BTC scammer who paid Steven Seagal for promotion sentenced to 60 months in prison
John DeMarr, founder of B2G and StartOptions, paid actor Steven Seagal to promote that investing in his tokens would yield an 8,000% return on investment.
Latest Department of Justice News
Feds probe Silvergate bank’s ties to FTX, SBF vs. CZ cage-match documentary
The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and its affiliated market-maker Alameda Research, according to Bloomberg.
My Big Coin founder Randall Crater gets 8 years in prison over $7.5M fraud
The founder of My Big Coin, a scheme found to be a sham, becomes the first digital asset executive to be convicted by a federal jury, leading to a decision that will see him land 100 months in prison.
US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder
The DoJ’s complaint against Anatoly Legkodymov, a senior executive and major shareholder of Bitzlato, notes that it was founded in 2016 and has processed nearly $4.6B in transactions since May 2018.
Bitconnect promoter ordered to pay $17M to 800 fraud victims
The DOJ's filings indicate that the project's founders diverted the funds and began operating a "textbook Ponzi scheme by paying earlier Bitconnect investors with money from later investors."
Mutant Ape Planet founder faces charges over $2.9 million fraud scheme
In a classic rug pull, Aurelien Michel allegedly absconded with the funds and abandoned the Mutant Ape Planet project, leaving thousands of investors with worthless digital collectibles.
US feds probe Digital Currency Group financial transfers to Genesis
The DoJ and the SEC are probing DCG’s transactions with Genesis, while prosecutors in New York are seeking documents as well as interviews with staff.
Sam Bankman-Fried pleads not guilty, shots fired over FTX assets
SBF pleaded not guilty to charges that include wire fraud, commodities fraud, securities fraud, conspiracy to commit said frauds, and campaign finance violations.
Top FTX creditors want their identities kept secret
Non-U.S. FTX customers argue that their identities should be kept hidden during court proceedings, as revealing them could put them at risk of scams and identity theft, a call opposed by the DOJ.
DOJ opens probe into FTX ‘hack’ while SBF gets a new judge
The DOJ is looking into the $372 million hack from FTX-controlled wallets that occurred the day after the embattled firm of former CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy.
OneCoin co-founder pleads guilty to operating Ponzi scam, faces 40 years in US prison
Karl Sebastian Greenwood served as OneCoin’s “global master distributor” and was the head of the multi-level marketing scheme, earning GBP20 million each month, according to court documents.
Senate committee digs into the burst FTX bubble
Wednesday's Senate hearing on the FTX debacle saw groups of speakers clash on whether there is a need to regulate the digital asset class or stop governments from interfering with the market.