Key Takeaways Former Ethereum Developer Virgil Griffith is seeking a reduction in his prison sentence. Griffith was convicted in April 2022 for violating US sanctions by attending a Pyongyang conference and giving a presentation on blockchain technology. Virgil Griffith was…
Key Takeaways United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering. He allegedly ran a large-scale illegal “cryptojacking” operation, defrauding two cloud computing providers out of $3.5 million. According to prosecutors, the operation mined…
Key Takeaways Tax evasion related to cryptocurrencies is expected to surge this year, according to Guy Ficco, the head of criminal investigations at the Internal Revenue Service (IRS). Speaking at the Chainalysis Links event in New York, Ficco revealed that…
Key Takeaways On Wednesday, Defi Protocoal Uniswap, announced that it had received a Wells notice from the U.S. Securities and Exchange Commission (SEC), hinting at a potential enforcement action. The notice notifies the individuals or the firm involved that the…
Key Takeaways In a recent jury trial, Terraform Labs and its co-founder, Do Kwon, were found liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) concerning the collapse of the Terra ecosystem in May 2022. …
Key Takeaways In a major development, the U.S. government has reportedly executed a substantial transfer of Bitcoin to a wallet associated with Coinbase. This transaction, occurring on a Tuesday morning, involved the movement of approximately 30,175 Bitcoin, which, at the…
Key Takeaways The DeFi Education Fund (DEF) has taken legal action against the U.S. Securities and Exchange Commission (SEC) by filing a lawsuit in a Texas federal court. DEF’s lawsuit challenges the SEC’s stance on Beba, a Texas-based apparel company,…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has taken legal action against 17 individuals allegedly involved in a $300 million Ponzi scheme. This scheme targeted primarily Latino investors across the U.S. and two other countries. Operating out of…
Key Takeaways Cryptocurrency-related investment fraud has emerged as a significant concern within the United States, according to a report by the Federal Bureau of Investigation (FBI). In 2023, losses from crypto investment scams surged to $3.94 billion, marking a notable…
Key Takeaways Wyoming Governor Mark Gordon has signed a groundbreaking bill into law, laying the groundwork for the establishment and management of decentralized autonomous organizations (DAOs). This move marks a significant step forward in the state’s embrace of blockchain technology.…
