US Department of Justice Disbands Crypto Investigation Unit — Great for Crypto?

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A Regulatory Reckoning for the Crypto Industry?

Between BitMEX action, the U.K.’s derivative ban and the new U.S. Department of Justice enforcement framework, regulations are coming for crypto.

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Law Decoded: Police and thieves on their screens, Oct 2–9

The Department of Justice made headlines in crypto and elsewhere, leading a week of law enforcement locking down around the world.

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BitMEX Co-founder and Ex-CTO Samuel Reed Released on $5M Bail

It has been a turbulent few weeks for BitMEX. On October 1, it was announced that the founders of the crypto derivatives exchange would face charges from the U. S. Department of Justice (DOJ). These charges include running an unregistered trading platform and violating the banking secrecy act.

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The DOJ’s ‘Crypto Enforcement Framework’ Argues Against Privacy Tools and for International Regulation

The Justice Department's new crypto enforcement framework lays out its case for prosecuting alleged crimes around the world while taking aim at privacy-enhancing tools.

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DOJ Warns of Possible ‘Oncoming Storm’ in Report Detailing Dangers of Terrorist Use of Crypto

The Department of Justice has released a ‘first of its kind’ framework for policing the cryptocurrency space.

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John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in US

John McAfee has been arrested and indicted for tax evasion, the U. S. Department of Justice announced. The cybersecurity entrepreneur has also been charged with fraudulently pumping cryptocurrencies by the U.

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John McAfee Arrested in Spain on US Tax Evasion Charges

The law has finally caught up with outlaw John McAfee. The crypto bull and antivirus pioneer has been hit with a one-two punch from the U. S. Department of Justice and Securities and Exchange Commission all at once.

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Mike Novogratz: Bitcoin Is Bigger Than Any Exchange or Person, Buy the Dip

Crypto never sleeps, but it received a wake-up call after an indictment came down against widely used bitcoin exchange BitMEX, which allows up to 100x leverage and technically bans US traders. The Commodity Futures Trading Commission and Department of Justice are both coming after the exchange and its owners, including the face of the company, […] The post Mike Novogratz: Bitcoin Is Bigger Than Any Exchange or Person, Buy the Dip appeared first on BeInCrypto.

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US Department of Justice opens criminal case against BitMEX

The US Attorney's Office opened a criminal case against the founders and heads of the BitMEX crypto exchange. The US Trading Futures Commission also accuses BitMEX of violating various AML and bank secrecy laws.

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US ramps up enforcement actions against global crypto scams

The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams.

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Suspected North Korean Hackers Move Bitcoin Worth $140K From Forfeited Account

Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U. S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions.

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US Department of Justice Working on Seizing 280 Crypto Accounts

The US government is looking to seize 280 cryptocurrency accounts that were used by North Korean hackers who reportedly stole millions of dollars of digital assets from two crypto exchanges. A civil forfeiture complaint is filed by the US Department of Justice.

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US DOJ charges operators of crypto ponzi Airbit Club with fraud

The United States Department of Justice (DOJ) has charged five operators of global crypto ‘Ponzi-scheme’ with fraud and money laundering. According to a release by the US Attorney’s Office,  the five intentionally participated in an elaborate plot to defraud investors by promising guaranteed high returns through crypto mining.

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U.S. Authorities Charge AirBit Club for Running Crypto Investment Scam

U. S. authorities have charged the organizers of the cryptocurrency-based investment scheme AirBit Club with fraud and money laundering. According to an announcement by the U. S. Department of Justice (DOJ), the defendants are being charged for, “their roles in an internationally coordinated fraud and money laundering ring involved in defrauding individuals through investments in AirBit Club.

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The US Seizes $2M in its Largest-Ever Move Against Militant Group’s Crypto Fundraising Effort

The US Justice Department has taken down the efforts by the military wing of al Qaeda, Hamas, and Islamic State to raise funds via cryptos through schemes that sold bogus COVID-19 safety equipment to US hospitals.

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US DoJ Seizes Millions in Crypto Funds From Al-Qaeda and ISIS Networks

Justice Department announces the largest ever seizure of terrorist-bound crypto assets today in Washington, DC.

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The DOJ Wants to Hire a Crypto Crime Attorney Adviser

The Department of Justice wants to hire an attorney adviser to specialize in cryptocurrency, dark web and hacking criminal cases.

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Anonymous Crypto Hacker’s Identity Revealed by US Authorities

The U.S. Department of Justice unveiled the identity of the hacker behind the pseudonym “fxmsp” after charging him with federal crimes.

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Russia’s Ministry of Justice Latest to Criticize Proposed Crypto Ban

Russia's Ministry of Justice is the latest government authority to oppose a proposed crypto ban, seeing inconsistencies in the bill's stipulations.

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US Drug Agency Failed to Properly Oversee Crypto Investigations: DOJ Report

The U.S. Drug Enforcement Administration failed to adequately police its undercover agents’ handling of cryptocurrency, a Department of Justice Inspector General report found.

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Crypto Investor Michael Terpin Deliberately Waited to Sue SIM-Swapping Teen Who Stole $23.8 Mln from Him

Prominent crypto investor Micheal Terpin admits that he deliberately waited to bring SIM-swapping teen Ellis Pinsky to justice

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Mt. Gox Casts a Dark Shadow of Crypto’s Collapse — A Long Fight for Justice

“There's no longer one dominant exchange handling the bulk of all trading”: Kim Nilsson hopes there won’t be another Mt. Gox shock to crypto

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Ukraine Justice System Employee Caught Mining Crypto at Work

The IT staffer is alleged to have illegally mined cryptocurrency and run websites from court administration servers.

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Crypto’s Counterpunch to U.S. Hegemony and Empire

“The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime. ” —Hassan Rouhani, President of Iran Also Read: Crypto Confronts Social Justice Warriors Hegemony and Muslim Resistance Hegemony refers to the leadership or dominance of one country or group over others.

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Crypto Confronts Social Justice Warriors 

“Many men are lamenting the “man-hating” rhetoric that they have imagined stemming from SJWs. It just so happens that many of these men are also heavily involved in cryptocurrencies due to the notion that Bitcoin can restore their libertarian ideals.

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$28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail

An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him - but not before he defrauded victims out of $28 million. 'Hybrid crypto' with low risks and high returns India's Special Task Force (STF) arrested Sydney resident Harpreet Singh Sahni in a hotel near the […] The post $28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail appeared first on CCN Markets

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Owner Of Unlicensed BTC Trading Platform ‘Destination Bitcoin’ Found Guilty By US DoJ

As per an all new announcement issued by the United States Department of Justice yesterday afternoon, William Green — a 46-year-old resident of New Jersey resident — has been found guilty of operating a crypto exchange without a license by a federal grand jury.

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‘Crypto Godfather’ Scores Early Win Against AT&T in $224 Million Lawsuit

A crypto investor who suffered a gut-wrenching $24 million loss in a sim swap hack scored an early victory against wireless carrier AT&T when a judge rejected the telecom giant’s request to dismiss the investor’s $224 million lawsuit, a press release published yesterday stated.

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Trillions: Crypto Scams Have Cost South Korea $2.7T Won

Scams Hit South Korea Hard Crypto scams haven’t been kind to South Korea. As reported by The Korea Herald, an English newspaper covering events in South Korea, the local Justice Ministry estimates that crypto-related crimes.

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Crypto Scammer Running Blue Bit Banc (BBB) Investment Scam Gets 86-Month Jail Term

Crypto Scammer Gets 86-Month Jail Term Blake Kantor, a 44-year-old New Jersy based cryptocurrency scammer has been sentenced to 86 months in prison by the United States Department of Justice (DoJ) on July 1.

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US Justice Department & IRS Are in Hot Pursuit of Bitcoin Tax Evaders

By CCN Markets: The bitcoin price rocketed past $10,000 for the first time since 2018, and crypto fans are celebrating. But they’re not the only ones noticing the budding cryptocurrency bull market.

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US DoJ Seeks Extradition of Swedish Citizen Who Is Charged with $11 Million Crypto Fraud Scheme

The U. S department of Justice is looking to extradite Swedish citizen for money laundering, wire fraud and securities fraud through a crypto scam amounting to $11 million USD. The blockchain world has long been troubled by the scams, thefts and hacks prevalent on the users’ private keys.

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British Bitcoin Scammer Pleads Guilty for Defrauding US Victims of $50 Million

By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court.

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Embattled CEO of $3.8B Crypto Ponzi Scheme OneCoin Pleads Not Guilty

By CCN: Konstantin Ignatov, the CEO of the multi-billion-dollar “crypto” Ponzi scheme OneCoin, has pleaded not guilty to wire fraud. According to court documents, Ignatov entered the plea during a May 28 preliminary hearing via conference call.

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FBI Publishes Questionnaire Targeting Potential QuadrigaCX Victims

The Internal Revenue Service’s Criminal Investigation Division, the U. S. Attorney General’s office for the District of Columbia, the Department of Justice’s Computer Crime and Intellectual Property Section, and the FBI have all begun investigating the events of now-defunct Canadian crypto exchange QuadrigaCX.

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US DoJ Charges Group of Individuals Who Stole $2.5 Mln in Crypto Via SIM Swapping

The U.S. Department of Justice has named hackers who allegedly stole $2.5 million worth of crypto from users’ wallets via SIM swapping

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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

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Detention Memorandum Issued against Bitfinex Linked Crypto Capital

The United States Department of Justice has moved the District Court of Arizona to stay a detention memorandum against Crypto Capital and Reginald Fowler concerning the ongoing case against Bitfinex.

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Indictments Issued for Two Individuals for Running “Shadow Banking” Operation

U. S. Attorney's office for the Southern District of New York has charged two individuals for providing “shadow banking” services to crypto exchanges. According to a statement by Geoffrey S.

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US Crypto Scammers’ Run Reveals Tether Links in Massive Multi-Million Shadow Banking Fraud

By CCN. com: The U. S. Justice Department has nabbed one of two crypto fraudsters accused of a shadow banks scheme that entailed the processing of hundreds of millions of dollars of unregulated transactions on behalf of several cryptocurrency exchanges.

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FinCEN Issues First-Ever Civil Penalty Against Bitcoin Exchange

The Financial Crimes Enforcement Network (FinCEN), a bureau within the U. S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.

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Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.

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Bitcoin Trader Sentenced to Two-Year Prison Term

Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 “for operating an unlicensed money transmitting business.

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Canadian Drug Dealer Ordered to Forfeit $1.4 Million in Bitcoin

As part of an ongoing criminal case, a judge in Canada has ordered that a local online drug dealer must forfeit about 281. 41 bitcoin (worth about $1. 4 million) after it was found that he used the cryptocurrency to fund his illegal activities.

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QuadrigaCX Granted 45-Day Court Extension to Find $140 Million in Missing Crypto

A Nova Scotia Supreme Court Justice has given defunct cryptocurrency exchange QuadrigaCX a 45-day extension to search for $140 million worth of missing crypto assets. Judge Michael Wood extended the creditor-protection deadline to April 23, which would protect Quadriga from potential lawsuits.

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New York Crypto Fraudster Charged for ‘My Big Coin’ Scam

If you search the web for “My Big Coin,” you find a lot of seemingly-legitimate results. Even Crunchbase has a listing for My Big Coin. As recently as Valentine’s Day, the cryptocurrency project was tweeting to their more than 260,000 followers.

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Russan Commisioner Requests Extradition of Former BTC-e Exchange Owner Back to Russia

Tatyana Moskalkova, the commissioner for Human Rights in Russia, has issued a letter to Michalis Kalogir, Minister of Justice, Transparency and Human Rights of Greece, requesting for the extradition of the embattled former BTC-e crypto exchange owner, Alexander Vinnik to Russia, according to a report by Tass on February 25.

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FBI Wants Your Help to Investigate $2.5 Billion Crypto Scam Bitconnect

Like most scams, it will be years before Bitconnect’s operators have felt the full weight of their actions. However, the US government wants victims to help bring the $2. 5 billion crypto Ponzi scheme to justice.

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