Crypto

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.

Bitfinex & Tether to pay $18.5M to settle criminal investigation

Seven cryptocurrency firms, six of which are domiciled in the British Virgin Islands, including Bitfinex and Tether, have agreed to pay $18.5 million to settle a criminal investigation by the New York State Attorney General, Letitia James.

USA v. Apostolos Trovias: Criminal Complaint

Criminal Complaint alleging securities fraud in USA v. Apostolos Trovias, a.k.a. "TheBull", of Greece, at the U. S. District Court for the Southern District of New York.

SEC v. Paragon Coin Inc.: Application to Enforce Settlement

Application for a judgment enforcing compliance with an SEC Order regarding the alleged sale of digital tokens without being registered as securities in U. S. Securities and Exchange Commission v. Paragon Coin Inc., of Delaware, at the U. S. District Court for the District of Delaware.

USA v. Tetiana Lukianiuk: Forfeiture Complaint

Forfeiture Complaint in USA v. "All Funds Previously Seized From Binance Holdings Limited", a cryptocurrency exchange domiciled in the Cayman Islands, in an account that "is registered to a 20-year-old Ukrainian national named Tetiana Lukianiuk" and is associated with an alleged extortion scheme against three unidentified U.S.-based companies involving ransomware known as NetWalker, filed at the U. S. District Court for the Middle District of Florida.

State of New York v. Coinseed Inc. et al: Complaint

Complaint alleging securities fraud in The People of the State of New York v. Coinseed Inc., Delgerdalai Davaasambu, a citizen of Mongolia, and Sukhbat Lkhagvadorj, a citizen of Mongolia, at the Supreme Court of the State of New York, County of New York.

SEC v. Coinseed Inc. et al: Complaint

Complaint in U. S. Securities and Exchange Commission v. Coinseed Inc., of Delaware, and Delgerdalai Davaasambuu, described as a citizen of Mongolia residing in New York, at the U. S. District Court for the Southern District of New York.

USA v. John McAfee: Criminal Complaint

Criminal Complaint alleging commodities and securities fraud and money laundering involving cryptocurrencies in USA v. John David McAfee at the U. S. District Court for the Southern District of New York.

Poland: Damian Gajos et al

Application for the appointment of a Commissioner to collect evidence regarding "Bitcoin wallets" from Bittrex Inc. - pursuant to a request for judicial assistance from Poland - for a criminal investigation into Damian Gajos, Adrian Wiecek, Dariusz Myslak, and Kazimierz Pustelnik "for money laundering and endangering the lives and health of many people" involving "designer drugs".

USA v. Stefan Qin: Criminal Information

Criminal Information alleging securities fraud involving "two cryptocurrency investment funds, the Virgil Sigma Fund LP and the VQR Multistrategy Fund LP" in USA v. Stefan He Qin, a citizen of Australia, at the U. S. District Court for the Southern District of New York.

William Laggner et al v. Uphold Ltd.: Winding Up Petition

Winding Up Petition in William Laggner, Bearing Ventures LLC, Innovasia Capital Partners LP, West End Capital II LLC, Charles Simmons, Peter Kearns, Eric Samra, Noam Eliahu, and Michael Zaitsev, all of the USA v. Uphold Ltd., which "operates in the cryptocurrency and blockchain industry", at the Grand Court of the Cayman Islands.

USA v. Alan Joseph: Criminal Complaint

Criminal Complaint alleging money laundering and operating an unlicensed money transmitting business involving cryptocurrencies in USA v. Alan Joseph at the U. S. District Court for the District of Massachusetts.

SEC v. Kristijan Krstic et al: Complaint

Complaint alleging securities fraud based around cryptocurrency in U. S. Securities and Exchange Commission v. Kristijan Krstic, a.k.a. Felix Logan, described as "a Serbian-Australian national who was domiciled in the Philippines"; John DeMarr, and Robin Enos at the U. S. District Court for the Eastern District of New York.

Stuart Coles: LinkedIn Profile

LinkedIn Profile of Dubai-based British national Stuart Coles, part of a group of companies in Britain and the Middle East doing business as 'Coworth Investments' and 'Novus', on January 30th, 2021 in which he, inter alia, described himself as "Co-Founder & Chief Executive Officer" of "Novus Bank", of "Zug, Switzerland", which, in reality, does not exist. Coles deleted the profile on February 11th, 2021 - two hours after OffshoreAlert started asking him questions about his business interests.

British ‘crypto-friendly’ travel booking firm Travala facing strike-off

UPDATED: Shortly after OffshoreAlert reported that British 'blockchain-based, cryptocurrency-friendly' online travel booking start-up Travala, which has raised over £2 million from investors and is now owned by a Cayman Islands firm, was facing compulsory strike off for failure to file its accounts, the firm filed unaudited "Micro-entity Accounts" with Companies House that contained scant details.

CFTC v. Jeremy Spence: Complaint

Complaint alleging the defendant "fraudulently solicited individuals to invest funds in various pools that traded virtual currencies such as bitcoin and ether, each a commodity in interstate commerce" in Commodity Futures Trading Commission v. Jeremy Spence, d.b.a. 'Coin Signals', at the U. S. District Court for the Southern District of New York.

USA v. Jeremy Spence: Criminal Complaint

Criminal Complaint alleging fraud involving "cryptocurrency trading pools" in USA v. Jeremy Spence, a.k.a. 'Coin Signals', at the U. S. District Court for the Southern District of New York.

Anthony Pauwels v. Bit Digital, Inc. et al: Class Action Complaint

Class Action Complaint alleging fraud in Anthony Pauwels v. Bit Digital, Inc., described as a Cayman Islands-domiciled "holding company that purports to engage in the bitcoin mining business through its wholly owned subsidiaries in U.S. and Hong Kong" and whose shares are listed on NASDAQ; Min Hu, and Erke Huang at the U. S. District Court for the Southern District of New York.

Zaif Inc. v. Binance Holdings Ltd. et al: Complaint

Complaint alleging "the laundering of stolen cryptocurrency" in Zaif Inc., described as "a Japanese cryptocurrency exchange" v. Binance Holdings Ltd., a Cayman Islands company described as "a 'go-to' location for cybercriminals to convert purloined cryptocurrency to other cryptocurrency or cash", and BAM Trading Services Inc. at the Superior Court of the State of California, County of San Francisco.

TravelFront: Corporate Information

Corporate Information, including the names of directors, for TravelFront, an online travel booking platform, obtained from the Cayman Islands General Registry on January 15th, 2021.

Wireline, Inc.: $650K Fine

Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $650,000 on Wireline, Inc., described as a Delaware-domiciled "early-stage project focused on the development of a decentralized, blockchain based platform", for an unregistered securities offering and alleged fraud involving, inter alia, Wireline Developer Fund Ltd., a.k.a. Wireline Development Fund, of the Cayman Islands. Editor's Note: Research by OffshoreAlert showed that, in the Cayman Islands General Registry, the directors of Wireline Developer Fund Ltd. are identified as Lucas Geiger and Rich Burdon.

SolidX Management LLC et al v. VanEck Securities Corporation et al: Complaint

Complaint alleging breach of contract in SolidX Management LLC, a Delaware corporation based in New York, NY, and VanEck SolidX Bitcoin Trust, described as a Delaware trust "established as a financial vehicle for purpose of holding bitcoin" v. VanEck Securities Corporation, described as a Delaware corporation based in New York, NY; Van Eck Bitcoin Trust, described as a Delaware trust established "as part of vanEck's scheme to obtain SEC approval for a bitcoin-based ETF", and VanEck Digital Assets LLC, of Delaware, at the Supreme Court of the State of New York, County of New York.

Thomas Rossman v. Finite Trust et al: Complaint

Complaint alleging "the exploitation of an unsuspecting investor who placed his trust, as well as a significant amount of funds, into the hands of a self-proclaimed 'leading global investment management firm' called Finite Trust, and its principals, who operated a deceptive and fraudulent scheme to deprive Plaintiff of his property on false promises of cryptocurrency-related investments, by inducing Plaintiff to transfer approximately $175,000.00 to COINBASE (a large U.S.-based cryptocurrency exchange)" in Thomas Rossman v. Finite Trust, described as an "unregistered New York business entity"; Noah Muller, David Meyers, Allen Magnussen, Jean M. Scott, and Coinbase Inc., of Delaware, at the U. S. District Court for the Southern District of New York.

Ariel Abittan v. Lily Chao et al: Complaint

Complaint alleging "a multi-year fraudulent conspiracy" involving blockchain technology and an Initial Coin Offering in Ariel Abittan, who, with others, "invested millions of dollars" and "assembled a highly-esteemed team of cryptographers from Stanford University's Cryptography Ph.D. program to build Findora's state of the art blockchain technology" v. Lily Chao, a.k.a. Tiffany Chen, a.k.a. Yuting Chen; Damien Ding, a.k.a. Damien Leung, a.k.a. Tao Ding; Temujin Labs Inc., of Delaware, and Temujin Labs Inc, of the Cayman Islands, as Defendants, and Eian Labs Inc., a.k.a. Findora, as Nominal Defendant, at the U. S. District Court for the Northern District of California.

Tierion, Inc.: $250K Fine

Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $250,000 on Tierion, Inc. for regulatory breaches involving the sale of digital tokens by its "Cayman Islands-subsidiary, Tierion International Ltd.". Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Tierion International Ltd. are Casey McDonald and Wayne Vaughan.

SEC v. Stefan Qin: Asset Freeze Motion

SEC's Ex Parte Emergency Motion for an Asset Freeze in the U. S. Securities and Exchange Commission v. Stefan Qin, described as a 23-year-old "citizen and resident of Australia and a part-time resident of New York, NY" who is "currently believed to be in Seoul, South Korea"; Virgil Technologies LLC, described as a Cayman Islands company based in New York, NY; Montgomery Technologies LLC, Virgil Quantitative Research, LLC, Virgil Capital LLC, each described as a Delaware company based in New York, NY, and VQR Partners LLC, described as a Cayman Islands company based in New York, NY, at the U. S. District Court for the Southern District of New York.

SEC v. Stefan Qin et al: Complaint

Complaint alleging fraud involving Virgil Sigma Fund LP, of New York, NY, and VQR Multistrategy Fund LP, of the Cayman Islands, in the U. S. Securities and Exchange Commission v. Stefan Qin, described as a 23-year-old "citizen and resident of Australia and a part-time resident of New York, NY" who is "currently believed to be in Seoul, South Korea"; Virgil Technologies LLC, described as a Cayman Islands company based in New York, NY; Montgomery Technologies LLC, Virgil Quantitative Research, LLC, Virgil Capital LLC, each described as a Delaware company based in New York, NY, and VQR Partners LLC, described as a Cayman Islands company based in New York, NY, at the U. S. District Court for the Southern District of New York.

SEC v. Ripple Labs, Inc. et al: Complaint

Complaint alleging an "illegal securities offering" that raised "at least $1.38 billion" in U. S. Securities and Exchange Commission v. Ripple Labs, Inc., formerly known as Open Coin, Inc., described as a Delaware company based in San Francisco, California; Bradley Garlinghouse, and Christian A. Larsen at the U. S. District Court for the Southern District of New York.

Cayman Enterprise City Ltd. v. Splend SEZC et al: Writ of Summons

Writ of Summons for damages of $36,977 in Cayman Enterprise City Ltd. v. Splend SEZC and Splend Ltd. at the Grand Court of the Cayman Islands. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that Splend SEZC was incorporated on January 19th, 2018 and that its directors are Brian Tran and Michael Han, who appear to be based in the United States. Splend Ltd. does not appear in the Cayman Islands General Registry, indicating it is domiciled in another jurisdiction. The Splend group's website at splend.io has been dismantled, with visitors currently greeted with the message "Stay Tuned for Something Awesome". Previously, it was stated on the site that the group offered "groundbreaking blockchain technology", with its "Team" identified as Rick Bleszynski, "CEO"; Mike Han, "CTO and Co-Founder"; Brian Tran, "COO and C-Founder"; Ed Ho, "CFO"; Dave Rogers, "CSO", and Tess Nguyen, "Director of Marketing".

Real Exchange (REX) Ltd.: ‘No New Clients’ Order

Public Notice by the Malta Financial Services Authority that it was directed Real Exchange (REX) Limited "to cease the on-boarding of new clients with immediate effect". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Real Exchange (REX) Limited was incorporated in Malta on September 3rd, 2018, its directors are Adriano Cefai, of Malta; Viktor Kochetov, and Alexander Yelsky, both citizens of Ukraine, and its sole shareholder is K-Worldwide Group 18 Ltd., which was incorporated in Malta on September 25th, 2019, whose directors are Adriano Cefai, Viktor Kochetov, and Alexander Yelsky, and whose shareholders are Kyrrex Holding Limited, of Cyprus; Peter's Lab Spolka z Ograniczona Odpowiedzialnoscia, of Poland; RV70 Holding Limited, of England; Adriano Cefai, Darko Perovic, of Marbella, Spain; Yermek Tursunov, of Kazakhstan, and Clarissa Zammit Maempel, of Malta. According to records maintained by the Cyprus Registrar of Companies, Kyrrex Holding Limited was incorporated on October 2nd, 2018 and its directors are Viktor Kochetov and Lazarus Ioannou. According to Companies House for England and Wales, RV70 Holding Limited was incorporated on November 20th, 2014 and its sole director and controlling person is Ruggero Venturini, described as a citizen of Italy residing in Malta. On the website of Real Exchange (REX) Limited at kyrrex.com, it is stated: "Founded in June 2016, Kyrrex is a digital wallet and professional platform where traders and consumers can trade in new digital assets - cryptocurrencies, such as Bitcoin, Ethereum, Ripple, EOS, Litecoin, Cardano, NEO, Monero and many others."

John Merrells v. Wireline Inc.: Complaint

Complaint in John Merrells, described as a citizen of the United Kingdom residing in California who "served as Chief Executive Officer of Wireline and was a member of the Company's board of directors" v. Wireline Inc., described as a Delaware corporation based in New York, NY, at the Court of Chancery of the State of Delaware.

SEC v. Karina Chairez: Complaint

Complaint alleging "a multi-level marketing scheme that targeted Latinx and Spanish-speaking communities with promises of high returns from algorithmic digital asset day-trading by "automated robots" connected to "international exchanges"; and from a recruitment compensation plan that incentivized members to attract others to the scheme" involving an "investment club" known as AirBit in the U. S. Securities and Exchange Commission v. Karina Chairez, of Modesto, California, at the U. S. District Court for the Southern District of New York.

Jerome Wilson-Chalkley v. BitMEX et al: Complaint

Complaint alleging fraud involving cryptocurrency in Jerome Wilson-Chalkley, of London, England v. HDR Global Trading Limited, a.k.a. BitMEX, described as a Seychelles-domiciled "cryptocurrency/derivatives exchange"; ABS Global Trading Limited, of San Francisco, California, and Arthur Hayes at the Superior Court of the State of California, County of San Francisco.

Ramona Ang v. Reliantco Investments Ltd.: Judgment

Approved Judgment regarding the termination of an account that was used to invest in Bitcoin futures in Ramona Ang, who is "married to Dr Craig Wright, a specialist computer scientist and researcher with cybersecurity and blockchain expertise, who claims to be the or a principal inventor of Bitcoin" v. Reliantco Investments Ltd., of Cyprus, at the High Court of Justice, in London.

Binance Holdings Ltd.: Directors

Director Details for Binance Holdings Limited obtained from the Cayman Islands General Registry on November 19th, 2020.

Cayman crypto exchange Binance sues Forbes for defamation

Cayman Islands-domiciled cryptocurrency exchange Binance Holdings is suing U.S.-based news provider Forbes and two of its reporters for defamation over a recent article headlined "Leaked 'Tai Chi' Document Reveals Binance's Elaborate Scheme To Evade Bitcoin Regulators".

Binance Holdings Ltd. v. Forbes Media LLC et al: Complaint

Complaint alleging defamation regarding an article entitled "Leaked 'Tai Chi' Document Reveals Binance's Elaborate Scheme To Evade Bitcoin Regulators" that was published on October 29th, 2020 in Binance Holdings Limited, a cryptocurrency exchange domiciled in the Cayman Islands v. Forbes Media LLC, Michael del Castillo, and Jason Brett at the U. S. District Court for the District of New Jersey.

Ontario Securities Commission v. Troy Hogg et al: Asset Freeze Application

Application by the Ontario Securities Commission to continue an asset freeze direction against Troy Richard James Hogg, Cryptobontix Inc., Gables Holdings Inc., and Colonial Hotel (Grand Bend) Limited, all of Canada, as part of an investigation into a suspected cryptocurrency-based investment fraud, filed at Ontario Superior Court.

Bitstamp Ltd.: $15K Fine

Stipulation and Consent Order regarding the State of Vermont Department of Financial Regulation and Bitstamp Ltd., described as a provider of "online virtual currency services", based in England,

Dekrypt Capital LLC et al v. Uphold Ltd. et al: Amended Complaint

Amended Complaint alleging "Defendants promoted, offered, and sold unregistered and non-exempt securities, called Universal Protocol Tokens, in the United States and in violation of federal and state securities laws" in Dekrypt Capital LLC, of Delaware; Dekrypt Master Fund LP, of the British Virgin Islands; Dekrypt Ventures I LP, of the British Virgin Islands; Arrington XRP Capital Cayman SPV Ltd., of the Cayman Islands, and Arrington Capital Management LLC, of Washington state v. Uphold Ltd., of the Cayman Islands; Uphold Inc., of Washington state; Uphold HQ Inc., of South Carolina; Juan Pablo Thieriot, of San Francisco, California, and Daniel Schatt, of San Mateo County, California, at the Superior Court of Washington for King County.

Bitstamp Ltd. v. Bank of America Corp. et al: Discovery Application

Application by Bitstamp Ltd., a cryptocurrency exchange domiciled in England and part of a group that is based in England, Luxembourg, and Slovenia, to take discovery from The Bank of America Corporation and Citibank N.A. for use in legal proceedings in Denmark "against CNG Processing ApS", described as a payment processor whose "owner" is Gert Funk, filed at the U. S.District Court for the Southern District of New York.