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DOJ recommends harsher sentences AI-enhanced crimes
7.8.2024
Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon
DOJ Launches Whistleblower Awards Program to Tackle Crypto Crimes
2.8.2024
The U.S. Department of Justice (DOJ) has initiated a Corporate Whistleblower Awards Pilot Program to encourage reporting of corporate criminal activities. This three-year program targets financial institutions, including cryptocurrency businesses, to enhance the detection and prosecution...
BitClout Founder Charged With Wire Fraud, Civil Securities Charge
30.7.2024
The U.S. Securities and Exchange Commission (SEC) and Department of Justice charged the founder of crypto social media platform BitClout with wire fraud and the sale of unregistered securities
US Government Transfers $2 Billion in Bitcoin to Unknown Wallet
29.7.2024
According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held...
Federal Agencies Join Forces to Fight Crypto Scams
13.7.2024
Several federal agencies, including the Federal Bureau of Investigation (FBI) and the U.S. Securities and Exchange Commission (SEC), convened at a Fraud Disruption Conference to combat crypto scams, particularly the “pig butchering” fraud that siphons billions from Americans annually....
Crypto Exchange Bitmex Pleads Guilty to Violating Bank Secrecy Act, AML Failures
13.7.2024
Crypto exchange Bitmex has pleaded guilty to violating the Bank Secrecy Act (BSA) by failing to maintain an adequate anti-money laundering (AML) program, resulting in the company being a vehicle for large-scale money laundering. The DOJ announced this plea following previous legal actions...
Conduct Versus Code May Be the Defining Question in Roman Storm Prosecution
12.7.2024
Prosecutors and Roman Storm's attorneys met in court Friday to argue over motions to dismiss the charges against the developer and address evidentiary questions
BitMEX expects ‘no further fines’ for ‘old’ AML violation in US
11.7.2024
BitMEX addresses the DOJ's BSA charge as a past issue, highlighting their compliance improvements and founders' prior penalties
DOJ Selects Coinbase to Provide Crypto Services to US Marshals Service
2.7.2024
The Department of Justice (DOJ)’s U.S. Marshals Service has selected crypto exchange Coinbase to provide crypto custody and trading services. The U.S. government’s contract, valued at over $32 million, aims to streamline the management and disposal of seized cryptocurrencies, ensuring...
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
29.6.2024
The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting...
Crypto Theft Mastermind Convicted in US for Home Invasions, Kidnappings, and Robberies
27.6.2024
A Florida man has been convicted in the United States for orchestrating an international scheme that involved violent home invasions aimed at stealing cryptocurrency. The operation targeted victims throughout the country, who were kidnapped and assaulted to gain access to their cryptocurrency...
Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud
27.6.2024
In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices...
Julian Assange Reaches Plea Deal With U.S. DoJ
25.6.2024
Wikileaks Co-Founder pleads guilty to single espionage charge in exchange to a sentence for time served
Unlicensed Crypto Business Leads to Indictments in Utah
20.6.2024
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal...
DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam
11.6.2024
The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development. “They allegedly took investor funds, never...
U.S. DOJ busts botnet boss for orchestrating $130M cyberscam
30.5.2024
Chinese national Yunhe Wang has been accused of hijacking over 19 million private IP addresses and reselling them to criminals for nefarious use
The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful
29.5.2024
DOJ Captures Alleged ‘Architect’ of Darknet Marketplace Incognito
21.5.2024
According to the U.S. Department of Justice (DOJ), the operator of the darknet marketplace Incognito was apprehended at John F. Kennedy Airport on May 18. Law enforcement officials claim Rui-Siang Lin allegedly constructed the DNM and facilitated the sale of over $100 million worth of illegal drugs...
Dark web market owner arrested in New York after FBI traces crypto
21.5.2024
The FBI claimed it found Incognito Market’s alleged owner, Rui-Siang Lin, by tracking crypto from the dark web drug market to a crypto exchange account allegedly in his name
Ethereum price rallies above $3.1K after unexpected regulatory victory
17.5.2024
ETH price hit $3,100, backed by a favorable court ruling and increased network activity