A Russian ransomware kingpin extradited from South Korea to the U.S. faces charges for orchestrating the $16 million Phobos malware targeting global critical infrastructure. Justice Catches Up: The Fall of a Ransomware Kingpin The U.S. Department of Justice (DOJ) announced Monday that Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to…
The U.S. Department of Justice (DOJ) announced Tuesday that Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering, admitting to laundering over $73 million from cryptocurrency investment scams. Li, 41, operated through a network of shell companies, international bank accounts, and cryptocurrency, specifically…
Ilya Lichtenstein, a 35-year-old programmer, was sentenced to five years in prison for his part in laundering Bitcoin stolen from the Bitfinex crypto exchange. The U.S. Department of Justice (DOJ) announced the sentence, marking a significant development in a case involving the theft of nearly 120,000 BTC, valued at $71.8 million in 2016 but worth…
A Bloomberg report suggests that the prediction market Polymarket has caught the eye of the U.S. Department of Justice (DOJ), potentially facing a probe. ‘In the Face of Adversity, We Build’: Polymarket Responds to Scrutiny From Federal Authorities After an FBI raid on Polymarket CEO Shayne Coplan’s residence, Bloomberg reports that the DOJ has initiated…
The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to seize cryptocurrency worth about $16 million held in a Binance account. This action is the result of a years-long investigation into suspected illegal activities tied to alleged bribery schemes involving FTX founder Sam Bankman-Fried, also known as SBF. The Alleged Bribery Scheme…
The U.S. DOJ seeks to seize $16M in crypto from a Binance account. More than half of the tokens in the account were Solana. 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…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 A Chinese dual citizen, Daren Li, recently pleaded guilty to money laundering millions of dollars linked to various crypto investment scams in the United States, marking a milestone in the Justice Department’s ongoing battle against international crypto fraud. Crypto Money Laundering Scheme Exposed According to a plea agreement filed…
The US Department of Justice (DOJ) has launched a website to collect information from individuals affected by the 2016 Bitfinex hack, according to a Nov. 7 statement. The DOJ announced it was inviting statements from those impacted by the hack, including affected Bitfinex account holders. This initiative aims to gather details on how the hack…
Aleksei Andriunin faces charges of wire fraud and market manipulation. Gotbit allegedly created an artificial trading volume for cryptocurrency clients. 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…
SEC Chair Gary Gensler, facing bipartisan pressure and Trump’s vow to remove him, defended the agency’s regulation by enforcement. SEC Chair Stands Firm: ‘We’re Going to Continue to Do That Which We Do Well’ U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has reaffirmed his regulatory approach despite calls for his dismissal and former…
The U.S. Department of Justice (DOJ) has joined an international crackdown on infostealer malware, seizing servers, domains, and crypto accounts linked to the theft of millions of credentials. International Operation Disrupts Redline and META Infostealers The U.S. Department of Justice (DOJ) announced Tuesday a coordinated international operation to disrupt Redline and META infostealers, malware that…
A crypto exchange tied to Silk Road and alleged money laundering schemes now has its operator facing serious federal charges and prison time. Silk Road Connections Resurface as DOJ Targets Crypto Tycoon in $30M Scandal The U.S. Department of Justice (DOJ) announced on Monday that a federal grand jury in Indianapolis has indicted Maximiliano Pilipis,…
October 27, 2024 at 09:55 PM GST updated: October 27, 2024 at 09:13 PM 2 mins read News The judiciary probes Tether’s possible use in illegal activities, which creates rising concerns over stablecoin reliability. Tether’s USDT briefly loses its dollar peg amid DOJ inspection, impacting crypto market prices and leading to a substantial selloff. The…
Indictments reveal how eight Chinese firms used cryptocurrency to obscure profits from illegal chemical sales. US Indicts Chinese Firms Using Cryptocurrency in Illicit Trade The U.S. Department of Justice (DOJ) has unsealed indictments against eight China-based chemical companies and employees for their alleged involvement in trafficking fentanyl precursor chemicals and laundering money through cryptocurrency. Filed…
The U.S. has accused a businessman of running an unlicensed cryptocurrency operation that allegedly enabled secretive “off-the-books” transactions. Unlicensed Crypto Transactions: Businessman Christopher Scanlon Indicted on Federal Charges Christopher James Scanlon, a Florida-based businessman, faces federal charges for allegedly operating an unlicensed cryptocurrency and fiat currency transmitting business, the U.S. Department of Justice (DOJ) announced….
October 19, 2024 at 12:40 PM GST 2 mins read News Ex-Olympian accused of leading billion-dollar cocaine ring, using Tether to evade authorities. FBI hunts Ryan Wedding, indicted for crypto-driven drug trade linked to violent cartel activities. Tether faces scrutiny as the DOJ links stablecoin to international drug trafficking operations. Federal authorities have charged former…
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses. The money laundering conspiracy charge could result in a 20-year prison…
Turbo is trending at around all-time highs. The upswing started in mid-September and initiated a move up that saw the AI meme coin break above local resistances, which is now supported and propelling valuation to record highs. At press time, TURBO is changing hands at $0.010 but is down nearly 20% from this week’s highs….
Gotbit and others face charges of manipulating crypto markets using wash trading. U.S. agencies target 18 individuals across multiple countries for fraud. 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…
The DOJ and SEC are backing a class action lawsuit against Nvidia, urging the Supreme Court to proceed with it. The lawsuit alleges that Nvidia misrepresented over $1B in sales to crypto miners and downplayed their importance. The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) are backing a class action…
A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement crediting significant investigative efforts for his capture. FBI Cracks Global Cryptocurrency Theft Network The U.S. Department of Justice (DOJ)…
The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown on cybercriminals. Targeting seven individuals, the group is infamous for deploying Dridex malware and Bitpaymer ransomware. This move highlights international efforts to combat cyber threats. US Expands Sanctions on Evil Corp Amid Global Ransomware Crackdown…
Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering millions for victims. According to the stablecoin issuer, it has…
U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency platforms. The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) recovered the funds using blockchain tracing. DOJ Seizes $6 Million in…
Two Russian nationals have been charged with running a massive money laundering network that processed billions through cryptocurrency exchanges, the U.S. Department of Justice (DOJ) announced. These exchanges, including Cryptex and Joker’s Stash, enabled criminals to bypass regulations and funnel funds from fraud, ransomware, and darknet activities. U.S. authorities, in collaboration with international law enforcement,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Four individuals affected by state-sponsored terrorism have recently filed a lawsuit against the United States Department of Justice (DOJ), demanding that a portion of the $4.3 billion settlement with cryptocurrency exchange Binance be allocated to the Victims of State Sponsored Terrorism Fund. The suit, lodged on September 25 in…
Four victims or family members of victims of state-sponsored terrorism have sued the U.S. DOJ in federal court. The lawsuit accuses the DOJ of improperly delaying or withholding the distribution of funds from Binance’s $4.3 billion settlement. The U.S. Department of Justice (DOJ) is facing a lawsuit from four individuals, including victims and relatives of…
The U.S. Department of Justice (DOJ) has sentenced 12 individuals for a series of violent home invasions aimed at stealing over $3.5 million in cryptocurrency. The group’s leader received 47 years in prison, while his accomplice was sentenced to 20 years. “The victims were held at gunpoint in their home,” the DOJ stated, adding that…
A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions to the IRS. The bitcoin investor now faces up to three years…
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June…
September 6, 2024 at 11:40 AM GST updated: September 6, 2024 at 01:50 PM 2 mins read News Binance founder Changpeng Zhao is permanently banned from managing the company but retains influence as the majority shareholder. Zhao holds 90% of Binance shares, granting him voting rights on key decisions despite being banned from day-to-day operations….
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against a cryptocurrency firm. As part of the settlement, Robinhood must allow customers to withdraw cryptocurrencies to their own…
September 4, 2024 at 09:01 AM GST updated: September 4, 2024 at 09:07 AM 2 mins read News Nvidia’s stock dropped 9.5%, erasing $279 billion in market cap amid a Justice Department antitrust investigation. The Nasdaq and S&P 500 fell over 3% and 2% respectively, triggered by Nvidia’s sharp decline. Bitcoin fell to $56,000 as…
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators traced the…
August 24, 2024 at 09:17 PM GST updated: August 24, 2024 at 07:58 PM 2 mins read News Tether’s strong ties with law enforcement led to the recovery of millions in USDT, curbing crypto crime globally. Tether’s market cap surged by $820M, showing its growing role in securing digital assets and battling crypto fraud. Pig-butchering…
A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and a significant fine. Rhode Island Man Pleads Guilty in $25 Million…