Storm’s lawyers say their client had nothing to do with the criminals using Tornado Cash. Prosecutors say he was capable of stopping them, and chose not to.
Opening arguments are set to begin shortly.
The FBI raided Polymarket founder Shayne Coplan's home last year.
Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin America and some parts of the U.S.
The Tornado Cash developer is slated to go on trial later this summer.
The developers claim Samourai Wallet never handled user funds and should not be considered a financial institution.
Most of the individuals were arrested this week in California.
U.S. prosecutors levied charges against suspected Sinaloa Cartel bosses as onchain analytics startups traced stablecoin transfers in the fentanyl ecomomy.
At most, the late disclosure impacts one of the two charges against Samourai Wallet’s co-founders, prosecutors said in their Friday letter to the judge.
Before SDNY prosecutors filed charges in the case, FinCEN told them that Samourai Wallet didn’t meet the definition of a money transmitting business.
In December, a U.S. appeals court ruled that the U.S. Treasury’s Office of Foreign Asset Control (OFAC) exceeded its statutory authority in sanctioning Tornado Cash.
The co-founders are each facing up to 25 years in prison for alleged money laundering and unlicensed money transmitting.
Two Long Island men in a father-and-son crypto scheme have been sentenced to 24 years in combined sentences.
According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and luxury products.
The US Department of Justice (DOJ) has initiated a review of how victims of digital asset fraud are compensated, following concerns over outdated valuation methods. According to a recent internal DOJ memo, many investors affected by crypto platform collapses, such as FTX, Celsius, Voyager, Genesis, BlockFi, and Gemini Trust, have only received reimbursement based on […]
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In February, the Seychelles-based exchange paid the DOJ $500 million to settle charges it had operated in the U.S. without a money transmitter license.
A group of US Democratic lawmakers, led by Senator Elizabeth Warren, has strongly criticized the Department of Justice (DOJ) for shutting down its National Cryptocurrency Enforcement Team (NCET). In an April 10 letter, the group expressed concern that the move undermines efforts to combat growing criminal activity tied to digital assets. The NCET, disbanded on […]
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In a letter to Deputy Attorney General Todd Blanche on Thursday, the six lawmakers urged him to reconsider his recent decision to disband the DOJ’s crypto enforcement squad.
“The Department of Justice is not a digital assets regulator,” U.S. Deputy Attorney General Todd Blanche said in the Monday night memo.
The US Department of Justice (DOJ) has reportedly shut down the National Cryptocurrency Enforcement Team (NCET), its specialized division tasked with investigating crypto-related crimes. The move, confirmed through an internal memo cited by Fortune in an April 8 report, reflects a significant shift in federal oversight of the emerging industry. NCET’s closure NCET was launched […]
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The DOJ closed a crypto hit squad established by Biden's government as agencies align with President's Trump pro-blockchain administration.
The US Department of Justice (DOJ) has charged television director Carl Erik Rinsch with defrauding a major streaming company of $11 million. In a March 18 statement, Acting US Attorney Matthew Podolsky said: “Carl Erik Rinsch orchestrated a scheme to steal millions by soliciting a large investment from a video streaming service, claiming that money would […]
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Besciokov is charged with money laundering conspiracy, conspiracy to violate sanctions and conspiracy to operate an unlicensed money transmitting business.
Estonian nationals Sergei Potapenko and Ivan Turõgin each face a maximum sentence of 20 years in prison.
Crypto advocacy group DeFi Education Fund has urged the US Department of Justice (DOJ) to reconsider its approach to holding DeFi protocol developers accountable for users’ actions. In a blog post published on Feb. 4 by Andreessen Horowitz (A16z), co-authors Miller Whitehouse-Levine and Amanda Tuminelli from the DeFi Education Fund argued that developers should not […]
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KuCoin has pleaded guilty to U.S. criminal charges related to operating an unlicensed money-transmitting business.
Michael Lewellen has asked a Texas federal court to determine that his crypto startup is within the law and to block the Department of Justice from prosecuting him.
The plaintiff is seeking a declaratory judgment protecting his forthcoming crypto crowdfunding project from being prosecuted for unlicensed money transmitting.
Chhipa sent $185,000 in cryptocurrency to ISIS members in Syria, funding prison escapes and fighters.
A Texas Bitcoin investor faces prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent.