U.S. authorities have dismissed charges against Nader Al-Naji, the founder of the decentralized social network BitClout. Court documents show that the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) withdrew their fraud complaints against him in late February. Last year, federal prosecutors accused Al-Naji of wire fraud,
One of the top crypto exchanges, OKX made it to the headlines today for operating an unlicensed business. It agreed to pay around $505 million worth of fines for violating US anti-money laundering rules. Most of these violations occurred from 2018 to 2024. As per the recent report published by
Cryptocurrency exchange KuCoin has confirmed its settlement with the US Department of Justice. Meanwhile, the overall cryptocurrency community is currently combating the aftermath of the recent market dip. The Ethereum Foundation took to today’s spotlight, by selling huge numbers of ETH tokens during its dip. Notably, KuCoin’s settlement, confirmed a
The community has been contending with the recent price dip after holding out hopes for the 2025 bull run, just the previous day. However, as we exercise our usual optimism the altcoin sector is struggling to prevent price plummets. Meanwhile, the industry has remained quite active, with Ripple leaders meeting
BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme aimed at influencing Japanese government officials to secure a casino license between 2017 and 2019. Former CEO
The U.S. Department of Justice (DOJ) has registered a civil forfeit lawsuit to recover $16 million worth of crypto assets, assumed to be linked to the controversial crypto exchange, FTX and its founder Sam Bankman-Fried. Among the crypto assets, more than half of the assets were held in Solana (SOL),
The U.S. Department of Justice has indicted Aleksei Andriunin, 26, the founder of cryptocurrency financial services firm Gotbit, in a large-scale market manipulation and fraud scheme. Gotbit, along with two of its directors, Fedor Kedrov and Qawi Jalili, has also been charged in connection with these activities. Andriunin, Kedrov, and
The U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have filed lawsuits against Gotbit Consulting, ZM Quant Investment, CLS Global, and several individuals for market manipulation and fraud. The charges primarily involve practices like wash trading, where fake transactions were used to
The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are backing a class action lawsuit against Nvidia that has been revived, according to recent reports. The legal case revolves around claims that Nvidia manipulated its sales related to the cryptocurrency mining sector. In an amicus brief
The U.S. Department of Justice (DOJ) is facing a lawsuit from four individuals, including victims and relatives of state-sponsored terrorism. They accuse the DOJ of delaying and improperly withholding funds from a $4.3 billion settlement involving Binance. The plaintiffs are seeking compensation for the victims. The lawsuit, submitted on September
