Dutch Bitcoin Exchange Files Preliminary Injunction to Suspend Wallet Verific...
A Dutch bitcoin (BTC) exchange has filed a preliminary injunction at a court in Rotterdam to suspend the central bank’s additional wallet-verification requirements. Bitonic seeks to challenge the new rules enacted by the De Nederlandsche Bank (DNB) on Sept. 21, 2020. Dutch Exchange Argues Additional KYC Rules Lack ‘a Proper Legal Basis’ Per the bitcoin exchange’s announcement, the additional know your customer (KYC) requirements imposed by the central bank violate users’ privacy. However, the crypto firm clarifies that the legal obligations “are not....
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The FTC proceedings against troubled Bitcoin mining company Butterfly Labs (BFL) continue. In a document submitted today, the Court revealed its decision to continue the case without granting a preliminary injunction against BFL. The Court has formally denied the Plaintiff's request for a "preliminary injunction, asset freeze, appointment of a receiver, and other equitable relief." Previous reports of the court proceedings in Kansas had revealed that the presiding Judge Wimes may be interested in allowing BFL to reopen. Butterfly Labs was first shut down at the end of September when the....
One Dutch Bitcoin exchange has taken legal action against the central bank over its controversial crypto wallet verification law. Dutch Bitcoin exchange platform, Bitonic, has filed a preliminary injunction at a Rotterdam court seeking the suspension of a wallet verification rule enacted by the central bank.Back in November 2019, De Nederlandsche Bank, or DNB, mandated crypto exchanges to ensure their users comply with stringent Know Your Customer protocols. These rules included verification steps for withdrawal wallets, which Bitonic called a nuisance.At the time, Bitonic was only one of....
Wildfire, a type of ransomware targeted at Dutch speakers, has been successfully defeated by the No More Ransom initiative, a project coordinated by the Netherlands Police, Europol, Intel and Kaspersky. This multinational collaboration aims to help victims of ransomware retrieve their encrypted files for free through the use of multiple decryption tools. ‘Wildfire’ Ransomware. Wildfire is a piece of ransomware, a type of malware that takes users’ files hostage and prevents them from being accessed. To save their files, victims must pay attackers, usually via bitcoin or gift cards. This....
Syscoin's emergency injunction against Moolah was granted by a UK High Court judge. On Friday, a UK judge granted Syscoin's emergency injunction against Moopay LTD and former Moolah CEO Ryan Kennedy (also known as Alex Green). The injunction bars Kennedy and Moolah from selling the 750 bitcoins Syscoin raised during its initial coin offering and entrusted to the company's escrow service. If Kennedy violates the injunction, he could face prison time. Also Read: Leaked Document Supports Theory that Moolah CEO Alex Green Changed Name. Syscoin Injunction Against Moolah Granted by UK Judge.....
Syscoin's emergency injunction against Moolah was granted by a UK High Court judge. Last week, a UK High Court judge granted Syscoin's emergency injunction against Moopay LTD and former CEO Ryan Kennedy (also known as Alex Green). On Monday, the High Court granted the final injunction and served it to Moolah. According to the Order, Moolah has until October 28 to return the 750 bitcoins Moolah was holding in escrow for Syscoin. Also Read: Bitcoin Exchange CEO Alex Green Exposes Himself as Scammer Ryan Kennedy. UK Judge Orders Bitcoin Exchange Moolah to Repay Syscoin's Escrow Fund. On....