News list for " court order"
British crypto mining platform BTCMining has been shut down by court over allegations of cross-border fraud. The company provided so-called "cloud mining" services to customers in many countries around the world, collecting fees but not delivering promised profits and preventing users from withdrawing funds. According to an investigation by the UK's Official Receiver's Office, the company, founded in January 2024, has a number of violations: the registered address is fake, the only director is m...
Cryptocurrency exchange Mudrex has obtained a court order ordering India's Ministry of Communications to shut down as many as 38 websites using the company's name to commit fraud. The Delhi High Court handed down its verdict on August 23, one day after the petition was filed, giving the ministry a week to execute. After about 15 people contacted customer support or came to the Bangalore office to report that they had been scammed, Mudrex filed a lawsuit in court. "We estimate that the actual sca...
A federal court in Illinois has ordered cryptocurrency hedge fund Jafia LLC and its owner, Sam Ikkurty, to pay $84 million to settle allegations of "Ponzi-like" cryptocurrency fraud by the Commodity Futures Trading Commission.
