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DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest


The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.   In a recent legal filing, the US Trustee said it is objecting to the FTX decision due to two "overarching" reasons....

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices


After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As...

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe


Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding...

Coinbase & NYDFS to settle compliance investigation


The New York Department of Financial Services (NYDFS) has officially announced a consent order in which it will engage its efforts in unraveling factors supposedly overlooked in the case of the compliance program Coinbase. The factor included in this consent order is the levy of a penalty amounting...

US Department of Justice Launches Investigation Into $370 Million FTX Hack


As the US authorities continue their investigation into the sudden collapse of major crypto exchange FTX, federal prosecutors are probing an alleged hack that allowed cyber criminals to steal assets worth more than $370 million from the platform hours after it filed for bankruptcy. ... Read More:...

FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country


The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with...

Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack


A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch...

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