrishna Baburao Raje, Girija Silver, Gaurav Gupta, Skalyan, and Deepak Shukla, all citizens of India v. VariableTech Private Limited, d.b.a. Gain Bitcoin, of Singapore; Amaze Mining and Blockchain Research Ltd., of Hong Kong; GBMiners, Mineral Mining Limited Company, described as "a company located in the United Arab Emirates"; Sun & Sand Mining & Minerals Resource (UK) Limited, described as "a company located in England"; Coin Bank-Safe Bitcoin Wallet, ZebPay Exchange, a.k.a. Zebay, a.k.a. Zeb Pay, described as "a cryptocurrency exchange, virtual wallet, and/or wallet provider headquartered in Singapore with a registered office in Australia"; Amit Bhardwaj, Ajay Bhardwaj, and Hemant Bhope at the U. S. District Court for the Northern District of Indiana.

New York AG v. Bitfinex et al: Settlement Agreement

Settlement Agreement between the New York State Attorney General and seven cryptocurrency firms, namely iFinex Inc., the operator of a cryptocurrency exchange known as Bitfinex; BFXNA Inc., BFXWW Inc., Tether Holdings Limited, Tether Operations Limited, Tether International Limited, all of the British Virgin Islands, and Tether Limited, of Hong Kong. A copy of the agreement was attached to a letter filed by class action plaintiffs in a separate but related civil action alleging fraud.