The operator of now defunct Bitcoin (BTC) stock exchange BitFunder has pleaded guilty to federal charges of obstruction of justice and securities fraud, Reuters reports July 23.
According to prosecutors, 37-year old Jon Montroll, also known as Ukyo, also pleaded guilty to obstruction of justice, admitting that he provided false balance statements to the U.S. Securities and Exchange Commission (SEC) in an investigation of the fake 6,000 BTC BitFunder hack in 2013.
In July 2013, Montroll also started soliciting investments in a security that he dubbed Ukyo.Loan, promising daily interest and an easy redemption process.
However, after the 6,000 BTC hack, Montroll was unable to pay owed amounts to Ukyo.Loan investors or WeExchange and BitFunder clients.
Bitcoin,” was indicted by U.S. authorities on fraud and money laundering charges in 2017, reportedly involving up to $4 billion in Bitcoin.
Gal Vallerius, a 36-year-old French national pleaded guilty this week in the US of selling narcotics on the Dark Web under the nickname of OxyMonster. In a criminal complaint filed last year, investigators say that Vallerius configured a “tip jar” on the Dream Market Dark Web marketplace. The tip jar was meant to allow users
Gal Vallerius, a 36-year-old French national pleaded guilty this week in the US of selling narcotics on the Dark Web under the nickname of OxyMonster. In a criminal complaint filed last year, investigators say that Vallerius configured a “tip jar” on the Dream Market Dark Web marketplace. The tip jar was meant to allow users
En route a world beard growing competition in Texas and caught as soon as he landed in Atlanta in August of 2017, Gal Valerius, a competitive beard grower and cyber whiz from the Brittany region of France, was confirmed to be ‘OxyMonster’.
The Ontario Securities Commission (OSC) has filed a lawsuit against Troy Richard James Hogg for selling unregistered securities in an ICO where he raised $51 million.
The post Ontario Securities Commission (OSC) Files Lawsuit for $51M Dignity Token Asset Offering appeared first on BeInCrypto.
Grayscale CEO Michael Sonnenshein has told investors he is ready for a spot bitcoin exchange-traded fund (ETF) regardless of what the Securities and Exchange Commission (SEC) says.
The post Grayscale Prepares Itself for SEC Ruling on Spot ETF appeared first on BeInCrypto.
The Chairman of the U.S. Securities and Exchange Commission (SEC) says he doesn’t see cryptocurrencies lasting long.
The post SEC Chairman Doesn’t See Long Term Viability for Cryptocurrencies appeared first on BeInCrypto.
Wall Street investment bank Morgan Stanley holds a substantial sum of Bitcoin-related assets according to a filing with the U.S. SEC.
The post Morgan Stanley Holds 28,000 Grayscale Bitcoin Trust Shares, Valued Over $800,000 appeared first on BeInCrypto.
In this series of articles, BeinCrypto explores the state of various cryptocurrency ETFs in the United States. This particular article will focus on the Kryptoin bitcoin ETF, which was first introduced in 2019.
SEC Chairman Jay Clayton will step down from his role by the end of 2020. Crypto-friendly Gary Gensler is among the rumored replacements. United States Securities and Exchange Commission (SEC) Chairman Jay Clayton will step down from his role by the year’s end.
How did Block.one make it out relatively unscathed by the SEC, and what are the greater ramifications of its ICO settlement?
The post Op Ed: Key Takeaways From Block.one’s $24M Settlement With the SEC appeared first on Bitcoin Magazine.
