FBI recovers more than $8m for victims of Kansas bank crypto scheme

Federal law enforcements were able to recover $8.3 million investors lost in a crypto embezzlement case involving the CEO of a Kansas bank. According to an Associated Press report, the Federal Bureau of Investigation managed to recover the lost funds…

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86-year-old former attorney to pay $14m for role in crypto Ponzi scheme

Disbarred California attorney David Kagel has agreed to pay nearly $14 million in restitution as part of his sentencing for operating a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors over several years.

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Australia seizes $6.4M worth of crypto in crackdown on criminal ghost network

In a significant move against organized crime, Australia’s federal police have seized $6. 4 million worth of cryptocurrency linked to the Ghost network, an encrypted communications platform allegedly used by criminal syndicates.

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Australia’s “Operation Kraken” seizes over $6 million in crypto from alleged Ghost mastermind

The AFP arrests a 32-year-old man during a raid at his home in New South Wales Seizing the crypto was made possible after the AFP cracked the suspect’s seed phrase The arrest marks the second under Operation Kraken The Australian Federal Police (AFP) has seized $6.

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New York man to pay $36 million for forex and crypto fraud

A US federal court ordered William Koo Ichioka to pay $31 million in restitution and $5 million in monetary penalty The New York resident was charged and ordered to pay a total of $36 million for defrauding victims in a forex and crypto scheme A New York man will pay $36 million for defrauding victims […] The post New York man to pay $36 million for forex and crypto fraud appeared first on CoinJournal.

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Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000

Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level.

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IBIT, FBTC, ARKB, BITB: time to buy or sell Bitcoin ETFs?

Spot Bitcoin ETFs continued doing well this week as investors reacted to the encouraging statement by the Federal Reserve.   These funds saw inflows for four consecutive days through September 17 when they added over $186 million in assets.

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Bitcoin Price Pumps Following Big Economic News

One of the first to break the big news was “WatcherGuru”  to their 2. 4 million followers on X this evening. They announced the U. S. Federal Reserve cuts interest rates by 50bps for the first time in 4 years.

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EToro to cease all crypto trading except BTC, BCH, ETH

EToro reached a $1.5 million settlement with the U.S. Securities and Exchange Commission over alleged violations of federal securities laws. According to an greement disclosed by the SEC, eToro also agreed to cease nearly all cryptocurrency trading and transactions for…

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Former SEC Lawyer Weighs In On Whether Or Not The Regulator Can Appeal XRP’s Non-Security Status

The SEC v. Ripple lawsuit is nearly four years old. Now it’s over. Maybe. This is after Ripple was ordered to pay $125 million for its federal securities violations involving sales of the XRP token to institutional clients.

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Polymarket: 78% of users wager on 25bp Fed rate cut

Polymarket bettors have placed over $11 million in cumulative bets on how aggressively the Federal Reserve will change its monetary policy this September. 78% of Polymarket users bet $1.5 million on an interest rate decrease of 25 basis points. The…

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Bitcoin sees $543 million in inflows after Powell’s dovish remarks

According to CoinShares’ latest weekly fund flow report, crypto investment products saw their largest inflows in five weeks, with $533 million pouring into the sector. James Butterfill, head of research at CoinShares, explained that these inflows followed remarks by US Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium last week.

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Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses

Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen report published on Aug. 21.

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‘Big Crypto’ dominates US election spending and exploits consumers, report finds

Crypto corporations have become the dominant force in federal election spending, spending over $119 million to influence the U.S. election outcome.  According to a report by the non-profit organization Public Citizen, nearly half of all corporate money contributed to this…

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Germany seizes $28 million in raid on unlicensed crypto ATMs

German authorities have confiscated $28 million in cash and 13 crypto ATMs in a coordinated nationwide operation aimed at curbing unlicensed activities. The latest action, spearheaded by the Federal Financial Supervisory Authority (BaFin), is part of a broader initiative to strengthen oversight within the country’s rapidly expanding crypto market.

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Judge finds Ripple Labs liable for $125M penalty in SEC case: Law Decoded

Ripple faces a $125 million civil penalty after a federal judge rules in favor of the SEC, rejecting the agency’s $2 billion claim.

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Trump campaign raises $4 million in crypto donations: Who are the high-profile donors?

Donald Trump’s presidential campaign has successfully tapped into the cryptocurrency market, receiving over $4 million in digital donations.   According to Federal Election Commission (FEC) filings, these contributions have come in various forms, including Bitcoin (BTC), Ether (ETH), Ripple’s XRP token, and the US dollar-pegged stablecoin USDC.

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Why will Robinhood be $9m poorer with its referral program?

A U.S. federal judge has ordered Robinhood Financial LLC to pay $9 million in a lawsuit over its referral program. The case involved a broker’s “refer-a-friend” promotion that allowed unwanted text messages to be sent in Washington. The total payment…

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Bitcoin price rises amid spot ETF inflows of $295 million

Bitcoin rose nearly 4% early Tuesday morning to trade above $57,400, despite sell-off pressure that continues to face the flagship cryptocurrency. Tpday’s upside comes after Monday saw a barrage of dumping from the German Federal Criminal Police Office (BKA).

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U.S. Court orders Sam Ikkurty to pay $84M for crypto Ponzi scheme

A federal court has ordered Jafia LLC and its owner, Sam Ikkurty, to pay nearly $84 million to crypto investors after ruling that the firm operated a Ponzi-like scheme.  The judgment, issued by Judge Mary Rowland in the US District…

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German Gov’t Sends $24 Million More Bitcoin To Kraken, Coinbase As Its BTC Selling Spree Continues

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Germany transfers millions in Bitcoin to various wallets

The German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to Kraken, Coinbase and an untagged wallet. A wallet associated with the BKA sent $24 million in bitcoin (BTC) in two transactions to the Kraken and Coinbase cryptocurrency exchanges during…

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FOMC Spooks Crypto: $400 Million Liquidated In Frantic Sell-Off

In a move that has left both traditional and crypto markets in disarray, the Federal Open Market Committee (FOMC) held its fourth policy meeting of the year on June 12 and decided to keep interest rates steady at their current range of 5.

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Florida Man Pleads Guilty to Wire Fraud Conspiracy Tied to Forcount Crypto Ponzi

Juan Tacuri, oe of the top promoters in the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors around the world of a collective $8.4 million – has pleaded guilty to his role in the operation, federal prosecutors announced Wednesday.

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Ripple $25 million crypto education contribution amid rising importance in 2024 election

Ripple has highlighted the 2024 US election as a crucial juncture for the crypto industry, according to a May 29 statement. In response, the company has donated $25 million to Fairshake, a federal super PAC that backs pro-crypto and pro-innovation candidates.

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Ripple Donates Another $25M to Crypto Super PAC Fairshake

Ripple has added another $25 million to the coffers of Fairshake, a federal crypto super political action committee (PAC) that’s spending big this election year to support crypto-friendly Congressional candidates.

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FBI traces crypto transfers to dismantle $100m dark web marketplace

The Federal Bureau of Investigation (FBI) has arrested a dark web narcotics marketplace owner after tracking illicit crypto transfers. Rui-Siang Lin, a 23-year-old Taiwan resident, was found guilty of operating a $100 million dark web narcotics marketplace.  Known online as…

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FBI Arrests Manhattan Man Accused Of Defrauding Investors $43 Million In Crypto Trading Ponzi Scheme

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Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Crypto Exchanges

Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday.

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Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request

An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company McGrathNicol.

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Examining The $100M Mango Markets Exploit, Latest Updates From Avraham Eisenberg’s Trial

In a significant development for the cryptocurrency industry, the trial of Avraham Eisenberg, the accused perpetrator of the $100 million Mango Markets exploit, has commenced in a New York federal court.

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SEC to seek additional $158m for ‘wild west of crypto markets’

In March 2024, the U.S. SEC asked Congress to appropriate an additional $158 million in federal funds.

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Bitcoin Fog Founder Convicted of Money Laundering

Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied to darknet marketplaces.

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Tether collaborates with FBI to recover $1.4 million in scam targeting seniors

Stablecoin issuer Tether collaborated with the US Department of Justice and the Federal Bureau of Investigation (FBI) to seize $1. 4 million USDT associated with a tech support scam network, according to a Mar.

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Winklevoss twins give out $4.9m to Fairshake crypto lobbying group

Founders of Gemini exchange, Tyler and Cameron Winklevoss, have donated $4.9 million to the Fairshake political action committee (PAC). The Winklevoss twins have each donated $2.45 million to the Super PAC, according to the U.S. Federal Election Commission (FEC) and…

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Detective accused of Bitcoin theft from Trezor hardware wallet

The NACC of Australia has alleged that a federal police officer stole 81.62 Bitcoin from a Trezor hardware wallet during a drug raid. The BTC stash is worth over $4 million at current prices. 

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Arthur Hayes gives bullish prediction on Bitcoin’s rally to $1 million

The co-founder and former CEO of BitMEX, Arthur Hayes, has said that Bitcoin’s price could rally to $1 million amid a potential crisis in the US banking industry. Hayes shared his bullish prediction through a post on X, where he dismissed the sentiments of the US Federal Reserve Chair, Jerome Powell. The Fed Chair has […]

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Miami Crypto Fraud Case Ends With Crew Leader Receiving 63-Month Prison Sentence

Esteban Cabrera Da Corte, a Miami gang leader, has been handed a 63-month prison sentence by a federal court in New York for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange of over $4 million.

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Crypto Scam Artist Obliged To Pay $1.2M For NFT Theft By Impersonating Apple Support

In the latest crypto investigation by US authorities, a Los Angeles man was sentenced to eight years in federal prison and ordered to pay $1.2 million in restitution to his victims for orchestrating a series of scams in which he posed as an Apple support representative and stole non-fungible tokens (NFTs) and cryptocurrency. Amir Hossein […]

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Binance Bitcoin Reserves Shed $200 Million Amid Ex-CEO’s US Detainment Threat

After the cryptocurrency exchange and its former CEO, Changpeng Zhao, entered a guilty plea to federal charges in the United States, Binance’s Bitcoin reserves were reduced by $200 million. Although CZ has paid his bond, prosecutors are attempting to have him stay in the US until he is sentenced. Based on on-chain data collected by […]

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Dirty Crypto: $9 Million In Tether Seized By Feds In Silicon Valley

Federal investigators had confiscated $9 million worth of crypto connected to a Silicon Valley-based cyber scam group that had taken advantage of over 70 victims, the US Attorney’s Office for the Northern District of California disclosed on Tuesday.

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Binance-induced market rout wipes more than $200M from crypto traders

Events of the last 24 hours involving crypto exchange Binance and several U. S.  federal agencies, including the Commodity Futures Trading Commission (CFTC) and the Department of Justice, wiped over $200 million from crypto traders who held positions on the market.

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Binance’s Changpeng Zhao pleads guilty to money laundering, comments on resignation

Now-former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges, according to reports from The New York Times on Nov. 21. Zhao reportedly entered his guilty plea in federal court in Seattle today and agreed to pay a $50 million fine as part of the plea deal.

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Crypto price prediction: Shiba Memu, Celestia, Terra Luna

Cryptocurrencies have been the best-performing assets recently. Shiba Memu has now raised over $4. 4 million from global investors. Other top-performing tokens were Celestia and Terra Luna. Cryptocurrency prices thrived this week as investors cheered the hints from the Federal Reserve and the stocks surge.

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Prisoners’ Dreams to Stash $54M in Crypto in Exotic Locales Dashed as Feds Grab It for Treasury

Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement.

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Gemini Files Lawsuit Against Genesis Over Disputed $1.6 Billion Bitcoin Trust Shares

In a recent development, crypto exchange Gemini has filed a lawsuit against the crypto platform Genesis Global about the ownership of shares in the Grayscale Bitcoin Trust (GBTC).  Per the lawsuit, the exchange is seeking a determination from a federal judge to establish that Genesis has no right to over 60 million GBTC shares pledged […]

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Shiba Memu (SHMU) defies gravity as hawkish Fed jitters remain

The Federal Reserve decided to leave interest rates unchanged. It also signaled that it will deliver another rate hike later this year. Shiba Memu has defied gravity by raising over $3. 1 million.

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CHANCER eyes new milestone days after first product update

Chancer presale has surpassed $2. 1 million, adding over $400k in less than a week. Meanwhile, the crypto market remains ranged after reaction to Fed rate hike decision. While crypto largely mirrored stocks amid a broader market retreat following the Federal Reserve’s latest policy decision, a notable feat looked bang on cards for Chancer (CHANCER).

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North Korea Tied To Crypto Hack On Betting Platform, FBI Reveals

A well-known North Korean hacker group has once again made headlines this week, as federal authorities have revealed that they successfully stolen approximately $41 million worth of cryptocurrencies.

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