The risks of investing in digital assets were highlighted once again following the charges slapped against a Utah man who allegedly scammed investors over $2 million through social media.
A network designed to boost cybersecurity has been set up as the digital asset industry grapples with rising rate of criminality as the number of investors with little knowledge of the market grows.
Alexander Vinnik called on Russian authorities to negotiate with Washington for his extradition back to Russia in exchange for U.S. citizens detained in Moscow, according to reports.
An ongoing U.S. Department of Justice probe into whether Binance violated the Bank Secrecy Act sought internal records to determine if the digital currency exchange was complying with AML rules.
The DOJ captured three men suspected of committing fraudulent bank transactions using stolen identities to embezzle over $4 million worth of digital assets.
Denis Mihaqlovic Dubnikov and his co-conspirators, who are yet to be identified, are accused of laundering as much as $70 million extracted using the Ryuk malware variant.
Alexander Vinnik operated BTC-e exchange from 2011 to 2017, transacting over $4 billion worth of BTC, which U.S. prosecutors allege was from doing business with ransomware gangs, drug dealers, and thieves.
Ishan Wahi is alleged to have shared with his brother and a friend tokens that were to be listed on Coinbase, with the three earning $1.5 million from this.
Jessica Leeann Sledge made three payments totaling $10k in BTC to a purported "hitman" she found through a dark web website between September and November 2021, according to the U.S. Department of Justice.
Jeremy McAlpine and Zachary Matar pleaded guilty to one count each of securities fraud in August 2021; McAlpine will serve a three-year sentence, while Matar will be sentenced to two and a half years.
Michael Alan Stollery admitted to falsifying aspects of Titanium's white paper, lying about his business relationship with the fed, planting fake customer testimonials, and misappropriating investors' funds.
Randall Crater was found guilty of four counts of wire fraud, three counts of unlawful monetary transactions, and one count of operating an unlicensed money transmitting business.
