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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Celo Labs Hires Ex-DOJ and Capital One AML Expert To Lead Its Regulatory and Compliance Matters

Celo Labs is a budding mobile crypto payment startup that is building user-friendly mobile crypto payment tools. The firm has announced today that they have hired Jai Ramaswamy, former chief of asset forfeiture and money laundering at the U.

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Crypto Schemer Gets Tracked By Authorities Linking Bitcoin To Phone Numbers

According to a recent report released by the United States Department of Justice, a Bergen County woman admitted to illegally use individuals’ identities and obtain more than $300,000. Authorities were able to link two telephone numbers to Bitcoin (BTC) addresses that were used to perform four illegal transactions. Fraudster Tackled By Authorities As reported by […]

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International Law Enforcement Conference Addresses Crypto and the ‘Criminal Economy’

The 2019 National Proceeds of Crime Conference (NPOCC) held in Brisbane, Australia from November 13-15 addressed “Globalisation and Digitisation of the Criminal Economy,” and featured 200+ delegates hearing from representatives of organizations such as the Australian Federal Police, Singapore and New Zealand police, United States Department of Justice, and the Australian Criminal Intelligence Commission.

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Former DoJ Prosecutor Turned Crypto VC: Bitcoin Helped Fight Crime

Ever since Facebook announced its crypto-asset dubbed Libra, the entire market, especially Bitcoin, has come under fire by regulators and their fears over the asset class’s use in criminal activities.

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This Former US Bitcoin Investigator is Now a Major Crypto Investor

No matter how much Steven Mnuchin or top regulators criticize Bitcoin, crypto is not associated with criminals and amateur speculators anymore. Katie Haun, general partner at venture capital firm Andreessen Horowitz is another good example to prove this stance.

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US court filings allege Bank of Ireland used for laundering €273 million crypto scam money

US department of justice in a filing with the New York court alleged that Bank of Ireland (BOI) was deceived by a lawyer to launder  €273 million proceeds from multi-billion dollar OneCoin cryptocurrency scam.

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Binance Helps UK Police Bring $50M Crypto Criminal to Justice

Leading crypto asset exchange platform Binance has provided information to the UK police force to help bring a fraudster to justice. The unnamed Bulgarian individual pleaded guilty to five counts of fraud and received a custodial sentence for his role in numerous phishing scams.

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JPMorgan Chase Traders Accused Of Market Manipulation, Again

The U. S. Department of Justice has charged top managers at JPMorgan Chase of market manipulation, Reuters reports.   For the better part of a decade, according to DoJ charges, traders Gregg Smith, Michael Nowak and Christopher Jordan allegedly manipulated prices of gold, silver, platinum and palladium futures on the New York and Chicago Mercantile Exchanges.

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JPMorgan Chase Accused Of Market Manipulation, Again

The U. S. Department of Justice has charged top managers at JPMorgan Chase of market manipulation, Reuters reports.   For the better part of a decade, according to DoJ charges, traders Gregg Smith, Michael Nowak and Christopher Jordan allegedly manipulated prices of gold, silver, platinum and palladium futures on the New York and Chicago Mercantile Exchanges.

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India's Supreme Court Asks RBI To Justify Its Crypto Banking Ban

India Supreme Court Justice Rohinton Fali Nariman has ruled that the Reserve Bank of India has not responded appropriately to concerns from the country's crypto industry regarding the RBI's ban on banks providing services to crypto firms.

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Dark Market Seller Convicted Of Selling Drugs by DoJ, To Forfeit Millions In Ill-Gotten Crypto Profits

California resident Sky Justin Gornik has been convicted of selling drugs for cryptocurrencies in darknet markets. According to a statement from the U.S. Department of Justice, the man aged 39 pleaded guilty to using the Alpha Bay, Trade Route, Abraxas, Evolution, Outlaw Market, and Dream Market trading floors to trade fentanyl, carfentanil, ketamine, oxycodone, amphetamine, […]

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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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