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Tether Aids DOJ in Seizing $6M in Assets Tied to Crypto Scams
30.9.2024
Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering...
FBI Seizes $6M in Crypto From Southeast Asian Scammers
28.9.2024
U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency platforms. The Department of Justice (DOJ) and the Federal...
‘Wealthiest US prisoner’: How did Binance founder CZ get there?
27.9.2024
Binance founder and former CEO Changpeng “CZ” Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion
Binance founder CZ walks free from US prison
27.9.2024
He served four-months in federal prison for charges including alleged violations of US anti-money laundering (AML) rules
US Authorities Bust Billion-Dollar Crypto Laundering Network, Charge 2 Russians
27.9.2024
Two Russian nationals have been charged with running a massive money laundering network that processed billions through cryptocurrency exchanges, the U.S. Department of Justice (DOJ) announced. These exchanges, including Cryptex and Joker’s Stash, enabled criminals to bypass regulations and funnel...
Terror victims claim DOJ withholding their cut of $4.3B Binance penalty
26.9.2024
Four people who are victims or family of victims of state terrorism sued the Justice Department claiming it hasn't put the billions from Binance's settlement into a victim fund
DOJ sues Visa over alleged payments monopoly
24.9.2024
The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.
DOJ sues Visa over alleged payments monopoly
24.9.2024
The lawsuit alleges that Visa purposely made it difficult for competitors to participate in the payments market
US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme
21.9.2024
A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment...
US Sentences 12 in $3.5 Million Cryptocurrency Heist Involving Violent Home Invasions
15.9.2024
The U.S. Department of Justice (DOJ) has sentenced 12 individuals for a series of violent home invasions aimed at stealing over $3.5 million in cryptocurrency. The group’s leader received 47 years in prison, while his accomplice was sentenced to 20 years. “The victims were held...
Bitcoin Investor Faces Prison Time for Underreporting Crypto Gains
15.9.2024
A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions...
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
12.9.2024
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of...
Robinhood Fined $3.9 Million Over Crypto Withdrawal Restrictions in California
5.9.2024
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against...
Robinhood to settle $3.9 Million penalty with California DOJ
5.9.2024
Users encountered a single, common issue with Robinhood between 2018 and 2022. That was a crypto withdrawal. They…
Robinhood reaches $3.9M settlement over blocked crypto withdrawals
5.9.2024
Robinhood Crypto LLC has agreed to pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts between 2018 and 2022.
Nvidia denies receiving DOJ antitrust subpoena
5.9.2024
Nvidia shares saw a slight after-hours bump as the chipmaker denied a report that it received a Justice Department antitrust probe
Washington Man Faces Charges in $64 Million Crypto Laundering Scheme
31.8.2024
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum...
Man Faces 20-Year Prison Sentence in Crypto Money Laundering Case
23.8.2024
A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and...
Kim Dotcom’s Extradition to US Approved by New Zealand Justice Minister
15.8.2024
Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and expressed his affection for New Zealand. He is accused...
DOJ recommends harsher sentences AI-enhanced crimes
7.8.2024
Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon