Department of Justice Archives

US: Reginald Fowler faces 7 years in prison over crypto shadow banking activities

Business

Steve Kaaru

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20 April, 2023

US: Reginald Fowler faces 7 years in prison over crypto shadow banking activities

Reginald Fowler, who ran Crypto Capital Corp, is to be sentenced on April 20 and the DOJ is pushing for...

Man sentenced for decade-old 50K+ Bitcoin theft from Silk Road

Business

Jon Southurst

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17 April, 2023

Man sentenced for decade-old 50K+ Bitcoin theft from Silk Road

James Zhong received a one-year and one-day prison sentence in connection with his decade-old offense from the Southern District of...

Former Deutsche Bank associate hit with criminal and civil charges over digital asset fraud

Business

Jordan Atkins

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12 April, 2023

Former Deutsche Bank associate hit with criminal and civil charges over digital asset fraud

The U.S. Department of Justice charged Rashawn Russell with wire fraud, while the CFTC filed a civil enforcement action against...

DOJ nets $112M from fraudsters dabbling in pig butchering scam

Business

Wahid Pessarlay

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10 April, 2023

DOJ nets $112M from fraudsters dabbling in pig butchering scam

Amid turbulence in the digital assets market, fraudulent activities like pig butchering scams continue to proliferate, with the U.S. DOJ...

‘Crypto’ hackers target DeFi, Binance’s vulnerable BNB Chain

Business

Steven Stradbrooke

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5 April, 2023

‘Crypto’ hackers target DeFi, Binance’s vulnerable BNB Chain

A big chunk of crypto-focused financial losses in Q1 are a result of hacking activities, while rug pulls only make...

FTX’s Sam Bankman-Fried charged with bribing Chinese gov’t officials

Business

Steven Stradbrooke

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29 March, 2023

FTX’s Sam Bankman-Fried charged with bribing Chinese gov’t officials

Sam Bankman-Fried has been accused of offering millions in bribes to Chinese officials in the latest criminal charge against the...

Titanium Blockchain CEO gets 4-year prison time over $21M ICO scam

Business

Wahid Pessarlay

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29 March, 2023

Titanium Blockchain CEO gets 4-year prison time over $21M ICO scam

Michael Stollery pleaded guilty to one count of securities fraud in 2022 in a case spearheaded by the DoJ, the...

Bitzlato: Exchange seized by EU, US authorities allows users to withdraw 50% of funds in BTC

Business

Steve Kaaru

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26 March, 2023

Bitzlato: Exchange seized by EU, US authorities allows users to withdraw 50% of funds in BTC

Bitzlato was seized by Europol earlier this year amid a U.S. crackdown for facilitating money laundering, but it has now...

Terra founder Do Kwon arrested in Montenegro

Business

Steve Kaaru

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24 March, 2023

Terra founder Do Kwon arrested in Montenegro

Do Kwon was arrested boarding a flight to Dubai with a second suspect, with forged Belgian and Costa Rican passports;...

Signature Bank in money laundering probe, auction buyer must ditch crypto ops

Business

Steven Stradbrooke

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16 March, 2023

Signature Bank in money laundering probe, auction buyer must ditch crypto ops

Signature Bank was under federal investigation for suspected money laundering by its crypto clients before the New York financial institution...

FBI and New York authorities probe collapse of TerraUSD

Business

James Field

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15 March, 2023

FBI and New York authorities probe collapse of TerraUSD

Building on the SEC's earlier announcement, the U.S. DOJ and FBI are reportedly pursuing fraud charges against Terraform Labs CEO...

AirBit Club execs plead guilty to fraud charges, face 20 years in prison

Business

Wahid Pessarlay

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11 March, 2023

AirBit Club execs plead guilty to fraud charges, face 20 years in prison

Victims saw the red flag in the operation of AirBit Club after all attempts to withdraw their funds failed, cementing...

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