Department of Justice Archives

SEC steps in at the last minute to block Binance.US Voyager Digital acquisition

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10 March, 2023

SEC steps in at the last minute to block Binance.US Voyager Digital acquisition

The Securities and Exchange Commission and the New York Department of Financial Services had opposed the deal, the latter alleging...

Norway recovers nearly $6M from 2022’s infamous Ronin hack

Business

Wahid Pessarlay

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21 February, 2023

Norway recovers nearly $6M from 2022’s infamous Ronin hack

Working with the FBI and DOJ, Norway successfully recovered $5.9 million worth of digital currencies from the Ronin hack perpetuated...

EminiFX chief pleads guilty to fraudulent scheme worth over $240M

Business

Wahid Pessarlay

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19 February, 2023

EminiFX chief pleads guilty to fraudulent scheme worth over $240M

Eddy Alexandre, CEO of EminiFX, is accused of luring investors with the promise of earning high returns on their investments...

FTX’s Sam Bankman-Fried faces digital dark age for violating bail conditions

Business

Steven Stradbrooke

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16 February, 2023

FTX’s Sam Bankman-Fried faces digital dark age for violating bail conditions

U.S. District Court Judge Lewis Kaplan has ordered SBF to refrain from using VPN when accessing the internet from his...

BTC scammer who paid Steven Seagal for promotion sentenced to 60 months in prison

Business

Steve Kaaru

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6 February, 2023

BTC scammer who paid Steven Seagal for promotion sentenced to 60 months in prison

John DeMarr, founder of B2G and StartOptions, paid actor Steven Seagal to promote that investing in his tokens would yield...

Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary

Business

Steven Stradbrooke

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6 February, 2023

Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary

The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and...

My Big Coin founder Randall Crater gets 8 years in prison over $7.5M fraud

Business

Wahid Pessarlay

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4 February, 2023

My Big Coin founder Randall Crater gets 8 years in prison over $7.5M fraud

The founder of My Big Coin, a scheme found to be a sham, becomes the first digital asset executive to...

US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder

Business

Steven Stradbrooke

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19 January, 2023

US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder

The DoJ’s complaint against Anatoly Legkodymov, a senior executive and major shareholder of Bitzlato, notes that it was founded in...

Bitconnect promoter ordered to pay $17M to 800 fraud victims

Business

Wahid Pessarlay

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16 January, 2023

Bitconnect promoter ordered to pay $17M to 800 fraud victims

The DOJ's filings indicate that the project's founders diverted the funds and began operating a "textbook Ponzi scheme by paying...

Mutant Ape Planet founder faces charges over $2.9 million fraud scheme

Business

Wahid Pessarlay

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11 January, 2023

Mutant Ape Planet founder faces charges over $2.9 million fraud scheme

In a classic rug pull, Aurelien Michel allegedly absconded with the funds and abandoned the Mutant Ape Planet project, leaving...

US feds probe Digital Currency Group financial transfers to Genesis

Business

Steven Stradbrooke

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9 January, 2023

US feds probe Digital Currency Group financial transfers to Genesis

The DoJ and the SEC are probing DCG’s transactions with Genesis, while prosecutors in New York are seeking documents as...

Sam Bankman-Fried pleads not guilty, shots fired over FTX assets

Business

Steven Stradbrooke

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4 January, 2023

Sam Bankman-Fried pleads not guilty, shots fired over FTX assets

SBF pleaded not guilty to charges that include wire fraud, commodities fraud, securities fraud, conspiracy to commit said frauds, and...

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