Singapore High Court Injunction Blocks Sale or Transfer of BAYC #2162 NFT
The Singapore High Court has granted a court injunction which stops or blocks the sale of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that one man claims was wrongfully taken away from him. NFT Used as Collateral A Singapore man has won a court injunction that blocks the sale or potential transfer of a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) that he claims to be rightfully his. According to a report, the NFT is currently in the possession of an online lender named Chefpierre. The man, who has been identified by the Strait Times (ST) as Janesh....
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Moopay LTD and ex-CEO Alex Green have been ordered by a UK court to hand over 750 BTC to the team that developed the syscoin cryptocurrency. The final injunction, issued by the High Court in London, was granted in response to a request from UK-based law firm Selachii LLP on behalf of syscoin. Moopay, known commonly as Moolah, and Green had been holding the money for the developers and have now been ordered to repay the 750 BTC before 16:00 (GMT) tomorrow. The move follows an emergency injunction granted on Friday by the High Court. At the time, the team's legal counsel advised the court....
The altcoin community has often been rocked by scandals and platform crises, and the past two weeks have been no exception. Despite the controversies and occasional market panics, however, project development soldiers on, aspiring toward ever more lofty goals in the face of this adversity. Emergency injunction granted against Moolah. The syscoin development team released a legal update in its ongoing battle for custody over the remainder of the 1,500 BTC it raised during a crowdsale managed by Moopay LTD, the embattled digital currency services company at the center of a scandal....
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....
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.....
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo.
Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo
The Singapore High Court has granted the parent company of crypto lender Vauld, Defi Payments Ltd., a three-month protection from creditors, Bloomberg reported, noting this would allow Vauld to restructure and prepare for a potential acquisition by competitor Nexo, a....