News with the tag "DOJ"

Leading exchanges Binance and Kraken have successfully repelled sophisticated social engineering attacks that recently compromised Coinbase, one of their major competitors. This is according to sources familiar with the situation. Still, representatives from Kraken and Binance have yet to confirm or...

The DOJ handed down a prison sentence after the SEC’s social media was hacked to falsely announce bitcoin ETF approval, briefly sending crypto markets into overdrive. DOJ Sentences Hacker for SEC X Breach and Bitcoin ETF Hoax The U.S. Department of Justice (DOJ) announced on May 16 that a resident o...

Prominent gold advocate and financial commentator Peter Schiff has likened beleaguered Celsius Network founder Alex Mashinsky to infamous Ponzi schemer Bernie Madoff. A federal court issued Mashinsky a 12-year prison sentence for defrauding investors through the beleaguered crypto lending platform. ...

The world of cryptocurrency regulation is constantly evolving, and sometimes, we see unexpected twists. A recent development suggests a significant shift in the legal challenges facing a prominent crypto privacy tool. Reports indicate that the New York AG might be considering a pivotal move regardin...

Samourai Wallet lawyers and U.S. prosecutors have jointly requested an extension for their respective pretrial motions after the Department of Justice (DOJ) shifted its stance on digital asset litigation earlier this month, an April 28 court filing shows. Samourai Wallet Founders Push To Drop Case A...

Tornado Cash is officially safe from U.S. sanctions, following a district court ruling on Monday. The Treasury Department’s Office of Foreign Asset Control (OFAC) removed Tornado Cash from its sanctions list in March, several months after an appeals court ruled that the agency had “overstepped its C...

New York prosecutors are seemingly considering whether or not to drop their case against Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill, according to a Monday court filing . In a joint letter to District Judge Richard Berman of the Southern District of New York (SDNY), both p...

Alex Mashinsky, the former CEO of the collapsed cryptocurrency company Celsius Network, may face up to 20 years in prison if the U.S. Department of Justice’s sentencing recommendation is approved. Federal prosecutors said Mashinsky was the architect of a years-long fraud and self-dealing scheme that...

The world of cryptocurrency has seen its share of dramatic rises and falls, but few stories are as impactful as that of Celsius Network and its founder, Alex Mashinsky . Once a titan in the crypto lending space, Mashinsky now faces the severe possibility of spending two decades in prison. This devel...

A significant development is unfolding in the complex world of cryptocurrency regulation and privacy tools, specifically concerning the Tornado Cash case. A coalition of prominent crypto firms has taken a direct step, appealing to the White House to intervene in the criminal proceedings against Roma...