Crimes Financial News

24.07 / 19:39

regulation crimes FTX Court Media Judge in SBF's criminal case proposes gag order, citing attempt to 'influence public opinion'

The federal judge overseeing the criminal case against former FTX CEO Sam Bankman-Fried (SBF) has proposed an order preventing all involved parties and their attorneys from largely contacting the media.

21.07 / 15:57

Law regulation Bitfinex crimes Money laundering Deal Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors

The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement with authorities in the United States.

21.07 / 09:33

defi regulation Altcoin crimes Cybercrime Elliptic Bitcoin Bitcoin no longer asset of choice for criminals - former Elliptic crypto advisor

Crime in Web3 is shifting away from Bitcoin (BTC) to stablecoins while ponzi schemes remain prevalent, according to Elliptic’s former head of technical crypto advisory.

21.07 / 09:33

regulation Department Of Justice crimes Department US Justice Department to double its crypto team, target ransomware crimes

The United States Department of Justice (DoJ) has said it will double the number of staff on its crypto crime team, established two years ago. The unit will grow the number of acting prosecutors more than twice, and get a new leader.

21.07 / 06:19

business regulation Scams crimes Police Canadian police warn crypto investors on growing home robbery trend

A Canadian police department has issued a public warning of a possible trend where high-value cryptocurrency investors are being robbed in their own homes.

20.07 / 02:23

Government regulation SEC crimes Sec Chair No impact from Ripple ruling? SEC chair cites risks from crypto in budget request

United States Securities and Exchange Commission (SEC) Chair Gary Gensler has called for “new tools, expertise, and resources” aimed at addressing misconduct in the crypto space in the regulator’s 2024 budget request.

18.07 / 08:35

business regulation crimes Court Taxes Prison Thodex CEO sentenced to Turkish prison for failure to submit tax documents

Three months after Faruk Fatih Özer — the founder and former CEO of Thodex — was detained in Türkiye, he received a prison sentence of seven months and 15 days for failing to submit documents requested during the trial.

14.07 / 17:03

business Law lending crimes Celsius Everything that's happened with Celsius and Alex Mashinsky so far

On July 13, authorities arrested Alex Mashinsky, the former chief executive officer of Celsius Network. He faces criminal and civil charges stemming from his time at the cryptocurrency lending platform, which he helped co-found in 2017.

12.07 / 19:05

Law CFTC regulation crimes CFTC case against Digitex futures exchange and CEO results in $16M court order

A United States federal court has ordered Digitex CEO Adam Todd to pay roughly $16 million in disgorgement and penalties related to a Commodity Futures Trading Commission (CFTC) case.

12.07 / 06:09

defi Hackers hacks crimes Cybercrime Exploit New York prosecutor charges hacker over $9M exploit of Solana-based exchange

A former security engineer for an international technology firm has been arrested and charged for allegedly using a smart contract bug to steal $9 million in cryptocurrency from a Solana-based decentralized crypto exchange.

11.07 / 18:15

regulation crimes Donations FTX US authorities are investigating former FTX exec for potential campaign finance violations: Report

Prosecutors in New York are reportedly looking into former FTX Digital Markets co-CEO Ryan Salame for potential violations of campaign finance law in the United States.

05.07 / 19:15

business crimes transactions Terra Crypto user moves $160M Bitcoin from Luna Foundation Guard wallet: Report

An unknown party has moved more than $160 million worth of Bitcoin from a wallet reportedly tied to Luna Foundation Guard (LFG), the organization connected to Terraform Labs and its co-founder Do Kwon.

04.07 / 20:59

Government regulation crimes UK government moves forward on bill aimed at empowering authorities to seize crypto

Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes.

03.07 / 19:11

Law regulation crimes 'A lot of the bad actors have been shaken out of the market' — Bitvo CEO

Pamela Draper, president and CEO of crypto platform Bitvo, has weighed in on firms escaping the Canadian market amid the regulatory environment.

28.06 / 12:07

crimes Cybercrime Money laundering Terrorism Bitcoin Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies.

27.06 / 17:47

Law regulation crimes FTX Judge says arguments behind SBF’s motions to dismiss criminal charges are ‘moot or without merit’

A federal judge overseeing the case against former FTX CEO Sam Bankman-Fried (SBF) has denied motions from his legal team seeking to dismiss all but three criminal charges against him.

26.06 / 13:05

business Adoption Scams crimes Cybercrime Crypto scams How security, education and regulation can mitigate rising crypto scams

Crypto losses to bad actors have significantly increased in the last two years, but cybersecurity experts believe there is no cause for concern, as most new tech is exploited during the early days of its use.

16.06 / 16:41

Law regulation crimes Court Mango Markets exploiter behind alleged $116M theft will stand trial in December

The criminal case against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets will be moving forward in the United States, with a trial scheduled for Dec. 4.

16.06 / 02:05

Law regulation crimes FTX Court Fried Sam Judge will consider whether to try Sam Bankman-Fried separately for superseding charges: Report

A United States federal judge is reportedly weighing a proposal to split former FTX CEO Sam Bankman-Fried’s (SBF) criminal charges into two trials following a filing from prosecutors.

06.06 / 19:16

regulation crimes Court LUNC Terraform Labs Terra bail Do Kwon out on bail once again after court dismisses prosecution appeal

According to an official release from the court, an appeal against an earlier bail agreement by the State Prosecutor’s office was cast aside allowing Do Kwon and Terraform Labs’ chief financial officer Han Chang-Joon to await further legal proceedings under house arrest in the country.

06.06 / 16:58

Adoption regulation Report crimes Research compliance Fines and regulation: The ever-growing landscape of crypto compliance

It is a goal of many in the crypto industry to evolve the space and bring it into the mainstream, but the industry still faces constant criticism from and continues to be regulated by individuals who may not fully understand how it works. Regulatory bodies worldwide have been increasingly vigilant in addressing potential risks and ensuring compliance within the crypto space.

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