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Europol reports $19.5M in crypto seized in enforcement action against Bitzlato
23.1.2023
The operation conducted by authorities across Europe and the U.S. resulted in the arrest of 5 individuals linked to the exchange, including Bitzlato founder Anatoly Legkodymov
Why the Bitcoin Price Rally is Stalling on Mixed Rates and Growth Outlook, DOJ Action – But Will Climb Again
19.1.2023
The bitcoin price is up 0.4% at $20,910, recovering somewhat from a $1,000 plunge after a crypto exchange co-founder was arrested on Wednesday, and weak US data pointed to an economic hard landing.
Although there was good news on wholesale inflation in the US yesterday, the shock retail sales...
Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner
19.1.2023
Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role...
Genesis to Declare Bankruptcy Soon While DoJ to Announce Major International Crypto Enforcement Action - Bitcoin Drops
18.1.2023
Bloomberg reports that Genesis may be getting ready to declare bankruptcy. The troubled crypto lender has been under the shadow of insolvency for weeks, following the credit crisis that has hit the crypto industry.
Genesis was one of the largest lenders in the space, often acting as a third-party...
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
Justice Department to Announce Major International Crypto Enforcement Action
18.1.2023
The department will hold a press conference at noon Eastern Time
SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme
2.10.2022
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC....
'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal
9.9.2022
The SEC enforcement director said the commission "will continue to bring actions regardless of what label is used or technology is involved," including cryptocurrencies
UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’
13.3.2022
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating...
New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpoenas
21.2.2022
A recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed...
SEC Warns Against Interest-Bearing Crypto Accounts — Says They’re Riskier Than Bank Deposits
16.2.2022
The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms. SEC Warns About Risks...
First for SEC: Crypto Lending Platform Charged — Blockfi Agrees to Pay $100 Million in Penalties
15.2.2022
The U.S. Securities and Exchange Commission (SEC) has charged cryptocurrency lending platform Blockfi in a first-of-its-kind action. The crypto lender has agreed to pay $100 million to settle the charges and pursue necessary registrations. SEC Charges Crypto Lending Platform Blockfi The U.S....
CFTC Fines ‘Decentralized’ Prediction Market Platform Polymarket $1.4 Million, Shuts Down Noncompliant Markets
4.1.2022
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based...
IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year
22.11.2021
The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next...
Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed
29.9.2021
The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing to register.” CFTC Charges Kraken, Imposes...
‘SEC Will Stop at Nothing to Control Entire Crypto Space,’ Says Former Federal Prosecutor
9.9.2021
A former federal prosecutor says that the U.S. Securities and Exchange Commission (SEC) “will stop at nothing to control the entire crypto space.” The SEC has now threatened to sue the Nasdaq-listed crypto exchange Coinbase. The regulator is already in an ongoing lawsuit with Ripple...
$2 Billion Crypto Fraud Bitconnect and Founder Charged — Director Pleads Guilty to Criminal Charges
3.9.2021
The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. “The Bitconnect scheme is believed to be the largest cryptocurrency fraud...
Commissioner Criticizes SEC for Taking Enforcement-Centric Approach to Crypto Regulation
11.8.2021
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner...
US SEC Shuts Down $30 Million Defi Money Market in First Decentralized Finance Bust
8.8.2021
The U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action involving decentralized finance (defi). The commission has charged a defi platform and its executives for unregistered securities sales of more than $30 million and misleading investors. SEC’s...
SEC claims first enforcement action in $30M fraud case involving DeFi project
6.8.2021
"The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back," said the SEC