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DOJ Holds Press Conference on Binance, “CZ” Announces New CEO
21.11.2023
Founder and former CEO of Binance, Changpeng Zhao, announced his replacement today as the Department of Justice held a press conference announcing significant cryptocurrency enforcement actions against his company. Binance makes a “complete exit” Zhao has pleaded guilty to “willfully...
Binance charges prove 'following the rules' was the right decision: Coinbase CEO
21.11.2023
Brian Armstrong reflected on the announcement of criminal charges against Binance, stating that Coinbase’s decision to get licenses was correct
DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down as Part of Plea Deal
21.11.2023
The United States Department of Justice (DOJ) has revealed a landmark settlement involving Binance, the world’s largest crypto exchange by trading volume. Under the agreement, Binance will pay $4.3 billion to settle with the law enforcement authority. This significant development...
US officials announce $4.3B settlement with Binance, plea deal with CZ
21.11.2023
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance "lacked basic safeguards" to protect against sanctions and Changpeng Zhao committed criminal acts
Binance names Richard Teng CEO amid Changpeng Zhao’s forced departure
21.11.2023
The house that CZ built will now be helmed by its Head of Regional Markets as the U.S. Department of Justice has barred the former CEO from his position
Court unseals indictments against Binance and CZ, detailing expected guilty pleas
21.11.2023
The U.S. Justice Department, Treasury, and CFTC are reportedly planning to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21
DOJ Announces Aeizure of $9 Million of Tether Tied to ‘Pig Butchering’ Scams
21.11.2023
On Tuesday morning, the U.S. Department of Justice announced the seizure of nearly $9 million worth of Tether linked to “pig butchering” scams that exploited over 70 victims. How the fraudsters did it Originating in Southeast Asia, “pig butchering” is a practice conducted by perpetrators who prey...
US DOJ Seizes $9M USDT As Part Of $225M Frozen By Tether In “Pig Butchering” Crypto Scam
21.11.2023
The DOJ continues its crackdown on cryptocurrency crimes by seizing USDT funds related to a “pig butchering” crypto romance scam. Image by blvdone, Adobe Stock. The US Department of Justice (DOJ) announced today that it seized $9 million worth of the stablecoin USDT related to...
US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether
21.11.2023
Officials reported the seizure was tied to an organization responsible for “pig butchering” romance scams
BNB Records Uptick Following Reports of Potential $4 Billion Settlement With the DOJ
21.11.2023
Source: AdobeStock / akif BNB has surged over 7% in the last 24 hours after reports of Binance being involved in a potential $4 billion settlement with the United States Department of Justice (DOJ). The recent rise in the Binance-based token marks its highest point since June after the price moved...
Binance Faces $4 Billion Demand From US Justice Department to Settle Criminal Case: Report
21.11.2023
Cryptocurrency exchange Binance is reportedly facing a $4 billion demand from the U.S. Department of Justice (DOJ) in order to settle a criminal case. The Justice Department has been investigating Binance on allegations related to money laundering, bank fraud, and sanctions violations. US DOJ Wants...
Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDT’
21.11.2023
Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an international human trafficking...
Crypto Markets Chop as Reports Emerge That US DoJ Wants Over $4 Billion From Binance to Settle Yearlong Investigation – Here’s The Latest
20.11.2023
Binance Logo / Source: Adobe The US Department of Justice (DoJ) is seeking a settlement of more than $4 billion from the world’s largest crypto exchange Binance as a proposed resolution to a yearlong investigation into the exchange, Bloomberg reported on Monday citing people familiar with...
Tether Confiscates 225M USDT Involved in Pig Butchering Romance Scam
20.11.2023
Source: AdobeStock After months of investigation, USDT stablecoin maker Tether has announced the confiscation of $225 million of its tokens involved in a pig butchering romance scam. The announcement, conveyed through a press release, detailed Tether’s collaboration with the OKX crypto...
XRP Price Prediction as Delaware refers Fake BlackRock XRP Trust Filing to Department of Justice – Will XRP Crash Soon?
15.11.2023
The XRP price has dipped by 1.5% in the past 24 hours, although the altcoin has regained 1% in the past hour, as it looks to recover from the market impact of the recent fake XRP trust filing. At $0.638708, XRP has also fallen by 8% in the past week, a loss which reduces its […]
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Delaware State DOJ Might Investigate the BlackRock Hoax XRP ETF Filing
15.11.2023
Source: Pixabay Delaware authorities have referred the false Blackrock Ripple (XRP) exchange-traded fund (ETF) case to the State’s Department of Justice (DOJ). A fake XRP ETF was submitted Monday under the name of a BlackRock managing director, appearing on the corporation’s website. Dubbed...
Fake BlackRock XRP Filing Referred to Delaware Department of Justice
14.11.2023
Delaware's Department of Justice may be investigating the fake filing made for an apparent XRP exchange-traded fund
'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud
14.11.2023
The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S. Department of Justice (DOJ)
Cryptocurrency Confiscation on the Rise: Impact of IRS’s Surveillance Plans
8.11.2023
Source: AdobeStock / Vitalii Vodolazskyi As the Internal Revenue Service (IRS) moves forward with its plans to enhance surveillance of cryptocurrency transactions, some worry that it might lead to a surge in crypto confiscations. A 2022 report published by the Department of Justice (DOJ)...
Convicted Sam Bankman-Fried’s Legal Battles Rage On Amidst SEC, CFTC Charges, and Class Action Fury
8.11.2023
Sam Bankman-Fried was convicted on all charges in the Department of Justice’s fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which have...