DOJ
The U.S. Department of Justice announced Nov. 14 that it secured convictions against U.S. residents who aided North Korea in schemes to steal large amounts of cryptocurrency and has seized assets tied to cyberattacks on crypto platforms. The move highlights criminal risks in the sector while signalling tougher enforcement.
The U.S. Department of Justice has created the Scam Center Strike Force to coordinate federal action against crypto scams the DOJ says are linked to Chinese crime syndicates.
Chen Zhi, founder of Prince Holding Group, was indicted for wire fraud and money laundering connected to forced labor in Cambodia and crypto scams worldwide. The DOJ seized 127,271 BTC, worth $15 billion, in the largest cryptocurrency forfeiture ever recorded. This case exposes a criminal network exploiting human trafficking to facilitate massive "pig butchering" crypto fraud schemes across continents.
The U.S. Department of Justice has seized approximately $15 billion in bitcoin linked to Chen Zhi, the alleged leader of a massive crypto scam operation based in Cambodia. The operation defrauded victims worldwide through social media and used political influence to evade law enforcement.
The SEC and DOJ have recently provided official clarifications and settlements involving Ripple and XRP, removing restrictions for banks and legally clearing XRP-based transactions. These developments pave the way for XRP to become mandated for bank transactions, signaling a potential shift in the crypto banking landscape.
Dragonfly Capital faces scrutiny from the DOJ concerning its investment in Tornado Cash but promises a vigorous defense. This highlights the increasing regulatory challenges in the crypto investment landscape. Explore how platforms like Bitlet.app are innovating to provide secure and accessible crypto services amidst such challenges.
Dragonfly Capital is responding firmly to the US Department of Justice's scrutiny over its investment in Tornado Cash, pledging a vigorous defense against the allegations.
Dragonfly Capital is under the spotlight after the DOJ scrutinized its investment in Tornado Cash. The firm vows to mount a vigorous defense amidst regulatory challenges in the crypto space.
The U.S. Department of Justice has begun an investigation into the cyberattack on Coinbase, estimating potential losses up to $400 million. Although some customer data was compromised, login credentials remain secure.