Quick Breakdown: A California man has been sentenced for orchestrating a $37 million cryptocurrency scam that defrauded investors. The Department of Justice (DOJ) continues to intensify its enforcement efforts against crypto-related fraud. This case highlights the increasing legal risks facing scammers in the decentralized finance (DeFi) ecosystem. A California man ...
US prosecutors are moving to seize $7.1 million in cryptocurrency linked to an alleged oil and gas investment scam that duped investors out of nearly $97 million over two years. The Seattle US Attorney’s Office filed a civil action on Tuesday to forfeit the funds, which were among the proceeds ...
The U.S. Department of Justice (DOJ) has launched an investigation into a data breach at Coinbase involving contracted customer service agents based in India, who allegedly accepted bribes to grant unauthorized access to sensitive user data. Bloomberg reported on May 19 that DOJ investigators are working alongside other U.S. and ...
The legal battle between U.S. prosecutors and the co-founders of Samourai Wallet may soon take a turn, as both sides have requested a pause in court proceedings amid discussions to drop the case. In a joint letter dated April 28, defence attorneys representing Samourai Wallet CEO Keonne Rodriguez and CTO ...
Global crypto exchange OKX has officially returned to the United States market, unveiling a revamped trading platform, a new self-custody Web3 wallet, and a fresh leadership slate—just months after settling a $500 million case with the U.S. Department of Justice. The company’s comeback, announced via press release on Monday, includes ...
Braden John Karony, CEO of the troubled crypto firm SafeMoon, is seeking to have the criminal charges against him dismissed, citing a recent policy change at the U.S. Department of Justice (DOJ). In a letter to U.S. District Judge Eric Komitee, Karony’s attorney highlighted a new DOJ directive that disbands ...
A coalition of 34 crypto firms and advocacy groups has called on Congress to push back against the Department of Justice's broad interpretation of laws used to prosecute Tornado Cash developers. In a letter dated March 26, they warned that the DOJ's stance regarding unlicensed money transmission could criminalize many ...
Bitcoin Magazine CEO David Bailey has hinted that the U.S. Department of Justice may be swiftly liquidating Silk Road BTC holdings. In a March 10 post on X, Bailey speculated that these liquidations could occur despite former U.S. President Donald Trump’s pro-Bitcoin stance, potentially contributing to the recent drop in ...
The U.S. Department of Justice (DOJ) plans to sell 69,370 Bitcoin (BTC), valued at over $6.5 billion, seized from the Silk Road darknet marketplace. This decision comes after a court ruling on December 30, which concluded a lengthy legal dispute with Battle Born Investments, a party claiming ownership of the ...
The U.S. Department of Justice (DOJ) has indicted two high-ranking members of the Mexican drug cartel, La Nueva Familia Michoacana, Rodolfo Maldonado-Bustos and Euclides Camacho-Goicochea, on charges of conspiracy to distribute and import heroin into the United States. The announcement, made on June 21, 2024, revealed that the cartel leaders ...
