The cryptocurrency mixer Sinbad was sanctioned by the US Treasury Department’s Office of Foreign Assets Control (OFAC) on charges that it laundered funds for the North Korean hacker organization Lazarus. The OFAC said on November 29 that Sinbad had handled cryptocurrencies valued at millions of dollars from thefts carried out
In the ongoing legal action against the bankruptcy crypto exchange FTX, CEO Sam Bankman-Fried is getting fired every day. The U.S. Department of Justice (DOJ) has again asserted that Bankman-Fried should be “detained pending trial” due to his sharing of former Alameda Research CEO Caroline Ellison’s diary with the New
The U.S. Department of Justice (DOJ) will target crypto exchanges that engage in or allow criminal activity, such as money laundering. Moreover, the illicit transaction rate has surged up to $20 billion in 2022, which is an increase of 40% from 2021. On Monday, the Financial Times reported that the
The U.S. Department Of Justice (DOJ) proclaimed that law enforcement had seized 18 crypto ATMs in Texas and Oklahoma. These ATMs were obtained from the SBA fraudulent loans which got harmed by the COVID-19 pandemic. And they were accustomed to buying bitcoin from the New York-based cryptocurrency exchange. For this
The U.S. Department of Justice is reportedly looking into whether or not top bankers helped Russian billionaires circumvent sanctions against their nation. Credit Suisse Group AG and UBS Group AG are allegedly two of the institutions under scrutiny. According to Bloomberg, the United States government has subpoenaed a number of
U.S. Department of Justice (DOJ) confirms in a statement that four Forsage founders have been indicted on charges totaling more than $340 million. The authorities claim that Forsage operated using a Ponzi scheme–like system based on smart contracts. Indictments are handed out by grand juries. If prosecutors are able to
With his guilty plea to commodities fraud in a New York district court. Eddy Alexandre, the apparent CEO of cryptocurrency trading platform EminiFX, agreed to reimburse victims of his “cryptocurrency investment scam” to the tune of millions. On February 10th, the US Department of Justice (DOJ) reported that Alexandre pleaded
Hong Kong-origin crypto exchange Bitzlato is shut down by the trio-union regulators – the US Department of Justice, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and French Law Enforcement. As per charges, the exchange is subjected to international enforcement action against money laundering and crypto crimes. U.S. Attorney Breon
The inquiry led to the US Department of Justice seizing 719 Bitcoins. The convict was sentenced to 20 years of prison. For his involvement in the NetWalker ransomware assaults, the US Department of Justice (DOJ) seized 719 bitcoins. This was from 35-year-old Canadian Sebastien Vachon-Desjardins. Almost $22 million worth of
Digital Asset Coordinators Network is the name chosen for the new group. The first head of the DOJ’s national cryptocurrency enforcement unit is Eun Young Choi. The US DOJ has assembled a team of attorneys to handle cases involving crypto-related offences. The Department of Justice (DOJ) reportedly sent in around
