Reported by: Department of Justice, U.S. Attorney’s Office, Eastern District of Texas A Nevada man and a South Carolina man have been indicted in a cryptocurrency money laundering conspiracy in the Eastern District of Texas, announced U.S. Attorney Brit Featherston. Randall V. Rule, 71, of Reno, NV, and Gregory C. Nysewander, 64, formerly of Irmo, […]
Reported by: Joshua Fineman 98-year old billionaire Charlie Munger, a long time critic of crypto, called digital currencies a combination of delusion and fraud in the wake of the blowup of exchange FTX. “You are seeing a lot of delusion,” Munger, vice chairman of Berkshire Hathaway (NYSE:BRK.B), said in a CNBC interview.“Partly fraud and partly delusion. That’s […]
Reported by: Anna Baydakova Alex Bornyakov, deputy minister of digital transformation of Ukraine, took to Twitter Monday night to officially deny a conspiracy theory around the country’s crypto fundraising effort. “A fundraising crypto foundation @_AidForUkraine used @FTX_Official to convert crypto donations into fiat in March. Ukraine’s gov never invested any funds into FTX. The whole […]
Reported by: KATANGA JOHNSON The Bahamian police said they’re working with the Bahamas Securities Commission to investigate whether there was any criminal misconduct in the collapse of the crypto exchange FTX. “In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the […]
Reported by: STEVE MOLLMAN The FTX downfall is not so much a Lehman moment as an Enron one. So says former Treasury Secretary Larry Summers about the once-heralded cryptocurrency exchange that todaydeclared bankruptcy and announced the resignation of founder and CEO Sam Bankman-Fried after a sudden and dramatic collapse this week. “A lot of people have […]
Reported by: Lydia Beyoud, Yueqi Yang, and Olga Kharif US regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire. The inquiries by the Securities and Exchange Commission and the Commodity Futures Trading Commission relate to the liquidity crisis that […]
Reported by: Department of Justice, U.S. Attorney’s Office, Southern District of New York In November 2021, Law Enforcement Seized Over 50,676 Bitcoin Hidden in Devices in Defendant JAMES ZHONG’s Home; ZHONG Has Now Pled Guilty to Unlawfully Obtaining that Bitcoin From the Silk Road Dark Web in 2012. Law enforcement seized approximately 50,676.17851897 Bitcoin, then […]
Reported by: DAVID JOLLY The IRS’s Criminal Investigation division is building “hundreds” of crypto cases, and many of them will soon be public, division chief Jim Lee said Thursday. The cases involve areas like “off-ramping” transactions, in which digital assets are exchanged for fiat currency, as well as people being paid in crypto and not […]
Reported by: Hugh Son Goldman Sachs is making a bid to standardize the way the financial industry talks about, tracks and invests in the burgeoning universe of digital assets, CNBC is first to report. The investment bank is set to unveil a data service created with global index provider MSCI and crypto data firm Coin Metrics that […]
Reported by: Tad Simons Technology Journalist/Thomson Reuters At the 21st Annual Anti-Money Laundering & Anti-Financial Crime Conference, held by the Association of Certified Anti-Money Laundering Specialists (ACAMS), Rebecca Kiethley, a Federal Bureau of Investigation (FBI) fraud specialist, explained that people over 70 years of age control 75% of the wealth in America, and over the […]
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