The week saw dramatic developments in crypto regulation—from sweeping new legislation in the U.S. Senate to the largest crypto seizure in U.S. history. As lawmakers move to formalize stablecoin rules and enforcement agencies crack down on fraud, the digital asset industry continues to operate under increasing crypto regulation and legal scrutiny. Here’s your roundup of […]
The U.S. Secret Service shattered records with a $225 million crypto seizure, spotlighting Tether’s role in dismantling global digital asset fraud at scale. US Secret Service Achieves Largest $225M Crypto Bust With Tether’s Support Digital asset firm Tether announced on June 18 that the United States Department of Justice (DOJ) has recognized its cooperation in
Tether Aids $225M Seizure in US Secret Service’s Largest Crypto Bust Ever Read More »
Tether, the issuer of the world’s largest stablecoin, has been commended by the U.S. Department of Justice (DOJ) for assisting in a major enforcement operation. The collaboration led to the seizure of approximately $225 million in USDT tied to a global “pig butchering” scam, a large-scale fraud scheme that used sophisticated crypto tactics to deceive
Tether Assists DOJ in $225M Stablecoin Seizure Linked to ‘Pig Butchering’ Scam Read More »
The U.S. Department of Justice has recovered $680,000 tied to a crypto exploit and is in the process of returning funds stolen through a Safemoon smart contract vulnerability. DOJ Recovers Funds Exploited in Safemoon Attack The U.S. Department of Justice (DOJ) announced on June 12 that it has seized and is in the process of
$680K From Crypto Exploit Recovered: DOJ Returning Funds to Victim Read More »
The DOJ shut down Gotbit in a sweeping crackdown, seizing $23 million in crypto and exposing years of fake trading volume that misled investors and platforms. DOJ Forces Market Manipulator Gotbit to Shut Down The U.S. Department of Justice (DOJ) announced on June 13 that Gotbit Consulting LLC, a cryptocurrency-focused financial firm based in Russia
Gotbit Ordered to Dissolve After DOJ Seizes $23M in Crypto Read More »
The U.S. Department of Justice (DOJ) has seized 145 domains and cryptocurrency funds tied to the BidenCash identity theft marketplace, a dark web platform that trafficked in stolen payment card data and personal information. Operational since March 2022, BidenCash facilitated the sale of more than 15 million compromised records, serving over 117,000 users and generating
US Seizes Crypto and 145 Domains From Identity Theft Marketplace Read More »
Federal agents just seized $868K in crypto after busting a slick romance-fueled scam that funneled victims into fake digital asset platforms promising sky-high returns. Crypto Sting Unveiled: DOJ Seizes $868K After Web of Romance Turns Dark The U.S. Department of Justice (DOJ) announced on May 23 that federal authorities have confiscated over $868K in cryptocurrency
US Seizes $868K in Crypto From Dating Scam That Drained Wallets Read More »
U.S. Congressmen Sean Casten (IL-06) and Adam Smith (WA-09) are spearheading efforts by U.S. lawmakers demanding that the Department of Justice (DOJ) investigate whether U.S. President Donald Trump’s $TRUMP meme coin dinner violates federal bribery laws or the Constitution’s foreign emoluments clause, according to a May 22 letter. Casten, Smith Call for DOJ Inquiry Into
Safemoon’s explosive rise was fueled by a massive fraud scheme, as its CEO was convicted for looting investor funds, lying about locked liquidity, and laundering millions. Safemoon CEO Faces 45 Years as Liquidity Pool Lies Lead to Federal Conviction The U.S. Department of Justice (DOJ) announced on May 21 that Braden John Karony, chief executive
Safemoon CEO Found Guilty in Major Crypto Fraud, Could Serve 45 Years Read More »
The US Justice Department has opened an investigation into a recent security breach at Coinbase Global. Bloomberg reported Monday that the probe focuses on how cybercriminals bribed employees and contractors in India to steal sensitive customer data, which was then used in an extortion attempt. The investigation is being led by the department’s criminal division
US Justice Department Launches Probe Into Coinbase Breach Read More »
