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Wall Street Bitcoin Miner CEO's $2M Casino Gamble Ends in Federal Indictment

  • Former BIT Mining CEO faces federal charges for orchestrating a $1.9 million bribery scheme targeting Japanese officials.
  • The BTC mining company has agreed to pay $14 million in penalties and entered a three-year deferred prosecution agreement.
Tuesday, 19/11/2024 | 08:09 GMT by Damian Chmiel
CryptoCurrency

US Charges Two Russian Nationals in Money Laundering Scheme Involving Crypto Exchanges

  • DOJ, in partnership with international partners, seized domain names connected to illegal crypto exchange operations.
  • One individual is accused of laundering over $1.15 billion through crypto transactions.
Thursday, 26/09/2024 | 21:27 GMT by Jared Kirui
CryptoCurrency

Federal Prosecutors Charge Samurai Wallet Founders with Money Laundering

  • Samurai Wallet founders allegedly conspired to launder over $100 million.
  • The wallet's website has been seized, and a seizure warrant has been issued for its mobile application.
Thursday, 25/04/2024 | 08:31 GMT by Tareq Sikder
CryptoCurrency

KuCoin and Founders Face US Prosecution over Alleged AML Violations

  • The firm served 30 million customers without KYC or AML programs until 2023.
  • The indictment has alleged that over $3.2 million in crypto was received from Tornado Cash.
Tuesday, 26/03/2024 | 16:16 GMT by Tareq Sikder
CryptoCurrency

US Charges Belarusian-Cypriot National for Operating Unlicensed Crypto Exchange

  • BTC-e allegedly facilitated global criminal activities through Bitcoin transactions.
  • The platform's servers in the US were reportedly central to the cybercrime operation.
Thursday, 01/02/2024 | 20:13 GMT by Jared Kirui
CryptoCurrency

Binance and Zhao Navigate Legal Waters: Responding to SEC's DOJ Integration

  • Binance Opposes SEC's Inclusion of $4.3 Billion Guilty Plea, Citing Procedural Errors.
  • On June 5, 2023, it faced accusations of mishandling assets and violating laws.
Wednesday, 13/12/2023 | 10:54 GMT by Tareq Sikder
CryptoCurrency

Crytpo AI-Powered Profit Promise Leads to $25M Fraud Indictment

  • Two men are charged for a cryptocurrency Ponzi scheme.
  • They promised high-yield profits using AI but misused funds for luxury expenses.
Wednesday, 13/12/2023 | 08:24 GMT by Damian Chmiel
CryptoCurrency

Binance's Former CEO Faces Sentencing: US DOJ Addresses Flight Risk Concerns

  • The Justice Department argues that CZ should stay in the US until sentencing.
  • The DOJ has opposed the decision to allow CZ to travel to the UAE.
Monday, 27/11/2023 | 15:47 GMT by Jared Kirui
CryptoCurrency

DoJ Seeks $4 Billion from Binance; CEO Zhao Might Face Criminal Charges

  • The penalty is to settle a year-long investigation against the exchange.
  • Binance is also fighting civil lawsuits against two US financial market regulators.
Tuesday, 21/11/2023 | 07:57 GMT by Arnab Shome
Retail FX

Serbian Man Faces 20 Years of Time for 20 Sham Trading Platforms

  • Over $70 million was stolen in fraudulent trading schemes.
  • The fraudster offered investments in cryptocurrencies and binary options.
Sunday, 05/11/2023 | 13:50 GMT by Damian Chmiel
CryptoCurrency

SafeMoon Executives Hit with SEC Charges for Alleged "Massive Fraudulent Scheme"

  • The regulator is accusing SafeMoon's team of unregistered sale of SFM tokens.
  • SFM price surged over 55,000 percent in 2021.
Wednesday, 01/11/2023 | 21:19 GMT by Jared Kirui
CryptoCurrency

Sam Bankman-Fried's Legal Battle Begins: Inside the $8 Billion Trial

  • The trial reveals alleged misappropriation of customers' funds, leading to the collapse of FTX.
  • Bankman-Fried's empire unraveled last year, marking one of the biggest financial frauds in US history.
Tuesday, 03/10/2023 | 13:59 GMT by Jared Kirui
CryptoCurrency

Sam Bankman-Fried Seeks to Limit Government Witnesses in FTX Trial

  • Remote testimony proposal for Ukrainian FTX customer sparks controversy.
  • Speculation mounts over potential co-conspirator testimonies.
Tuesday, 03/10/2023 | 11:33 GMT by Tareq Sikder
News

US Prosecutors Oppose Temporary Release Request by Sam Bankman-Fried

  • Prosecutors cite legal insufficiencies in release request.
  • Upcoming hearing determines detention status.
Thursday, 28/09/2023 | 06:51 GMT by Tareq Sikder
CryptoCurrency

Ex-Deutsche Banker Faces up to 30 Years for Crypto Investment Fraud

  • Russell faces up to 30 years in prison after admitting to defrauding R3 Crypto Fund clients.
  • In addition to the crypto scam, he pleaded guilty to identity theft.
Wednesday, 20/09/2023 | 08:45 GMT by Damian Chmiel
CryptoCurrency

US DOJ Opposes Sam Bankman-Fried’s Claims on Evidence

  • The lawyers representing FTX's Founder want evidence gathered after July 1 to be inadmissible.
  • However, the DOJ said the lawyers have had access to the discovery materials for months.
Tuesday, 29/08/2023 | 22:25 GMT by Solomon Oladipupo
Institutional FX

UBS to Shell Out $1.4B over Fraud Claims Related to 2008 Financial Crisis

  • The Swiss bank giant did not admit to any wrongdoing.
  • The DOJ previously settled with other top banks, such as Nomura, RBS and Barclays.
Monday, 14/08/2023 | 20:59 GMT by Solomon Oladipupo
CryptoCurrency

DOJ Weighs Fraud Charges against Binance, Worried about Bank Run: Report

  • US prosecutors are contemplating alternative options such as fine payment.
  • The SEC and CFTC filed charges against the exchange in recent months.
Wednesday, 02/08/2023 | 18:02 GMT by Solomon Oladipupo
CryptoCurrency

2016 Bitfinex Hack: Couple Charged over $4.5B in Stolen BTC Strikes Plea Deal

  • US DoJ charged the couple with money laundering in February 2022.
  • Bitfinex recently recovered $315K of the stolen BTC from the US government.
Friday, 21/07/2023 | 19:34 GMT by Solomon Oladipupo
CryptoCurrency

US DoJ Accuses FTX Founder of Leaking Caroline Ellison’s Private Diary

  • Bankman-Fried allegedly shared the details to 'cast Ellison in a poor light'.
  • FTX has sued Bankman-Fried, Ellision, Wang and Singh for 1 billion USD.
Friday, 21/07/2023 | 15:34 GMT by Solomon Oladipupo
CryptoCurrency

US Opposes Crypto Exchange Bittrex’s Customer Repayment Plan

  • Bittrex's US branch holds $250M and $50M in customer crypto and cash, respectively.
  • The exchange served over 600,000 customers in the US as of March 2023.
Thursday, 08/06/2023 | 17:56 GMT by Solomon Oladipupo
CryptoCurrency

US Man Pleads Guilty to Defrauding Banks and "Leading Crypto Exchange" of over $4M

  • Esteban Da Corte committed the crime around March 2020, prosecutors say.
  • The Miami man and his crew used fake ID information for the scheme.
Wednesday, 26/04/2023 | 20:34 GMT by Solomon Oladipupo
CryptoCurrency

PRL Token Founder "Bruno Block" Pleads Guilty to $5.5M Tax Evasion

  • Elmaani has admitted to secretly minting PRL tokens for his personal gain.
  • US prosecutors say he spent at least $12.3M in 2018 but declared no income.
Thursday, 06/04/2023 | 20:04 GMT by Solomon Oladipupo
Institutional FX

SVB Financial Executives' Share Sales under Scrutiny in Ongoing SEC and DoJ Probes

  • DoJ and SEC join Fed in examining the SVB's crisis.
  • Investigations include reviewing SVB Financial executives' shares sales before the collapse.
Wednesday, 15/03/2023 | 09:43 GMT by Damian Chmiel
CryptoCurrency

Binance Talks about Compliance Gaps and Expects to Pay Penalties

  • The company's CSO confirmed that in the past, Binance had small "gaps" in its regulatory compliance.
  • Crypto exchange expects to pay penalties to resolve the US investigations.
Thursday, 16/02/2023 | 12:40 GMT by Damian Chmiel
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