8 / 9 Relevant items tagged with #Crimes

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Do Kwon's lawyers propose $436K bail as authorities prepare for June trial

[May 11, 2023 8:58 AM] Lawyers said Do Kwon and Han Chang-joon could be released on bail and largely confined to a Montenegro apartment with the “obligation to periodically report to the state authority.”

Former Coinbase product manager behind insider trading case sentenced to 2 years in prison

[May 9, 2023 10:14 AM] Ishan Wahi must surrender by June 21 to serve his sentence at the Fort Dix Federal Correctional Institution in New Jersey.

UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs

[May 5, 2023 10:35 AM] The FCA's actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators.

UK government targets fraudsters with new ban on cold calls for crypto

[May 3, 2023 1:38 AM] The U.K. government plans to introduce laws to reimburse victims of authorized crypto fraud and work with Ofcom to prevent phone number “spoofing.“

FBI, Ukraine seize 9 exchange domains on money laundering allegations

[May 3, 2023 12:03 AM] The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures.

Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison

[Apr 14, 2023 3:44 PM] James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the "unlawfully obtained" Bitcoin scheme.

San Francisco authorities make arrest in stabbing of Cash App creator Bob Lee

[Apr 13, 2023 2:21 PM] Police chief Bill Scott said there was evidence that the suspect and Bob Lee knew each other but did not comment on the possible motive of the attack.

Euler Finance attack: How it happened, and what can be learned

[Apr 7, 2023 7:45 AM] The Euler Finance exploit was the largest of Q1 2023, and the risk of a similar attack on other protocols remains.

North Korea and criminals are using DeFi services for money laundering — US Treasury

[Apr 6, 2023 9:12 AM] Despite the warnings on DeFi, the Treasury noted that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat or outside the crypto ecosystem.

SEC reaches 'agreement in principle' to resolve insider trading case of Coinbase product manager

[Apr 4, 2023 11:00 AM] Both Ishan and Nikhil Wahi pleaded guilty to criminal insider trading charges after being arrested by U.S. authorities in July 2022.

South Korean authorities seize $160M in assets tied to Terra employees: Report

[Apr 3, 2023 2:59 PM] Prosecutors reportedly took control of houses and properties in an attempt to prevent former Terra employees from disposing of assets potentially connected to criminal proceedings.

UK government announces 'robust' crypto regulation as part of economic crime plan

[Mar 30, 2023 3:14 PM] The focus on crypto regulation was part of the U.K. government’s plan to fight economic crime, which also included addressing law enforcement's ability to seize and store assets.

Terra co-founder Do Kwon's jail time in Montenegro will be harsh: Report

[Mar 30, 2023 11:35 AM] Now in custody in Montenegro, Do Kwon could be facing "at least a year" behind bars as the country considers extradition requests, according to one criminal defense lawyer.

Sam Bankman-Fried pleads not guilty to bribery, charges from superseding indictment

[Mar 30, 2023 10:11 AM] The former FTX CEO’s legal team argued that, although SBF had entered a not-guilty plea, he did not acknowledge the new charges, which included bribing a Chinese government official.

Sam Bankman-Fried charged with bribing Chinese officials: Court docs

[Mar 28, 2023 7:42 AM] The former FTX CEO is in hot waters once again, as he is facing a new 13-count indictment from authorities in the United States.

President Nayib Bukele Touts El Salvador as the ‘New Land of the Free’ in Vintage Americana Poster Featuring Bitcoin as Legal Tender

[Mar 28, 2023 2:30 AM] President Nayib Bukele is promoting El Salvador as the “new land of the free,” as part of an invitation for foreigners to move to the Latam country. Bukele tweeted a poster in vintage American style that included several advantages that…

South Korea saw over $4B unregistered crypto transactions in 2022

[Mar 7, 2023 6:36 AM] The money was primarily aimed at buying foreign crypto assets to sell on the domestic market.

Sam Bankman-Fried's lawyers request extension for bail condition proposal

[Feb 24, 2023 4:05 PM] According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert.

Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges

[Feb 23, 2023 9:06 AM] The indictment against the former FTX CEO included an additional charge for conspiracy to commit bank fraud and details on his alleged unlawful political contributions.

Do Kwon removed 10K Bitcoin from Terra after collapse — Takeaways from SEC complaint

[Feb 17, 2023 3:30 PM] The SEC complaint included allegations around claims of TerraUSD’s peg, Terra’s relationship to Chai, and co-founder Do Kwon cashing out for millions.

SEC chair issues warning to celebrities promoting crypto amid latest enforcement action

[Feb 17, 2023 12:00 PM] Gary Gensler said investors in crypto projects “should know why celebrities are making those endorsements,” as Kim Kardashian and Paul Pierce did for EMAX through social media.

Judge allows release of guarantors' identities behind Sam Bankman-Fried's bail

[Feb 15, 2023 1:41 PM] Court documents showed Stanford University research scientist Andreas Paepcke and former Stanford Law School dean Larry Kramer signed on as sureties to SBF’s $250-million bond.

Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report

[Feb 9, 2023 12:26 PM] The former FTX CEO’s bail restrictions will remain in place until Feb. 21 following the judge’s ruling to extend a ban on using certain messaging apps.

Judge denies motion allowing SBF to use messaging apps

[Feb 7, 2023 11:30 AM] The judge did not provide a reason for denying the motion “without prejudice” but added the matter would face oral argument in a Feb. 9 hearing.

Crypto exchanges tackle insider trading after recent convictions

[Feb 7, 2023 8:01 AM] The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities.

Interpol wants to police metaverse crimes, reveals secretary general

[Feb 6, 2023 2:40 AM] According to Stock, criminals have started targeting users on platforms similar to the metaverse, adding that “we need to sufficiently respond to that.”

Interpol Is Figuring Out How the Metaverse Will Be Policed

[Feb 5, 2023 11:00 PM] The International Criminal Police Organization, Interpol, is working on how to police the metaverse, a digital world that is projected as an alternative to the real world. Interpol secretary general Jurgen Stock believes the organization must be…

Alleged Mango Markets exploiter waives bail during hearing in federal court

[Feb 2, 2023 3:45 PM] A federal judge presiding over Avraham Eisenberg's criminal case has reportedly set a followup court date for Feb. 14.

Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets

[Jan 30, 2023 3:34 PM] In a Jan. 2 email to FTX CEO John Ray, Sam Bankman-Fried offered to meet in New York City around the time he was to appear in court and enter the plea in his criminal case.

Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’

[Jan 30, 2023 6:00 AM] Binance says it has already unblocked 90% of crypto accounts that were suspended due to the Bitzlato investigation.