Court

Highlights: BlockFills filed for Chapter 11 after freezing customer deposits and withdrawals. Court filings showed liabilities far exceeded assets as financial pressure deepened. The collapse marks a major setback for crypto’s institutional trading sector. On 15 March, BlockFills, a crypto […]

Highlights: Do Kwon sentenced to 15 years over $40 billion 2022 crypto market collapse. Around 16,500 investors suffered losses from Terraform, and six personally addressed the court. After seven and a half years, Kwon could be extradited to South Korea. […]

Highlights: Authorities charged Brent Kovar with defrauding 400 investors of $24 million in a crypto scam. Kovar made false promises and misleading claims to lure investors into Profit Connect. Kovar faces up to 330 years in prison and a $4.5 […]

Highlights: Investors Chan Wing-yan and Herbert Lam filed a civil lawsuit against JPEX for over HK$1.85 million. The plaintiffs discovered their assets were transferred to unknown wallets shortly after deposit. The police reported 73 arrests related to the JPEX scandal, […]

Highlights: The Australian federal court ruled Block Earner “acted honestly” despite offering unlicensed crypto yield products. Block Earner avoided a $234,000 fine, though it suffered reputational damage and incurred substantial legal fees. ASIC is reviewing the court’s decision to dismiss […]