Tagged: doj

November 24, 2023 @ 12:16 pm By Omar Faridi  |  

Tether, which claims to be one of the largest companies in the cryptocurrency industry, says that it continues its unwavering commitment “to combat illicit activities and provide support to victims through its assistance to, and support of, law enforcement agencies.” As the U.S. Department of… Read More

November 24, 2023 @ 10:59 am By Omar Faridi  |  

Former CEO and Binance founder Changpeng Zhao‘s (CZ) departure from the firm will trigger some short-term volatility in the cryptocurrency market, but crypto will “continue to thrive as more institutional money pours in,” predicts the CEO of an independent financial advisory, asset management and fintech… Read More

November 21, 2023 @ 9:04 am By Omar Faridi  |  

Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, announced that they have assisted the United States Department of Justice (DOJ) in an investigation that “led to Tether proactively and voluntarily freezing approximately 225 million in… Read More

November 1, 2023 @ 1:50 pm By JD Alois  |  

The Securities and Exchange Commission has charged SafeMoon LLC, founder Kyle Nagy, SafeMoon US LLC, its CEO John Karony, and CTO Thomas Smith, for fraud through the unregistered sale of a crypto asset security. Simultaneously, criminal charges were filed in the US Attorney’s Office for… Read More

October 26, 2023 @ 5:00 pm By JD Alois  |  

Senator Cynthia Lummis, along with Representative French Hill, have sent a letter to the US Department of Justice asking them to make a determination regarding the ongoing investigation into Binance, the largest crypto exchange in the world, along with the world’s largest stablecoin issuer Tether…. Read More

August 24, 2023 @ 11:35 am By JD Alois  |  

The founders of crypto mixer Tornado Cash have been hit with criminal charges from the US Department of Justice. The US Attorney for the Southern District of New York has filed charges of money laundering and sanction violations. Yesterday, an indictment was unsealed, charging Roman… Read More

July 13, 2023 @ 12:07 pm By JD Alois  |  

Alex Mashinsky Arrested Today. The founder and former CEO of Celsius Network, Alex Mashinsky, and the former Chief Revenue Officer of Celsius, Roni Cohen-Pavon have been charged by the US Department of Justice with defrauding customers and manipulating the market for the Celsius token. Celsius… Read More

June 10, 2023 @ 4:56 pm By JD Alois  |  

The US Department of Justice has charged two Russians, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, with the hacking of Mt. Gox. The crypto exchange was plundered in 2011 and ultimately collapsed. At the same time, the Russians have been charged with operating the BTC-e… Read More

April 4, 2023 @ 8:01 pm By JD Alois  |  

  Crypto Con: “Sha Zhu Pan” or pig butchering in Chinese Fraudsters and crooks tend to rehash their scams over time; the only thing that changes is the technology and tools utilized to separate money from the unsuspecting. Yesterday, the US Department of Justice (DOJ)… Read More

March 14, 2023 @ 11:41 am By JD Alois  |  

The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have launched investigations into Silicon Valley Bank’s (SVB) failure. Last Friday, federal regulators took over the bank as customers rushed to pull money out of the bank due to concerns about its… Read More

February 14, 2023 @ 3:11 pm By Omar Faridi  |  

More than $115 million in refunds are being “sent to consumers nationwide” as a result of a 2018 action the Federal Trade Commission and the U.S. Department of Justice brought against MoneyGram (NASDAQ: MGI) for “failing to crack down on scammers using their payment system.”… Read More

December 17, 2022 @ 2:19 pm By JD Alois  |  

  The trifecta of legal action against Sam Bankman-Fried and the failure of FTX blossomed this past week as the US Attorney for the Southern District of New York filed criminal charges against Bankman-Fried. These charges were joined by civil charges filed by both the… Read More

September 23, 2022 @ 6:00 pm By JD Alois  |  

The US Internal Revenue Service (IRS), the tax authority of the US, has received a Court Order to be able to summons records pertaining to US taxpayers who may have failed to report and pay taxes on crypto transactions. According to the Department of Justice… Read More

June 4, 2022 @ 2:53 pm By JD Alois  |  

This past week it was reported that the US Department of Justice had arrested and charged a former OpenSea employee with insider trading of NFTs or non-fungible tokens. The individual in question, Nathanial Chastain,  has been charged with wire fraud, and money laundering as he… Read More

May 15, 2022 @ 12:59 pm By JD Alois  |  

The Federal Bureau of Investigation (FBI) has arrested Eddy Alexandre, operator of the crypto and Forex trading platform EminiFX, regarding allegations of a $59 million fraud. According to the Department of Justice (DOJ), Alexandre allegedly committed commodities and wire fraud soliciting over $59 million from… Read More

May 12, 2022 @ 3:49 pm By JD Alois  |  

Jeremy Spence, aka Coin Signals, has received a judgment of 42 months in prison for defrauding over 170 investors. According to the US Department of Justice, Spence pled guilty with the sentence being handed down this past week. Charges were originally filed in early 2021… Read More

March 8, 2022 @ 3:03 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced fraud charges against John and JonAtina (Tina) Barksdale – a brother and sister team that allegedly pursued two fraudulent digital token offerings that garnered $124 million from retail investors. In a parallel action, the U.S. Attorney’s Office… Read More

November 8, 2021 @ 3:37 pm By JD Alois  |  

Alleged perpetrators of the ransomware attack on, Kaseya – an IT firm that helped systems administrators manage large networks, have been charged by the US Department of Justice for the attack. This case is part of the Department of Justice’s Ransomware and Digital Extortion Task… Read More

October 7, 2021 @ 7:51 pm By JD Alois  |  

The US Department of Justice has announced a new National Cryptocurrency Enforcement Team (NCET).  According to the DOJ, the NCET builds upon MLARS’s Digital Currency Initiative and will be informed by the Department’s Cryptocurrency Enforcement Framework, released in October 2020. The NCET will not only… Read More

June 17, 2021 @ 7:26 am By Omar Faridi  |  

On June 7, 2021, the US Department of Justice announced that they had managed to seize 63.69 BTC (valued at around $2.5 million) of the 75 BTC ransom Colonial Pipeline was forced to pay to DarkSide. This ransom recovery is notably the very first undertaken… Read More