Legal

CipherTrace Files Patent For Monero-Tracking Technology

  • This is the second patent filing from the blockchain analytics firm that outlines a Monero tracking technology.
  • Both applications are the result of the firm's work with the U.S. Department of Homeland Security, which began in 2019.
The United States Patent and Trademark Office in Alexandria, VA, USA on June 30, 2018. Shutterstock

  • This is the second patent filing from the blockchain analytics firm that outlines a Monero tracking technology.
  • Both applications are the result of the firm's work with the U.S. Department of Homeland Security, which began in 2019.
Ripple CEO Brad Garlinghouse speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California. Steve Jennings/Getty Images for TechCrunch

Ripple Continues To File For Trademarks In The U.S.

  • Last week the firm filed for yet another trademark, PayString, though the lack of information leaves us guessing what it will be used for.
  • 2020 has been a busy year for Ripple, as can be seen from the USPTO website, which shows the company has filed for 11 trademarks throughout the year.
Image from Shutterstock

Chainalysis Launches Service To Assist The Management, Sales Of Seized Crypto Assets

  • Chainalysis will enable law enforcement-seized cryptocurrency to legally flow back into circulation.
  • The blockchain analytics company will collaborate with experts in management of seized cryptocurrency, Asset Reality.
Image from Freepik

Cred Files For Bankruptcy

  • Following irregularities in the handling of specific corporate funds by a perpetrator of fraudulent activity, crypto lender Cred has filed for bankruptcy.
  • A recovery plan has been initiated with the goal of recovering user funds.
Sign of the Department of Justice (DOJ) in Washington, DC on September 10, 2016. Mark Van Scyoc/Shutterstock

Chainalysis Helps DOJ Seize More Than $1B In BTC Stolen From Silk Road

  • Agents from IRS-CI used Chainalysis tools and managed to identify Individual X, from whom the funds were seized.
  • The civil complaint is a mere standard procedure aiming to prove that the seized assets are subject to forfeiture.
Emblem of the U.S. Securities and Exchange Commission in Washington, DC on November 26, 2016. Mark Van Scyoc/Shutterstock

Kik & SEC Jointly Propose $5 Million Settlement To End ICO Lawsuit

  • The proposed joint settlement is not final, and still requires approval from presiding judge Alvin Hellerstein.
  • If approved, the settlement will enjoin the firm against future securities law violations, and make it pay a $5 million fine.
John McAfee speaking at the 2016 Politicon at the Pasadena Convention Center in Pasadena, California on June 25, 2016. Gage Skidmore/Flickr

SEC Indicts John McAfee, Police Arrest Him In Spain

  • McAfee is being indicted on hiding millions in income, evading taxes on multiple occasions, and pumping ICOs.
  • The accused might face up to 5 years in prison with an additional 1 year for each count of willful failure to file a tax return.
South Korean police vehicle, photographed on 14 February, 2009. Flickr/South Korea Police/Wikimedia Commons

Report: Korean Police Seize Largest Local Crypto Exchange Bithumb

  • The exchange reportedly pre-sold BXA tokens worth around $25 million without listing the token afterwards.
  • The assets were issued concerning the acquisition of Bithumb by BK Group, which, after prolonged negotiations earlier this year, withdrew from the deal.
Illustration from Freepik

Tezos’ 3 Year Lawsuit Ends In $25M Settlement

  • The judge in the case has noted that the agreement was "fair, reasonable, and adequate".
  • One third of the settlement, $8.5 million, will go towards attorney fees, which leaves $16.5 million for the participants in the ICO.
Illustration from Freepik

Binance Helps Ukraine Take Down Crypto Laundering Group

  • The exchange started assisting the Ukrainian Cyber Police in early 2020, under its "Bulletproof Exchangers" project.
  • The investigation was mainly conducted by the exchange's internal risk intelligence unit, Binance Sentry, and analytics firm TRM Labs.
Exterior signage on the front of the United States Post Office building in Scottsdale, Arizona on May 25, 2017. Jessica Kirsh/Shutterstock

US Postal Services File For Blockchain-Based Mail-In Voting Patent

  • The USPS has proposed a number of different frameworks and concepts around its central idea of blockchain-based voting.
  • The news follows recent comments from President Donald J. Trump concerning the funding of the mail service.
Illustration from Freepik

Bittrex, Poloniex Motion For Summary Judgement, Tether Denies Allegations

  • The motion for summary judgement is on the grounds that the Plaintiffs are unable to "prove the central premise of their claims".
  • The two exchanges were added to the lawsuit as defendants in June.
Illustration from Freepik

Plaintiffs Settle With OneCoin Co-Founder

  • On Thursday, Konstantin Ignatov settled with plaintiffs Donald Berdeaus and Christine Grablis, the representatives of OneCoin investors.
  • Konstantin is no longer facing 90 years of prison time.
Illustration from Freepik

Twitter Hacker’s Bail Set At $725K

  • The 17 year old "mastermind" had 400 BTC confiscated by authorities last year during an investigation.
  • In order to carry out the hack, the ringleader reportedly had help from a 19 year old U.K. resident, and a 22 year old Florida resident.