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 ...
A coordinated global law enforcement operation spearheaded by the U.S. Department of Justice has arrested Yunhe Wang on charges related to malware deployment and operating the 911 S5 Residential Proxy Service, which is allegedly the world's largest botnet service. About $29 million worth of cryptocurrencies was seized during the process. ...
KuCoin, one of the largest crypto exchanges in the world, has formed an alliance with the top law firm A&O Shearman as it faces mounting legal challenges from US authorities. This partnership comes after the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) brought debilitating lawsuits against ...
Wyoming Senator Cynthia Lummis has voiced concerns about the U.S. Department of Justice's recent actions targeting developers of self-custody cryptocurrency wallets. She expressed discomfort with what she sees as an overly aggressive approach that contradicts the U.S. Treasury guidelines and threatens the fundamental property rights of American citizens. In a ...
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading US sanctions against Iran and Russia. This potential settlement, if reached, would ...
The United States Department of Justice (DoJ)has announced a major restructuring initiative aimed at enhancing its ability to handle the surging caseload within its Criminal Division. Principal Deputy Assistant Attorney General Nicole M. Argentieri revealed this during her speech at the Center for Strategic and International Studies on July 20, ...
