Tagged: us department of justice

October 5, 2022 @ 12:30 pm By JD Alois  |  

Representative Patrick McHenry, ranking Republican on the House Financial Services Committee, along with Representative French Hill and members of the Republican Digital Asset Working Group, have sent a letter to the US Department of Justice requesting an assessment on whether or not legislation is needed… Read More

September 22, 2022 @ 10:58 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a civil injunctive action against James Arthur McDonald, Jr. The SEC noted that McDonald was previously a guest commentator for CNBC – the leading financial news network. The charges were filed against McDonald and his SEC-registered investment… Read More

September 14, 2022 @ 10:48 am By JD Alois  |  

On Monday, the US Department of Justice announced it had received a guilty plea from the “first-ever cryptocurrency insider trading case.” Originally covered this past July, the Securities and Exchange Commission (SEC) simultaneously filed insider trading charges along with the U.S. Attorney’s Office for the… Read More

August 3, 2022 @ 5:29 pm By JD Alois  |  

The first case of prosecuted insider trading in crypto took an interesting twist this week as the former Coinbase (Nasdaq:COIN) manager accused of abusing his position at the company to trade in advance of news has pleaded guilty to the charges of insider trading. According… Read More

July 21, 2022 @ 8:32 pm By JD Alois  |  

As was reported earlier today, the Securities and Exchange Commission (SEC) has filed charges in regards to a former Coinbase manager and allegations of insider trading that involved two other perpetrators. The SEC noted that criminal charges have been simultaneously filed in the Southern District… Read More

June 2, 2022 @ 10:55 am By JD Alois  |  

A former employee of OpenSea (Ozone Networks, Inc.) has been arrested and charged with the first-ever digital asset insider trading scheme, according to the US Department of Justice (DOJ). Nathanial Chastain a former Product Manager at OpenSea has been charged with wire fraud, and money… Read More

April 28, 2022 @ 9:35 am By JD Alois  |  

The Securities and Exchange Commission has issued charges against Block Bits Capital, LLC, Block Bits Capital GP I, LLC, and the co-founders Japheth Dillman and David Mata, alleging fraudulent offering of unregistered securities. Block Bits along with Dillman and Mata, apparently raised about $1 million… Read More

February 17, 2022 @ 2:57 pm By JD Alois  |  

The US Department of Justice has announced the selection of Eun Young Choi as the first Director of the National Cryptocurrency Enforcement Team (NCET). The new division at Justice is in recognition of the growth of the digital asset sector as well as the need… Read More

November 21, 2021 @ 4:24 pm By Omar Faridi  |  

The team at Blockstream notes in a report that Bitcoin is on track for its worst weekly drop in over 6 months. Blocktream writes in a blog post that declines this past week looked to be driven by “continued deleveraging and perhaps also exacerbated by… 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 12, 2021 @ 3:11 pm By Tony Zerucha  |  

Tinkoff Bank has been added to the Bank of Russia’s list of 13 systemically important lenders, the institution said this week. They said the decision was based on such factors as higher than average business growth and an extensive customer base. The move comes days… 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

July 26, 2021 @ 9:49 am By JD Alois  |  

Tether, the largest stablecoin by market cap, is said to be a target of a criminal investigation in the US. According to a report in Bloomberg, the US Department of Justice is investigating whether, or not, executives committed bank fraud. Rumblings have long swirled around… Read More

June 8, 2021 @ 8:53 am By JD Alois  |  

The Colonial Pipeline ransomware attack caused incredible disruptions to the US economy costing businesses and consumers millions of dollars in lost productivity. As the price of gas rose, and people queued up at stations waiting on the dwindling supply due to the malfeasance, the perpetrators,… Read More

May 13, 2021 @ 4:01 pm By JD Alois  |  

Binance, the world’s largest crypto exchange is said to be under investigation by the US Department of Justice and the Internal Revenue Service (IRS). According to Bloomberg, government officials are digging into possible money laundering and tax infractions. The report cited individuals with knowledge of… Read More

March 30, 2021 @ 11:00 am By Ariel Glasner and Amit Roitman  |  

President Joe Biden’s young administration is poised to deliver heightened – and perhaps unprecedented – regulatory scrutiny of the exploding Fintech industry.  The groundwork for a more active regulatory regime has been set over the course of the past decade.  Prior administrations harnessed existing enforcement… Read More

February 17, 2021 @ 3:58 pm By JD Alois  |  

The US Department of Justice has announced an indictment of three North Korean hackers said to be involved with the Korean military regarding   to cyberattacks and financial including theft of money and cryptocurrency.  The indictment is an expansion of a 2018 case outlining similar nefarious… Read More

January 13, 2021 @ 12:27 pm By JD Alois  |  

The US Department of  Justice has announced that Visa’s acquisition of Plaid, an open banking Fintech, has been called off. The decision to abandon the $5.3 billion acquisition was due to a civil antitrust lawsuit filed on Nov. 5, 2020, to stop the merger. The DOJ… Read More

January 13, 2021 @ 12:07 pm By JD Alois  |  

The US Department of Justice has announced that Rossen G. Iossifov, 53, formerly of Bulgaria, has been sentenced to 121 months in prison for money laundering via RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria. Under federal law, Iossifov must serve 85 percent of… Read More

March 24, 2020 @ 2:25 pm By JD Alois  |  

The alleged fraudsters involved in the BitClub $722 million crypto fraud are looking to be released from the county jail over fears of the COVID-19 pandemic. In December of 2019, the US Justice Department announced the indictment of three individuals. Matthew Brent Goettsche, 37, of… Read More