Gyeonggi seizes 6.1 billion won of crypto from 1,661 investors for unpaid fines

Sep 21, 2021 23:58 pm UTC| Digital Currency Law

The South Korean province of Gyeonggi seized cryptocurrencies worth 6.1 billion won ($5.14 million) from 1,661 investors due to the more than $12 million in unpaid fines. Before the seizure, Gyeonggi investigated 29,656...

Customer sues AT&T for security breach that led to cryptocurrency theft

Sep 21, 2021 23:58 pm UTC| Law Digital Currency

A customer sued ATT alleging that it failed to provide appropriate security to prevent unauthorized access to its customer wireless accounts that resulted in the theft of 159.8 ethereum tokens. Jamarquis Etheridge, an...

Coinbase drops crypto lending program due to SEC's lawsuit threat

Sep 21, 2021 23:43 pm UTC| Law Digital Currency Economy

Coinbase dropped its plan to launch a lending program after the US Securities and Exchange Commission (SEC) threatened it with a lawsuit The Nasdaq-listed cryptocurrency exchange said that as it continues to seek...

Crypto investor sues Apple for offering malicious app that led to cryptocurrency theft

Sep 20, 2021 23:41 pm UTC| Law Digital Currency Economy

A crypto investor has sued Apple Inc. for offering a malicious application dubbed Toast Plus in its App Store that led to the theft of her 474 XRP cryptocurrencies. Maryland resident Hadona Diep, a full-time...

S. Korea's Firstface gets US court's nod in Touch ID patent dispute with Apple

Sep 18, 2021 23:52 pm UTC| Law Economy Technology

A US federal appeals court upheld the validity of two of the three Touch ID technology patents owned by South Koreas Firstface Co. in its dispute against Apple Inc. The technology was featured by iPhone 5S and...

FSS to appeal Seoul court decision favoring Woori chairman

Sep 18, 2021 23:26 pm UTC| Law Economy

The Financial Supervisory Service will appeal a Seoul court decision that nullified its penalty on the current Woori Financial Group Chairman Sohn Tae-seung for the misselling of high-risk funds. The Seoul...

Boston Beer sued by investors for misleading statements on seltzer biz

Sep 17, 2021 23:09 pm UTC| Law Economy

Investors are suing Boston Beer Co. for misrepresenting the sales performance of its seltzer product line, which includes Angry Orchard Hard Seltzer and Truly Hard Seltzer. At least three law firms have sued Boston...