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Justice Department Investigating TerraUSD Stablecoin Collapse: Reports
13.3.2023
The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month
Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty
10.3.2023
The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S. Department of Justice (DOJ) detailed. Airbit...
US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme
6.3.2023
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to...
US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access
5.3.2023
The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried...
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
3.3.2023
MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025
Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions
27.2.2023
Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its purchase for devaluation shielding purposes,...
Brit who consulted North Korea on crypto reportedly detained in Moscow
21.2.2023
Earlier, Christopher Emms was released by Saudi authorities due to the lack of evidence against him
Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help
18.2.2023
Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the biggest crypto seizure Norwegian police have ever...
Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices Following VPN Use for Football Streaming
17.2.2023
Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices. It has been revealed that SBF used a virtual private network (VPN) to watch the Super Bowl through a foreign subscription service...
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...
House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest
12.2.2023
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried...
Robinhood board gives nod to buy Sam Bankman-Fried's $578M stake
9.2.2023
The shares were bought by FTX founder Sam Bankman-Fried and co-founder Gary Wang last year and have been tussled over since the collapse of FTX
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
7.2.2023
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures...
DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case
3.2.2023
Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S. Trustee appointed by the Department of Justice has filed an opposition to the request. The U.S. Trustee explained that the motion would duplicate the efforts of the federally...
US Authorities Charge Mango Markets Attacker — Defendant Arrested, Detained in Puerto Rico
23.1.2023
The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained...
The Department of Justice charges the founder of Bitzlato with the unlicensed money transmitting
19.1.2023
The US Department of Justice has arrested and charged Anatoly Legkodymov for transmitting money without any license. If convicted, Anatoly Legkodymov faces a prison time of up to 5 years. Bitzlato is now in the news after its founder was mentioned in the press release of the Justice Department....
Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action
18.1.2023
The Hong Kong crypto exchange with strong ties to Russia was a blip on Chainalysis’ radar last year; its takedown was seen as anticlimactic by many in the crypto community
US authorities seize crypto website Bitzlato as part of international enforcement action
18.1.2023
U.S. Department of Justice to announce enforcement action against Bitzlato exchange
Ex-Coinbase Manager’s Brother Sentenced to Prison in Crypto Insider Trading Case
12.1.2023
A former Coinbase employee’s brother has been sentenced to 10 months in prison in what the U.S. Department of Justice (DOJ) called a “groundbreaking cryptocurrency insider trading case.” ‘Groundbreaking’ Crypto Insider Trading Case The U.S. Department of Justice (DOJ)...
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors
11.1.2023
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ) described, adding that millions of dollars...