Tag: Criminal

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Sam Bankman-Fried needs more Adderall to focus during trial, say lawyers

Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial. FTX co-founder Sam Bankman-Fried has asked a United States judge for long-release Adderall, saying he’s finding it hard to concentrate properly during his criminal trial. In an Oct. 15 letter to…
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Terraform Labs CEO Do Kwon Faces Extradition to South Korea

According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found…
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Criminal use of crypto an ‘emerging threat’ — Australian police

Law enforcement will need to “continually evolve” in order to keep pace with criminals, Australia’s federal police said. Australia’s federal law enforcement agency has highlighted the criminal use of cryptocurrency as an “emerging threat” in the country but says it’s a continuous challenge to keep up the pace with criminals.  A spokesperson for the Australian…
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Congress worries crypto used to fund domestic terrorism, Capitol insurrection

U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection. A U.S. Congress subcommittee is investigating if domestic extremists are turning to cryptocurrency as a source of funds for their activities. On Feb. 25, the Subcommittee on National Security, International Development, and…
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Why the BitMEX charges could be bad news for DeFi

Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance In the aftermath of criminal charges against BitMEX, the crypto community is debating whether the decentralized finance sector is also set to face the wrath of regulators. On Oct 1, the U.S. Commodity Futures Trading Commission…
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