Investment

Public Warning by the Swiss Financial Market Supervisory Authority that Hyperrr.com GmbH is "suspected of conducting unauthorised activities in the financial market".

Class Action Complaint in Aaron Murphy v. Argo Blockchain Plc, of England, which "purports to engage in the cryptocurrency mining business worldwide"; Peter Wall, Alex Appleton, Matthew Shaw, Sarah Gow, Colleen Sullivan, and Maria Perrella at the U.S. District Court for the Eastern District of New York.

Complaint "for conversion, fraudulent misrepresentation, unjust enrichment, and a declaratory judgment to recover from harm caused by Defendant's brazen attack on Mango Markets" in Mango Labs LLC v. Avraham Eisenberg at the U.S. District Court for the Southern District of New York.

Complaint in Sabby Volatility Warrant Master Fund Ltd., of the Cayman Islands; SZOP Multistrat LP, Alto Opportunity Master Fund SPC-Segregated Master Portfolio B, of the Cayman Islands; Hudson Bay Master Fund Ltd., of the Cayman Islands, and Walleye Opportunities Master Fund Ltd., of the Cayman Islands v. Kevin J. Kennedy, Patrick Archambault, Jim DiSanto, Karen Francis, Tamer Hassanein, Lisa Kelley, Thomas M. Rohrs, and Tianyue Yu at the U.S. District Court for the Southern District of New York.

Well-known crypto investor Roger Ver, who renounced his U.S. citizenship in 2014 and became a citizen of Saints Kitts and Nevis, is being sued for $20 million by a British Virgin Islands-domiciled affiliate of insolvent crypto lender Genesis for "failure to settle cryptocurrency options transactions".

USA's Sentencing Memorandum recommending a sentence of six months' home confinement and three years of supervised release after pleading guilty to "conspiracy to commit securities fraud and manipulative trading" in USA v. Andrew McAlpine, a citizen of Canada residing in the Cayman Islands, at the U.S. District Court for the Southern District of California.

Complaint in Sustainable Opportunities Acquisition Corp., now known as TMC the metals company Inc. v. Atalaya Special Purpose Investment Fund II LP, of the Cayman Islands; ACM DGOP LLC, ACM ASOF VII (Cayman) Holdco LP, of the Cayman Islands; Glazer Enhanced Offshore Fund Ltd., of the Cayman Islands; Glazer Enhanced Fund LP, and Highmark Limited, on behalf of its Segregated Account Highmark Multi-Strategy 2, of the Cayman Islands at the Supreme Court of the State of New York, County of New York.

Class Action Complaint in William McGreevy, Ashwin Gowda, Translunar Crypto LP, Christopher Buttenham, and Alex Sopinka v. Digital Currency Group Inc. and Barry Silbert at the U.S. District Court for the District of Connecticut.

Complaint alleging fraud, breach of contract and conversion in Urban Commons Danbury LLC, Urban Commons Frontera LLC, Urban Commons Highway 111 LLC, Urban Commons 4th Street LLC, Urban Commons Anaheim LLC, Urban Commons HIDH LLC, Urban Commons Bayshore LLC, Urban Commons Continental LLC, UCQ Holding LLC, Urban Commons Hialeah LLC, Urban Commons RDH LLC, Urban Commons Cordova LLC, and Urban Commons Riverside Blvd LLC v. Claydon Hill Investments Ltd., of the British Virgin Islands; Compass Cove Assets Limited, of the British Virgin Islands; Bounty Green Assets Ltd., of the British Virgin Islands; Frank Yuan, Robert Yuan, Norbert Yuan, and Jerome Yuan at the Superior Court of the State of California, Los Angeles County.

Summons with Notice in GGC International Limited, of the British Virgin Islands v. Roger Ver, of Saints Kitts and Nevis, at the Supreme Court of the State of New York, County of New York.

Complaint alleging the defendant "drained approximately $116 million from a crypto asset trading platform known as Mango Markets after manipulating the trading price and volume of the “MNGO token,” a so-called “governance token” of Mango Markets that was purchased and sold as a crypto asset security" in U.S. Securities and Exchange Commission v. Avraham Eisenberg at the U.S. District Court for the Southern District of New York.

Director Details for Coincident Capital International Ltd. Ltd. (which has an unsecured claim of $112 million in the bankruptcy of crypto lender Genesis), obtained from the Cayman Islands General Registry on January 20th, 2023.

Press Release by the U.S. Securities and Exchange Commission announcing that Nexo Capital Inc., of the Cayman Islands, has agreed to pay $45 million in penalties for conducting an "unregistered offering of crypto asset lending product".

Administrative Order by the U.S. Securities and Exchange Commission imposing a civil money penalty of $22.5 million on Nexo Capital Inc., described as a Cayman Islands-domiciled provider of "crypto asset-related financial products and services", for an unregistered securities offering.

Class Action Complaint alleging securities fraud in International Union of Operating Engineers, Local No. 793, Members Pension Benefit Trust of Ontario, of Canada v. Silvergate Capital Corporation, Alan J. Lane, Antonio Martino, Kathleen M. Fraher, Benjamin C. Reynolds, Dennis S. Frank, Michael Lempres, Karen F. Brassfield, Robert C. Campbell, Paul D. Colucci, Thomas C. Dircks, Scott Reed, Colleen Sullivan, Aanchal Gupta, Goldman Sachs & Co. LLC, Keefe Bruyette & Woods Inc., Canaccord Genuity LLC, Compass Point Research & Trading LLC, Craig-Hallum Capital Group LLC, JPMorgan Securities LLC, and Wedbush Securities LLC at the U.S. District Court for the Southern District of California.

Complaint "to end the Oversight Board and AAFAF’s abuse of power, and PRIDCO's inexcusable refusal to pay its debts" allegedly totaling $90.5 million in Crown Managed Accounts SPC - Crown/GT Segregated Portfolio, of the Cayman Islands; Ginkgo Tree LLC, GN3 SIP Limited, of Jersey, in the Channel Islands; GoldenTree Distressed Fund 2014 LP, of the Cayman Islands; GoldenTree Distressed Master Fund 2014 Ltd., of the Cayman Islands; GoldenTree Insurance Fund Series Interests of The Sali Multi-Series Fund LP, GoldenTree Master Fund Ltd., of the Cayman Islands; GoldenTree V1 Master Fund LP, of the Cayman Islands; GTAM 110 Designated Activity Company, of Ireland, and High Yield and Bank Loan Series Trust, of the Cayman Islands v. Puerto Rico Industrial Development Corporation, The Puerto Rico Fiscal Agency and Financial Advisory Authority, and The Financial Oversight and Management Board for Puerto Rico at the U.S. District Court for the District of Puerto Rico.

Complaint alleging breach of contract in Celsius Network Limited, of England, described as "a crypto-based financial platform" v. Fabric Ventures Group Sàrl, of Luxembourg, described as "a venture-capital firm that contractually committed to purchase Series B preferred shares of CNL", at the U.S. Bankruptcy Court for the Southern District of New York.

Amended Class Action Complaint in Joshua Berdugo v. Gemini Trust Company LLC, Tyler Winklevoss, and Cameron Winklevoss at the U.S. District Court for the Southern District of Florida.

On the day its offices were raided in Bulgaria last week, and four of its employees criminally charged with money laundering and fraud, the Nexo crypto lending group sued the Cayman Islands Monetary Authority for rejecting its licensing application and is seeking a court declaration that it is "suitable to be registered".

Class Action Complaint in Dallas Woody v. Coinbase Global Inc., Coinbase Inc., and Brian Armstrong at the U.S. District Court for the Northern District of California.

Defendant Stephen Braverman's Motion to Dismiss in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

Winding Up Petition in Funicular Funds LP, of San Francisco, California, USA v. Pioneer Merger Corp. at the Grand Court of the Cayman Islands.

Defendant James Goldberg's Motion to Dismiss in U.S. Securities and Exchange Commission v. Arbitrade Ltd., of Bermuda; Cryptobontix Inc., of Canada; Troy R.J. Hogg, of Canada; James L. Goldberg, Stephen L. Braverman, and Max W. Barber, as Defendants, and SION Trading FZE, of the United Arab Emirates, as Relief Defendant, at the U.S. District Court for the Southern District of Florida.

Notice of Originating Motion to reverse a regulator's rejection of an application for "registration as a virtual asset service provider" in Nexo Capital Inc. v. Cayman Islands Monetary Authority at the Grand Court of the Cayman Islands.

Class Action Complaint in Joshua Berdugo v. Gemini Trust Company LLC, Tyler Winklevoss, and Cameron Winklevoss at the U.S. District Court for the Southern District of Florida.

Complaint alleging securities fraud involving broker-dealers in the United Kingdom and USA in U.S. Securities and Exchange Commission v. Terrance Reagan and Nathaniel Clay at the U.S. District Court for the Southern District of New York.

Complaint alleging "an unregistered offer and sale of securities" in the form of crypto in U.S. Securities and Exchange Commission v. Genesis Global Capital LLC and Gemini Trust Company LLC at the U.S. District Court for the Southern District of New York.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £280,000 on GFG Limited (in Voluntary Liquidation) for "the firm’s failure to meet the minimum criteria for licensing under the Protection of Investors (Bailiwick of Guernsey) Law, 2020".

Criminal Indictment alleging "a scheme to fraudulently obtain approximately $110 million worth of cryptocurrency from a cryptocurrency exchange called Mango Markets and its investors" in USA v. Avraham Eisenberg at the U.S. District Court for the Southern District of New York.

Complaint alleging "a manipulative and deceptive scheme to artificially inflate the price of swaps offered by Mango Markets, a decentralized digital asset exchange, culminating in the misappropriation of over $100 million from the platform" in Commodity Futures Trading Commission v. Avraham Eisenberg at the U.S. District Court for the Southern District of New York.

Complaint alleging securities fraud involving entities in several jurisdictions, including the Bahamas, Canada, and USA, in U.S. Securities and Exchange Commission v. Andrew DeFrancesco, Marlio Mauricio Dioaz Cardona, Carlos Felipe Rezk, Nikola Faukovic, and Catherine DeFrancesco, described as "resident of Miami Beach, Toronto, and Gstaad, Switzerland", at the U.S. District Court for the Southern District of New York.

Superseding Indictment alleging fraud and money laundering regarding "a purported cryptocurrency mining and trading company that promised to earn its victim-investors profits in exchange for their purchase of cryptocurrency-related investment products" in USA v. Francisley da Silva, a citizen of Brazil; Juan Tacuri, Antonia Perez Hernandez, and Ramon Perez at the U.S. District Court for the Southern District of New York.

Class Action Complaint in Winston Peete v, BioLineRx Ltd., described as "a pre-commercial stage biopharmaceutical company focused on oncology, headquartered [in] Israel", and Philip A. Serlin at the U.S. District Court for the District of New Jersey.

Complaint alleging "a scheme to defraud hundreds of thousands of investors, including more than 26,000 New Yorkers, by using false and misleading representations to induce them to deposit billions of dollars in digital assets with his cryptocurrency lending company Celsius Network LLC" in The People of the State of New York, by Letitia James, as the Attorney General of the State of New York v. Alex Mashinsky at the Supreme Court of the State of New York, County of New York.

Director Details for Bridge Fund SPC Limited, obtained from the Cayman Islands General Registry on January 5th, 2023.

Decision by South Africa's Financial Services Tribunal setting aside a fine and disqualification in Nigel James Green, a citizen of the United Kingdom residing in the United Arab Emirates who is principal of deVere Group v. South Africa's Financial Conduct Authority.

Class Action Complaint in Julie Chon Papadakis v. Samuel Bankman-Fried, Caroline Ellison, Gary Wang, Nishad Singh, Armanino LLP, and Prager Metis CPAs LLC at the U.S. District Court for the Northern District of California.

Consent Judgment in USA v. Cooper Morgenthau at the U.S. District Court for the Southern District of New York.

Criminal Information alleging fraud in USA v. Cooper Morgenthau at the U.S. District Court for the Southern District of New York.

Complaint (and Proposed Judgment) alleging the defendant "stole more than $5 million" from his employer, African Gold Acquisition Corp., and from investors in Strategic Metals Acquisition Corp. I and Strategic Metals Acquisition Corp. II, all of the Cayman Islands, in U.S. Securities and Exchange Commission v. Cooper J. Morgenthau at the U.S. District Court for the Southern District of New York.

Claiming it cannot redeem an investment of more than US$91 million, Hong Kong-based CMB International Securities has applied for Receivers to be appointed for an "insolvent" segregated portfolio of Eric Wang's Cayman Islands mutual fund Oakwise Value Fund that invested in "the real estate market in China".

Director Details for Oakwise Capital Holding Limited, obtained from the Cayman Islands General Registry on January 2nd, 2023.

Director Details for Oakwise Asset Management Limited, obtained from the Cayman Islands General Registry on January 1, 2023.

Director Details for Oakwise Value Fund SPC, obtained from the Cayman Islands General Registry on January 1st, 2023.

Originating Application in the matter of Bridge Fund SPC Limited at the Grand Court of the Cayman Islands.

Class Action Complaint alleging "a planned misappropriation of a $32.5 million corporate asset by the sponsor of a special purpose acquisition company" in Funicular Funds LP v. Pioneer Merger Corp., Pioneer Merger Sponsor LLC, Jonathan Christodoro, Rick Gerson, Oscar Salazar, Ryan Khoury, Scott Carpenter, Matthew Corey, Mitchell Caplan, and Todd Davis at the U.S. District Court for the Southern District of New York.

Director Details for Valley Stone Industry Fund Ltd., obtained from the Cayman Islands General Registry on December 30th, 2022.

Originating Application in the matter of ADV Value Development Fund I LP at the Grand Court of the Cayman Islands.

Petition for the appointment of Receivers in CMB International Securities Limited, of Hong Kong v. Oakwise Value Fund SPC - Enhanced Fixed Income SP at the Grand Court of the Cayman Islands.

Media Release by the Securities Commission of the Bahamas, including copies of filings at Bahamas Supreme Court, regarding what information about the failed FTX crypto group can be legally shared with debtors in the United States.