Crypto investor and entrepreneur Michael Terpin was awarded $75.8 million in California’s Supreme Court in a civil judgment against a man Terpin claims stole cryptocurrency assets from him. He will likely need to prove AT&T contractual provisions stating they are not liable for customer losses were void once he was placed in the telco’s high-risk customer category list and still had his SIM swapped and his crypto fortune swiped.
The US Southern District Court of Florida issued an order on May 3 requiring self-proclaimed Satoshi Nakamoto Craig Wright to produce a list of his public bitcoin addresses. The court has reconsidered its order on Wright’s previously filed motion to seal information regarding his bitcoin holdings & ordered Wright to produce a list of the public addresses of bitcoin he owned as of Dec & shall produce all transactional records of the blind trust, including but not limited to any records reflecting the transfer of bitcoin into the blind trust in or about 2011.
India based Cryptocurrency Exchange has relived half of its staff from their work as still dilemma over the legality of cryptocurrency in the country, and Supreme Court (SC) is decision is pending on their case. Its CEO Sathvik Vishwanath said, “Our operations will continue for the foreseeable future, we have some amount of reserves to push through for the next couple of months and will wait for the Supreme Court’s verdict.”
The Brothers (Vivek and Amit Bhardwaj) who have been charged for running a ponzi scheme on Bitcoin have been granted interim bail by Supreme Court of India. Their lawyer Deepak Prakash clarified “While Amit Bhardwaj has been granted interim bail based on his health ground, the Supreme Court granted bail to his brother, purely based on the merits of the case.”
The Indian supreme court (SC) has recently made it clear that the hearing for all cryptocurrency-related case will be set for hearing on March 29. Nishith Desai Associates lawyer Jaideep Reddy has confirmed, “The SC publishes something called the ‘Advance List’ and according to that, the case is listed on March 29.”
Tel Aviv District Court has ruled that Union Bank of Israel, Ltd can’t close the account of local cryptocurrency mining company Israminers Ltd. unanimously, but can refuse if any company involved in anonymous exchanges bypassing AML/KYC policy. The judge ruled: “I believe that the sweeping policy, which does not distinguish between different types of activity.”
Gatecoin crypto exchange has been ordered by the court to shutdown all its operation and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute. Its team stated: “Even after we managed to mitigate our loss by replacing that PSP with more reliable alternatives to process our clients’ transfers, the situation did not improve because that PSP retained a large part of our funds.”
A three-judge bench has ruled that a key part of the Banking (Amendment) Bill, 2015 alias Rate Capping law as unconstitutional. It concluded that the provisions of the law “to be vague, imprecise, ambiguous and indefinite” and thus declared null and void. After 12 months from the date the decision was made the order comes into force.
The Singapore court, Singapore International Commercial Court (SICC) has ruled in favor of the B2C2, the liquidity provider of crypto exchange Quoine & gets to recover 3,092 BTC, which are presently worth around $12 million. Mike Kayamori, Quoine CEO, said: “We are reviewing the judgment and considering our options, including the possibility of an appeal.”
The State court of São Paulo has dismissed the appeal by the bank Banco Santander against cryptocurrency exchange Mercado Bitcoin and ordered the bank to return funds of the exchange account which was frozen by it. Already court has ruled in favour of the exchange & pay it interest of one percent per month, and for the legal expenses of the company.