Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor
[Aug 2, 2023 11:04 AM] The price of bitcoin (BTC) and Binance's BNB token immediately fell following the report.
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Why Is Bitcoin Price Down Today?
[Aug 1, 2023 12:24 PM] Today, Bitcoin took another dive, this time to its lowest level since June 21. A check on Bitfinex reveals a BTC price slump to $28,641. Coinbase, America’s largest crypto exchange, reported an even more drastic drop to $28,478. Although the…
Aliens Exist. And They Use Cryptocurrency
[Jul 28, 2023 12:26 PM]
Sam Bankman-Fried Accused of Leaking Diary Excerpts to Discredit Key Witness
[Jul 21, 2023 8:00 AM] A court document penned by U.S. Department of Justice attorney Damian Williams alleges FTX co-founder Sam Bankman-Fried released diary excerpts from former Alameda CEO Caroline Ellison. The U.S. attorney asserts that Bankman-Fried intended to…
Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring
[Jul 15, 2023 2:00 PM] Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was…
Alex Mashinsky Built Celsius Into a House of Cards
[Jul 13, 2023 12:29 PM]
New York prosecutor charges hacker over $9M exploit of Solana-based exchange
[Jul 11, 2023 11:56 PM] A skilled computer security engineer has been charged with wire fraud and money laundering related to an attack on a decentralized exchange.
U.S. Department of Justice Arrests Engineer Over $9M Crypto Theft
[Jul 11, 2023 10:39 AM] The U.S. Department of Justice arrested a security engineer on wire fraud charges, alleging he stole $9 million worth of crypto from an unnamed decentralized cryptocurrency exchange.
DOJ Charges Moroccan Man With Stealing $450K in OpenSea Spoofing Scam
[Jul 10, 2023 1:54 PM]
U.S. Senator Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum
[Jul 10, 2023 10:25 AM] U.S. Senator Thomas Tuberville (R-Ala.) wrote an open letter to Attorney General Merrick Garland and Securities and Exchange Commission (SEC) Chair Gary Gensler asking them to investigate Prometheum, a special-purpose broker that recently secured…
Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US
[Jun 29, 2023 2:30 AM] The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating…
5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle
[Jun 17, 2023 11:30 AM] The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed”…
Double trouble: FTX founder Sam Bankman-Fried faces two criminal trials
[Jun 15, 2023 9:19 PM] A District Judge ordered a separate trial for the DOJ's charges against Sam Bankman-Fried which were added following his extradition to the U.S.
Judge Punts on FTX Founder Sam Bankman-Fried's Efforts to Dismiss Some Charges
[Jun 15, 2023 10:55 AM]
U.S. Justice Department Agrees to Try Sam Bankman-Fried on Original Charges Only for Now
[Jun 14, 2023 10:50 PM] Prosecutors with the U.S. Department of Justice wrote late Wednesday night that they would agree to try FTX founder and former CEO Sam Bankman-Fried on only the original eight charges filed in January after a court in the Bahamas blocked the local…
Former SEC Official Predicts Impending DOJ Indictment Against Binance
[Jun 11, 2023 9:30 PM] Former Securities and Exchange Commission (SEC) official John Reed Stark said on Sunday via Twitter that he believes the U.S. Department of Justice (DOJ) has filed or will file a criminal indictment related to Binance. Stark, who draws from his…
U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg
[Jun 8, 2023 6:17 AM] Two senate democrats, including Sen. Elizabeth Warren, allege in a letter that the platform may have lied about Binance.US being an independent entity.
U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network
[May 15, 2023 1:14 PM] Criminal extortion charges against Steven Nerayoff, an early adviser to the Ethereum network, were dismissed by a New York judge on May 5, ending a three-and-a-half year legal battle that included explosive allegations he made against U.S…
US DoJ Goes After Rogue Exchanges As Crypto Crimes Grow ‘Significantly’
[May 15, 2023 3:00 AM] Eun Young Choi, the first director of the National Cryptocurrency Enforcement Team (NCET), has told reporters that crypto-related crimes have risen significantly in recent years. Through her team, the United States Department of Justice (DoJ) now…
U.S. DOJ's Crypto Enforcement Director Promises Crackdown on Illicit Behavior on Exchanges: FT
[May 15, 2023 2:42 AM] Eun Young Choi said the DoJ is targeting crypto exchanges that allow "criminal actors to easily profit from their crimes and cash out,"
What’s the Reality of Crypto in Crime?
[May 11, 2023 11:57 AM] The DOJ's Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?
Binance Reportedly Investigated in US for Russia Sanctions Violations
[May 7, 2023 1:30 AM] Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial…
Leader of Miami Trio Pleads Guilty to $4M Bank, Crypto Fraud Charges
[Apr 26, 2023 11:03 AM] The U.S. Department of Justice last year charged three members of a Miami crew for participating in a crypto-related scheme from 2020.
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
[Apr 16, 2023 1:30 AM] On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more…
US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
[Mar 25, 2023 3:30 PM] Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under…
OneCoin head of compliance facing 40 year sentence after US extradition
[Mar 21, 2023 11:46 PM] The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws.
Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.
[Mar 21, 2023 10:48 AM] OneCoin's victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014.
Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem
[Mar 20, 2023 9:44 AM]
DOJ and SEC to probe SVB collapse and insider stock sales: Report
[Mar 14, 2023 8:15 PM] The investigations are separate from one another but will both look into Silicon Valley Bank's collapse and stocks sold by executives prior to its fall.