DOJ asks victims to claim $7 million recovered from a global crypto scam that used fake platforms, shell companies, and coercion to drain investor funds. Feds Recover $7M—Now DOJ Urges Victims to Claim Share of Recovered Funds The U.S. Department of Justice (DOJ) announced on March 21 that $7 million in proceeds from a cryptocurrency […]
Feds Seize $7M in Crypto Scam—DOJ Tells Victims: Come Get Your Money Read More »
A federal court has ordered the recovery of over $2.3 million after a fraudulent digital asset scheme tricked investors with fake trading accounts and stole their funds. Fake Trading Platform Busted: Court Orders Fraudsters to Repay Victims A federal court has ordered the recovery of nearly $2.3 million for victims of a fraudulent digital asset
Court Orders $2.3M Returned to Victims of Fake Crypto Trading Platform Read More »
The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments,
US Treasury Removes Tornado Cash From OFAC Sanctions List Read More »
A South Korean court has jailed a teacher who stole money from students and their parents to “squander” on crypto purchases. Per the South Korean media outlets Jeju Sori and Newsis, the a branch of the Jeju District Court, on the island province of Jeju, rejected an appeal from the teacher – unnamed and aged
South Korean Teacher Jailed for Stealing Students’ Money to Buy Crypto Read More »
South Korean prosecutors raided the headquarters of crypto exchange Bithumb on March 19 as part of an investigation into whether the company’s former CEO misused corporate funds to purchase an apartment, according to local media reports. Authorities from the Seoul Southern District Prosecutors’ Office searched Bithumb’s Yeoksam-dong offices, looking into claims that the exchange provided
South Korean authorities raid Bithumb in corporate fund misuse inquiry Read More »
Bitnomial will launch its CFTC-approved XRP futures contracts on March 20 and drop its lawsuit against the US Securities and Exchange Commission. The firm said its decision to withdraw its lawsuit was driven by the regulator’s move to abandon legal action against Ripple. According to the March 19 announcement, the contracts will be physically settled,
Bitnomial set to launch CFTC-approved XRP futures on March 20, withdraws SEC lawsuit Read More »
Ripple has secured a decisive victory in its long-running legal battle with the US Securities and Exchange Commission (SEC). On March 19, Ripple CEO Brad Garlinghouse confirmed that the regulator had dropped its appeal against the blockchain company, marking a significant win for Ripple and the broader crypto industry. According to him: “This is it
XRP surges 10% as Ripple claims decisive win over SEC regulations Read More »
