Court finds blockchain firm guilty of license violation — but CEO vows to fig...
A Dutch court ruled against Apollo for cloning over 75% of its code from blockchain developer Jelurida’s code but failing to adhere to the terms of its license. Dutch open-source blockchain software developer Jelurida has won its case in the Netherlands against Apollo Fintech for breach of copyright.On Sept. 22, a Dutch court ruled against Apollo for cloning over 75% of its code from Jelurida’s Nxt (NXT) blockchain software code but failing to adhere to the developer’s Jelurida Public License (JPL). Alongside Nxt, Jelurida is also the developer of the Ardor blockchain.JPL permits other....
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The Nevada State Attorney Office is currently waiting for the return of Bryan Micon, a fugitive Bitcoin entrepreneur who fled the country immediately after facing an arrest warrant for operating an illegal gambling website, named Seals with Clubs. Micon, who spent his last few months in Antigua, will be appearing before the local court this Thursday, his lawyer David Chesnoff told media. If found guilty, he would be liable to face at least 10 years jail time, alongside $50,000 in fines, for ignoring to obtain the license from the concerned authority which, in this case, is Nevada Gaming....
Larry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year. Helix Operator Pleads Guilty to Money Laundering, Conspiracy Charges According to several reports and a court-issued plea, Ohio resident Larry Harmon (38) pled guilty in a D.C. federal court on Wednesday for money laundering and conspiracy charges. Harmon detailed in court that he plans to cooperate with federal....
US Secret Service special agent Shaun Bridges will plead guilty to charges of money laundering and wire fraud stemming from the government investigation into the illicit online black market Silk Road. Details first emerged of Bridges' alleged improper actions in March, when court documents revealed that Bridges had diverted $800,000 in digital currency to his personal bank accounts without authorization. Bridges was charged alongside Carl Mark Force IV, a Drug Enforcement Administration (DEA) agent also working on the case. Notice of the agreement was filed in the US District Court....
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit $36,088,960. Material Misrepresentations Prior to Sharma’s sentencing, the U.S. Department of Justice (DOJ) similarly announced the jailing of Robert Joseph Farkas, another mastermind of Centra Tech. Both Sharma and Farkas are accused of using fabricated business relationships with legitimate....
Two Florida law firms have filed a class action lawsuit in US district court against digital currency exchange Cryptsy and its CEO, Paul Vernon. Filed in the US District Court for the Southern District of Florida on 13th January, the case alleges negligence, unjust enrichment, conversion and violation of Florida’s Deceptive and Unfair Trade Practices Act. The lawsuit was filed by Jinyao Liu, a Cryptsy customer based in Virginia. Liu, in addition to other members of the class, is being represented by Wites & Kapetan, PA and the Silver Law Group, the latter of which filed suit in state court....