Twelve additional individuals have been indicted for their alleged involvement in a sprawling $263 million cryptocurrency theft, which included the high-profile theft of 4,100 Bitcoin from a Genesis creditor in August 2024. The U.S. Department of Justice (DOJ) unveiled the charges in a statement released on May 15. These new ...
The United States' legal action against crypto mixer Tornado Cash and its developer Roman Storm has been labelled as a "disregard for privacy" by DeFi Education Fund's Amanda Tuminelli. The DeFi Education Fund and Tuminelli, who leads the organization’s impact litigation and policy endeavours as its chief legal officer, recently ...
In the United States, a significant crackdown is underway on individuals involved in buying and selling child sexual abuse material (CSAM) using cryptocurrencies. U.S. Senators Elizabeth Warren and Bill Cassidy are leading efforts to ensure that federal agencies are fully equipped to track down crypto transactions linked to the sale ...
Richard Teng, the new CEO of Binance, is trying to alleviate concerns among investors and customers in the aftermath of the exchange's legal troubles with U.S. authorities. In a post on X (formerly Twitter), Teng emphasized the exchange's business fundamentals are "very strong." According to him, Binance is debt-free and ...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development in an official statement published on Tuesday, November 21, 2023. The ...
Former Deutsche Bank investment banker Rashawn Russell has pleaded guilty to misappropriating funds from investors he deceived with promises of significant returns from cryptocurrency trading. The U.S. Justice Department, on Tuesday, September 19, 2023, released a statement saying that Russell, who was charged in April 2023, admitted that his purported ...
