justice
US Department of Justice Releases Cryptocurrency Enforcement Framework
The US Department of Justice (DOJ) has released a cryptocurrency enforcement framework, which offers a comprehensive overview of the emerging threats in the crypto space.
US Justice Department Charges John McAfee with Cryptocurrency Fraud
Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.
US Department of Justice Works with International Agencies to Crack Down NetWalker Ransomware
The US Department of Justice has led international efforts that have seen half a million dollars in cryptocurrency seized from the NetWalker ransomware group.
Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach
Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.
FTX secretly lent Alameda Research $65B
Environmentalists sued the New York Public Service Commission (PSC) on Jan. 13 for allowing the takeover of a bitcoin mining plant. Plaintiff's argument that approval breaches 2019 New York climate legislation. The Climate Leadership and Community Protection Act aims to reduce 85% of statewide emissions by 2050 and achieve zero-emissions power by 2040, among other goals.
Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain
Oregon's federal grand jury indicted Forsage's founders. "Global Ponzi and pyramid scam" investors lost $340 million on the site.
Randall Crater, Founder of "My Big Coin" Sentenced
A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.
U.S. District Judge Kevin Castel Grants Request to Defer civil cases
On Feb. 13, Manhattan District Judge Kevin Castel granted the applications to suspend the civil proceedings "without prejudice" until the DOJ's trial against SBF begins.
Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
Virginia Tech study reveals ChatGPT's limitations in providing local-specific info on environmental justice, highlighting geographic biases.
Decentralized Hackers 'Anonymous' Promise Retribution for George Floyd, Will Expose Minneapolis Police Record of Systemic Racism
Hacktivist group ‘Anonymous’ has promised retribution against the Minneapolis Police Department (MPD) for the death of George Floyd last week.
Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions
An American citizen is sentenced to 63 months in jail by U.S. District Judge for allegedly helping individuals in the DPRK (North Korea) to evade sanctions imposed by the U.S.
Breaking: Binance Sells Russian Operations to CommEX, Exits Market
Binance has announced the sale of its entire Russia business to CommEX, citing compliance issues as the primary reason for the exit. The transition process for existing Russian users is expected to take up to one year, with no financial strings attached to the deal for Binance.
Signature Bank Under Investigation by US Government Bodies
Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was closed on March 12 as part of a series of bank closures that also included Silvergate Capital and Silicon Valley Bank.
FTX Founder's Lawyers Consider Delaying Criminal Trial
Lawyers representing FTX founder Sam Bankman-Fried have hinted that they may need to delay his criminal trial due to a lack of evidence from the Department of Justice (DOJ). The trial, which is scheduled to begin on October 2, will focus on fraud charges against Bankman-Fried. His lawyers have stated that they are still waiting for a "substantial portion" of evidence to be handed over to them, including evidence from devices belonging to former FTX employees who have pleaded guilty to fraud charges.
US DOJ Launches National Crypto Enforcement Team
The US DOJ has unveiled establishing a National Cryptocurrency Enforcement Team (NCET), a law enforcement task force fighting crypto crime.
He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
In a public letter, He Yi, Co-founder of Binance, discusses the company's compliance strategy, which gains significance amidst a U.S. Department of Justice inquiry initiated on May 6, 2023, 13 SEC charges, and the company's recent exit from the Russian market.
DOJ Targets SBF's Jets for Forfeiture
Samuel Bankman-Fried, also known as "SBF," faces the possibility of asset forfeiture, including two luxury jets, as per a filing by the U.S. Department of Justice (DOJ) dated October 4, 2023. The forfeiture is linked to multiple charges against Bankman-Fried, who is currently on trial. The aircraft in question are embroiled in an ownership dispute involving the U.S. government, FTX, and Island Air Capital.
US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme
US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.
Indian Supreme Court Rejects Crypto Petition: Legislative Nature Emphasized
The Indian Supreme Court's decision not to accept a PIL for cryptocurrency regulation underscores the legislative nature of such regulations and the ongoing regulatory uncertainty in the crypto sector.
Chief Justice Roberts Calls for Caution with AI in Legal Field
Chief Justice John Roberts advocates for legal caution in utilizing AI due to privacy and human judgment concerns, proposing rules for lawyers to verify the accuracy of AI-generated court papers.
OPNX to Launch FatManTerra Justice Token, Airdropping to LUNC and LUNA Holders
OPNX has announced the imminent launch of the FatManTerra Justice Token. This move comes in response to the commencement of legal proceedings against FatManTerra by several parties.
Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.
BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
BlockFi will show assets, obligations, and pre-bankruptcy payments. After its first bankruptcy hearing in November, the business contacted 106 buyers. The U.S. Department of Justice confiscated over 55 million Robinhood shares worth $450 million. BlockFi claimed shares.
Silvergate Bank Probed by DOJ for Ties to FTX Exchange
Prosecutors are investigating Silvergate's Alameda accounts.
Binance Expects Fines in U.S. Investigations
Binance intends to pay U.S. authorities for past compliance inquiries and crimes.
A British National Charged With Aiding North Korea in Violating US sanctions
Despite the DoJ's crypto financial sanctions targeting Russia, local authorities helped their American colleagues.
Police Arrests 2 Suspects Involved in 2016 Bitfinex Hack
U.S. authorities have arrested a Manhattan-based couple identified as Lichtenstein and Morgan, suspected to be a part of the masterminds behind the 2016 Bitfinex exchange hack.
Voyager Digital Subpoenas FTX Executives
Kirkland & Ellis, Voyager Digital's attorneys, subpoenaed FTX co-founders Sam Bankman-Fried and Gary Wang, former Alameda Research CEO Caroline Ellis, and FTX executive Ramnik Arora for DOJ and SEC case papers.
US Officials Seized $460M In Robinhood Shares Related To FTX
Robinhood shares tied to FTX were confiscated by the U.S. Department of Justice for over $400 million. Sam Bankman-Fried denied eight felony charges, including wire, securities, and campaign financing offenses. Since December, the former FTX CEO has been housebound at his parents' California home.
Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets
Victims of BitConnect fraud scheme have a reason to smile about after a court order granted the sale of cryptocurrencies accrued from the scam.
Eddy Alexandre Pleads Guilty to Commodities Fraud
After pleading guilty to stealing $248 million from investors, EminiFX CEO Eddy Alexandre might serve 10 years in jail.
US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.
US Department of Justice Shuts Down Pornography Site That Sells Child Pornography For Bitcoin
A charge was brought upon a South Korean citizen named Jong Woo Son and other hundreds of individuals in different countries to have been operating the world's largest child sexual exploitation website by volume of content using bitcoin as a means of exchange.
US Seizes $24M in Cryptocurrencies Tied to Brazilian Investment Fraud Probe
The US Department of Justice has seized $24 million in cryptocurrencies following investigations linked to online investment fraud.
Pakistani Judge Challenges Federal Authorities Over Cryptocurrency Ban
Justice Muhammad Iqbal Kalhoro of the Sindh High Court (SHC) has challenged the State Bank of Pakistan's ban on cryptocurrencies in 2018.
Origin Protocol Puts $1 Million Bounty on Hacker As OUSD Stablecoin Loses Stability
Origin has now announced a $1 million bounty reward for anyone who can bring the hacker responsible for destabilizing its stablecoin to justice.
US Files Lawsuit to Recover Cryptocurrency Accounts Linked to North Korean Hacking Operation
The US Department of Justice has filed a suit against North Korean state-sponsored cyber hackers for allegedly perpetrating two major cryptocurrency heists.
United States DoJ Files to Freeze Assets of OneCoin Money Launderer and Recoup $400 Million
The United States Department of Justice has filed to freeze the assets of OneCoin Money Launderer Mark Scott, and Recoup $400 Million.
Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ
The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.
DOJ Extradites Bitcoin Thief From Cyprus Along With Hezbollah Terrorist
The US Department of Justice has extradited two criminals from Cyprus—one with known connections to terrorism and the other on suspicion of stealing thousands in Bitcoin.