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Shin v. ICON Foundation
Case Number:
3:20-cv-07363
Court:
Nature of Suit:
Judge:
Firms
Sectors & Industries:
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April 18, 2025
How Manatt Beat A Crypto Trader's 'Code As Law' Defense
After a crypto user exploited a software bug to create millions of dollars' worth of new tokens from a blockchain network, a Manatt Phelps & Phillips LLP team defeated his claim to the tokens — and won an award worth millions — by showing that faulty code can't stand in for rule of law.
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March 04, 2025
Blockchain Org. Wins $3.5M Fees From Trader's Seized Assets
Crypto project the ICON Foundation is set to receive $3.5 million in attorney fees and costs after it successfully turned the tables on a user who sued the project after it took action to freeze millions of tokens he created by exploiting a bug in the project's software.
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August 10, 2021
Suit Over Blockchain Property Rights Survives Dismissal Bid
A cryptocurrency enthusiast who took advantage of a bug in a blockchain organization's code to mint millions of tokens can pursue claims that he is entitled to the tokens, a California federal judge found, saying the case raises novel questions about digital property.