Tagged: us department of justice

Hacker Who Commandered SEC’s X Account and Then Posted About Bitcoin, Enters Guilty Plea

In January 2024, the then Chairman of the Securities and Exchange Commission (SEC) had his X account hacked. The individual who commandeered the account used his access to announce the approval of Bitcoin ETFs, impersonating Chair Gary Gensler – one day before the SEC intended… Read More

Estonian Nationals Plead Guilty in $577M Crypto Fraud Scheme

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Two Estonian nationals have reportedly pleaded guilty to an alleged $577M cryptocurrency fraud scheme. The scheme is said to have victimized hundreds of thousands of people in the United States and abroad. As stated in the announcement, two Estonian nationals pleaded guilty for their operation… Read More

Fintech Dave Issues Statement in Response to Amended FTC Complaint, Shares Update on ExtraCash Fee Structure

The Department of Justice (DOJ), on behalf of the Federal Trade Commission (FTC), filed an amended complaint in its lawsuit against Dave Inc. (Nasdaq: DAVE) on December 30, 2024. According to an update from Fintech firm Dave, this is “not a new lawsuit, and it… Read More

US Department of Justice Files Complaint Against Fintech Firm Dave, CEO Jason Wilk Alleging “Deceptive” Practices in Violation of Federal Law

The US Department of Justice (DOJ), together with the Federal Trade Commission (FTC), announced a civil enforcement action against Dave Inc. and its co-founder, President, Chief Executive Officer, and Chairman of the Board of Directors, Jason Wilk, for alleged violations of the FTC Act and… Read More

Visa Sued by DOJ, Accused of Operating a Monopoly in Debit Markets

The US Justice Department has filed a civil suit in federal court alleging that Visa (NYSE:V) is monopolizing debit network markets in violation of the Sherman Act. The DOJ claims that Visa is using its dominance to thwart competition and impede innovations. The DOJ complaint… Read More

Tether Reportedly Assists DOJ in Criminal Investigation, Victim Recovery

Tether, which claims to be among the largest companies in the digital asset industry, reaffirms its commitment to combat illicit activities, “stop illegal use of stablecoin technology, and provide support to victims through its assistance to, and support of, law enforcement agencies globally.” As the… Read More

DOJ: Crypto Exchange BitMEX Pleads Guilty to Bank Secrecy Act Offense, BitMEX Says Its Old News

Global cryptocurrency exchange BitMEX has pleaded guilty to a Bank Secrecy Act offense, according to the US Department of Justice (DOJ). BitMEX willfully “flouted” U.S. Anti-Money Laundering (AML) laws, claims the DOJ. Damian Williams, the United States Attorney for the Southern District of New York,… Read More

DOJ: Two Brothers Arrested for Allegedly Attacking Ethereum (ETH) Blockchain, Stealing $25M in Crypto

A US Department of Justice (DOJ) indictment was unsealed, charging Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. The charges in the indictment arise “from an alleged… Read More

Bitcoin Jesus: Roger Ver Charged by DOJ with Tax Fraud

Roger Ver, aka Bitcoin Jesus, has been charged with tax fraud. According to a statement by the US Department of Justice, Ver was arrested this weekend in Spain. He has been charged with mail fraud, tax evasion and filing false tax returns. Ver had acquired… Read More

Binance Founder Changpeng Zhao or “CZ” Gets Sentenced to Four Months in Prison

Binance founder and former CEO Changpeng Zhao (CZ) was sentenced to four months in prison last November after pleading guilty. Zhao was also required to pay a $50 million penalty. According to WSJ.com, Zhao told the court he was sorry for his behavior and regretted… Read More

Crypto Mixer: zkSNACKs Blocks US Users From Mixing Service, Wasabi Wallet

Crypto mixer zkSNACKs and Wasabi Wallet service is now blocking US citizens from using its service. Crypto mixers have gained the ire of the US Department of Treasury, which believes that they are frequently used by bad actors to cover their tracks for nefarious activities…. Read More

US DOJ Announces Arrest of Samourai Wallet Co-Founders Who Are Charged with Money Laundering

Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that reportedly executed over $2 billion in unlawful transactions and allegedly “laundered over $100 million in criminal proceeds.” Damian Williams, the United States Attorney for the Southern District… Read More

US DOJ Seeks 3-Year Prison Sentence for Binance Founder Changpeng Zhao

Zhao Changpeng

The United States Department of Justice is reportedly seeking a 36-month prison sentence for Binance founder and former CEO Changpeng Zhao, or “CZ.” US prosecutors are said to be seeking a potential 3-year prison sentence for Changpeng Zhao, who is the founder Binance, the world’s… Read More

Mango Markets Exploiter Found Guilty of Fraudulently Obtaining $110M in Crypto by Manipulating Perpetual Futures Contracts

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

The United States Justice Department is reporting its first cryptocurrency open-market manipulation case. A federal jury in New York has now “convicted a man residing in Puerto Rico of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation on the Mango… Read More

Tether Says it Helped the Feds Regarding Tech Scam

Tether, the largest stablecoin issuer in the world (USDT), says it helped Uncle Sam battle an alleged tech scam. Tether says that it assisted the Feds in seizing $1.4 million in stolen funds from a fraud. The company said this highlights its commitment to fighting… Read More

Crypto Exchange FTX’s “Missing” $400M Was Allegedly Stolen via SIM-Swapping Attacks, DOJ Claims

The US Department of Justice (DOJ) has reportedly unsealed indictments that have been made against three people for allegedly stealing more than $400 million from the bankrupt crypto exchange FTX. These three individuals had allegedly carried out a sophisticated SIM-swapping technique in order to gain… Read More

DOJ: HyperFund Founder, Promoters Each Face Up to 5 Years Imprisonment for $1.89 Billion Crypto Fraud

As was reported yesterday the founders and promoters of Hyperfund, an alleged $1.89 billion crypto fraud, face both a civil action by the Securities and Exchange Commission as well as criminal charges brought by the US Department of Justice. Sam Lee has been charged in… Read More

Tether Assists US DOJ, Secret Service in Criminal Investigations, Victim Recovery

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

Binance to Pay $4.3 Billion Penalty to Settle DOJ Charges, Founder Changpeng Zhao to Exit Business

Binance, the largest crypto exchange in the world, has cut a deal with the US Department of Justice (DOJ) that appears to allow Binance to stay in operation. According to multiple reports, Binance will pay a hefty $4.3 billion penalty and plead guilty to charges,… Read More

Following Investigations by Tether, OKX, US DoJ, $225M in “Stolen” USDT Now Frozen, Funds “Linked” to Crime Syndicate

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

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