News with the tag "US DOJ"

Aux Cayes FinTech Co. Ltd, a subsidiary of OKX Exchange, has resolved a probe from the United States Department of Justice (DOJ). The firm reportedly paid $84 million in fees and agreed to a bigger asset forfeiture to settle the probe. OKX US DOJ Probe Now One in Many Notably, the investigation into...

A Brazilian man accused of running a big Bitcoin fraud has appeared in a U.S. court in Seattle after being sent from Switzerland. Douver T. Braga, 48, is facing 13 charges of fraud and conspiracy related to the Trade Coin Club (TCC). The platform claimed to offer high profits but was a Ponzi scheme....

The United States Department of Justice (DoJ) has taken action against CLS Global FZC LLC, a cryptocurrency financial services firm accused of fraudulent trading practices. According to the DoJ in a press release uploaded on January 21, CLS Global has agreed to plead guilty to charges of conspiracy ...

Bitcoin and the general market seemed to have steadied their ship after garnering some momentum to build on in the first week of the year. Unfortunately, the sector appears to be back where it started, with the total market capitalization declining by nearly 3% in the last week. One of the events th...

The U.S. Department of Justice (DOJ) says it has nearly recovered all the losses suffered by tens of thousands of investors in the largest Ponzi scheme in history. In a press release, the DOJ says that throughout the course of a decade, it has disbursed more than $4.3 billion to 40,930 victims of a ...

According to the latest reports , the United States has made efforts to disrupt illicit crypto-related networks that support North Korea’s government, announcing sanctions against two individuals and one entity in the United Arab Emirates (UAE). The US Treasury Department particularly said the parti...

The US Department of Justice has announced the sentencing of Michael Joseph McElhiney, a Spokane resident, to over three years in federal prison for operating a fraudulent crypto investment scheme. The fraud, which spanned over a year, defrauded multiple investors of more than $350,000. The sentenci...

Roger Ver, known as “Bitcoin Jesus,” contests US DOJ tax evasion charges, alleging political retaliation over his crypto advocacy.

The Polish police detained a Russian citizen linked to the now-collapsed WEX exchange for alleged fraud and money laundering. US authorities solicited his extradition for his crypto-related crimes and currently await the completion of the extradition process. WEX’s ‘Crypto King’ Detained In Poland O...

As the crypto market continues to offer lucrative opportunities for investors, it has also attracted malicious actors who consistently devise new schemes to defraud inexperienced or beginner investors. The latest press release by the US Department of Justice (DoJ) highlighted a recent example of suc...