Shin

Shin v. ICON Foundation

Good Law
United States District Court, Northern District of CaliforniaJune 28, 20233:20-cv-07363California2,553 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 MARK SHIN, Case No. 20-cv-07363-WHO

Plaintiff,

ORDER ON MOTION TO APPOINT

v. RECEIVER

ICON FOUNDATION, Re: Dkt. No. 120 Defendant.

12 This case arises from plaintiff and counter-defendant Mark Shin’s use of a software glitch to create millions of dollars’ worth of cryptocurrency tokens. The Federal Bureau of Investigations (“FBI”) seized from Shin cryptocurrency and fiat currency traceable to the tokens that he created, which are being held pending the completion of a criminal case against Shin in Colorado. Should Shin be acquitted or otherwise not convicted in the Colorado case, and the FBI be required to release those seized assets, defendant and counter-claimant the ICON Foundation (“the Foundation”) seeks an order that would require the FBI to either deliver them to a court- appointed receiver to hold or deposit them into the Court Registry during the pendency of this action. The motion is GRANTED.…

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