Apple Shielded From Crypto Wallet App Lawsuit, Judge Rules
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto. Apple Not Liable for Loss After Customer Downloaded Fake Crypto App Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California has ruled that Apple Inc. is not liable in a class action lawsuit where a fraudulent cryptocurrency wallet app was available for download on....
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Bitcoin wallet company Xapo lost their bid to dismiss a breach of contract lawsuit slapped on five of its employees. This lawsuit was filed by LifeLock, which is seeking damages from defendants including Xapo CEO Wences Casares and COO Federico Murrone. According to LifeLock, the defendants did not disclose the "nature and extent" of their role in developing the project, which it argues was created on its computers and using its resources. Bitcoin Wallet Lawsuit. Back when LifeLock purchased Lemon, a digital wallet platform, it secured the services of Xapo employees. According to Xapo,....
A lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed. The plaintiffs listed nine cryptocurrencies in the lawsuit.
Binance’s Lawsuit Dismissed
U.S. District Judge Andrew Carter dismissed a lawsuit against cryptocurrency exchange Binance Thursday.
The motion to dismiss was filed by Binance and CEO Changpeng Zhao (CZ). The lawsuit (case no. 20-02803) was originally filed in April 2020 in the U.S. district court in the Southern District of New York.
Binance is accused of violating....
Steve Wozniak has lost his lawsuit against YouTube over scammers using his image to push crypto giveaway scams on the streaming platform. The case touches on the responsibility of social media companies to police content posted by users. But, in a ruling made yesterday, a California state judge said YouTube and its parent company, Google […]
The world’s largest tech company by market cap, Apple Inc., managed to get rid of the proposed Class Action Lawsuit for allegedly hosting a spoofed crypto wallet, Toast Plus. Initially, Hodana Diep filed a complaint against the firm in U.S. Maryland District Court in September 2021. The accuser alleged that the tech company had violated […]
A Washington judge threw out the lawsuit after the plaintiff failed to make a case.