DOJ – Page 4 – Ƀitsell X

DOJ Counters Tornado Cash Developer Roman Storm’s Defense, Asserting Money Transmitting Operations

April 28, 2024

The US Department of Justice (DOJ) has rejected Tornado Cash developer Roman Storm’s motion to dismiss criminal charges, arguing that the defense’s filing presented disputed facts that should be weighed by a jury rather than being resolved in an early-stage motion. Storm, along with fellow developer Roman Semenov, was charged by the DOJ with conspiracy to commit money laundering, conspiracy to operate an unlicensed…
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DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer

April 28, 2024

In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The…
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The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns

April 26, 2024

Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have fueled a widespread belief that a targeted campaign against non-custodial wallets is now underway. Debate Over Crypto Wallet Regulation…
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DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing FTX Connections

April 16, 2024

The Department of Justice (DOJ) is reportedly reconsidering selecting a prominent New York law firm to handle a critical assignment related to Binance, due to the firm’s prior work for rival exchange FTX. As part of a plea agreement resolving anti-money laundering and sanctions violations charges, the DOJ and the Treasury Department’s Financial Crimes Enforcement…
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KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money Laundering Violations

March 26, 2024

Source: KuCoin Crypto exchange KuCoin and two of its founders just got charged by US authorities for operating as an illegal exchange in the USA, as well as for failing to implement anti-money laundering protocols. The Department of Justice (DoJ) charged KuCoin and two of its founders Chun Gan and Ke Tang with violating the…
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Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations

March 26, 2024

The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the…
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US Department of Justice Takes Action Against $2.3 Million ‘Pig Butchering’ Scam

March 14, 2024

The U.S. Department of Justice has initiated a legal move to seize $2.3 million in cryptocurrency, funds that are traceable back to an elaborate “pig butchering” scam. According to the official press release by the U.S. Attorney’s Office, District of Massachusetts, the authority filed a civil forfeiture action to recover the funds connected to an…
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DOJ Charges Trio Behind $400 Million SIM Swap Attack on FTX

February 4, 2024

The United States Department of Justice has charged three individuals accused of masterminding the SIM-swapping attack that siphoned over $400 million from FTX. The indictment of the trio appears to undercut claims that incarcerated FTX founder Sam Bankman-Fried was the mastermind behind the hack. FTX’s Lax Security The U.S. Department of Justice (DOJ) has leveled…
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US Government to Sell $116 Million in Bitcoin Seized From Darknet Dealer ‘Xanaxman’

January 26, 2024

The forfeiture division of the U.S. government has announced its plan to sell 2,933.64 bitcoin. These were confiscated from Ryan Farace, who faced charges in 2021 for laundering proceeds from drug trafficking. Farace, also known by his alias Xanaxman, disclosed in his plea agreement that he utilized the infamous Silk Road marketplace. U.S. Forfeiture Division…
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The DOJ “Led the Way” in Defining Boundaries for the Crypto Industry in 2023: Former US Prosecutor

January 1, 2024

Image source: Reuters In 2023, the Department of Justice (DOJ) emerged as a leading force in defining the boundaries of the cryptocurrency industry through high-profile criminal prosecutions. While the Securities and Exchange Commission (SEC) filed civil lawsuits against major players in the sector, it was the DOJ that garnered attention with its rapid resolutions. Within…
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