Cryptocurrency Analysis and News Portal
The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet.According to the March 18 complaint, Jones is accused of accessing a darknet-based insider trading forum in late 2016 to seek
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Crypto payments platform BitPay has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on charges of over 2,000 apparent sanctions violations.According to an enforcement notice published on Feb. 18, BitPay will pay $507,375 on allegations it allowed individuals in sanctioned locations like Ukraine’s Crimea region, Cuba,
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Coinseed Inc, an automated crypto investing app, is facing allegations of defrauding investors and breaking U.S. registration laws in a pair of legal actions brought Wednesday by the U.S. Securities Exchange Commission and the State of New York.The app-based service bilked investors of $1 million through hidden fees, false claims
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On Wednesday, the U.S. Department of Justice announced charges against three North Korean operatives. Making the announcement, Assistant Attorney General John C. Demers condemned the North Korean program, the most famous branch of which is Lazarus Group. Demers said:"North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency
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The U.S. Department of Justice (DOJ) has charged three North Korean computer programmers with theft and extortion on various allegations, including stealing over $100 million in cryptocurrencies between 2017 and 2020. The thefts are part of a broader conspiracy that saw the alleged hackers steal over $1.3 billion, the DOJ
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The U.S. Securities and Exchange Commission (SEC) on Monday charged three associates of defunct crypto firm Bitcoiin2Gen with defrauding investors of $11.4 million through the 2018 B2G token offering infamously peddled by actor Steven Seagal.Bitcoiin2Gen and Start Options founder Kristijan Krstic and company promoter John DeMarr allegedly violated federal securities
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Virgil Griffith’s motion to dismiss the charges against him claiming that he violated U.S. sanctions law in North Korea was denied late Friday by a judge in the Southern District of New York (SDNY).U.S. Judge Kevin Castel denied the motion, leaving it up to a jury to decide whether Griffith
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The Federal Bureau of Investigation (FBI) on Tuesday arrested Rhode Island cryptocurrency trader Jeremy Spence on allegations that his “Coin Signals” crypto funds bilked investors of $5 million between November 2017 and April 2019.The 24-year-old proprietor of at least three crypto funds allegedly ran their value into the ground, losing
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XRP is suffering currently, even while Bitcoin trades well above its former all-time high. The reason for the
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In what has had an enormous ripple effect across the crypto industry, the SEC has filed a lawsuit
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