Tag Archives: DoJ

Despite the ongoing legal battle with CZ Binance and the US government, market experts believe the company will continue to maintain its position as the biggest crypto exchange in the world.  Changpeng Zhao (CZ), the founder and former CEO of the world’s largest cryptocurrency exchange Binance has hired Matthew Diggs, an ex-prosecutor in the United States with years of criminal and regulatory experience, to defend his interests in the ongoing settlement saga with the government. Recall...

In his latest remarks, Kraken co-founder Jesse Powell spoke about the current state of the cryptocurrency industry amidst a backdrop of significant regulatory actions. Powell’s comments came shortly after a settlement between Binance and the U.S. Department of Justice, resulting in a $4.3 billion fine for Binance. Jesse Powell Critiques Regulatory Landscape In a recent post on X, Powell expressed his thoughts on the $4.3 billion fine settlement between Binance and the U.S....

The potential resolution of the US criminal investigation into Binance marks a critical juncture for the crypto industry. If Binance agrees to the proposed fine, it would represent one of the largest settlements in the history of the crypto market. The crypto market experienced a surge of cautious optimism as reports emerged regarding the possible resolution of Binance’s longstanding US criminal investigation with the United States Department of Justice (DoJ). Binance’s Reported...

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Tether, the USDT issuer, has announced the freezing of 225 million in USDT tokens. Globally, USDT has a market cap of $87.7 billion. It also offers dollar exposure to individuals who cannot access the dollar in their own market.  According to Tether, it traced the frozen funds to an international human trafficking ring in Southeast Asia. This move followed a collaboration...

The U.S. Department of Justice (DOJ) has arrested security engineer Shakeeb Ahmed for engaging in the $9 million theft of an unnamed decentralized crypto exchange (DEX). The DOJ Has a Suspect The DOJ alleges Shakeeb created fake pricing data to generate fees through the exchange, which later allowed him to make ongoing withdrawals. He was arrested in mid-July of this year – approximately 12 months after he took part in the attack – following several days of...

CoinspeakerFormer FTX CEO’s Defense Slams DOJ’s Attempt to Revoke Bail The DOJ claims that Bankman-Fried's actions amounted to witness tampering and obstruction of justice and that he should be remanded. Former FTX CEO’s Defense Slams DOJ’s Attempt to Revoke Bail

CoinspeakerUS DoJ Accuses Sam Bankman-Fried of Leaking Ellison’s Diary to Press The DoJ said that SBF was trying to discredit Ellison, who has already pleaded guilty of the charges and showed willingness to cooperate in the investigation. US DoJ Accuses Sam Bankman-Fried of Leaking Ellison’s Diary to Press

Chip Mixer – a notorious crypto tool designed to hide where digital currencies have been garnered or who they’re being used by – has been shut down by authorities with the Department of Justice (DOJ). At the time of writing, it is believed the tool allowed cyberthieves and assorted criminals to launder as much as $3 billion in illicit digital funds. Chip Mixer Is No More The DOJ also put out a statement claiming to have shuttered two sites associated with Chip Mixer...

As per the Department of Justice, the executive took investors money saying that he would invest in high-yielding altcoins but actually used the money for his personal benefits. On Tuesday, April 11, the US Justice Department announced that a former investment banker who served at JPMorgan and the Deutsche Bank will face up to 20 years of jail term for allegedly committing crypto fraud. The DOJ arrested Rashawn Russell, 27, the registered broker, and shall be arraigned soon in the New...

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