Crypto/Forex Fraudster To Pay $31M In CFTC Enforcement Action
The case between the CFTC and crypto/forex fraudster Alejandro Tinoco, who stole millions in forex-related offenses, has been resolved. Abner Alejandro Tinoco and Kikit & Mess Investments, LLC. will be required to pay a total of $31 million as a penalty in a Commodity Futures Trading Commission (C.F.T.C.) crypto fraud enforcement action. El Paso’s Forex, […]
US DOJ Arrests Chinese Citizen Over $130M Botnet Cyberscam
The US Department of Justice (DOJ) has arrested a Chinese national, Yunhe Wang, over his suspected involvement in the 130M botnet scam. A 35-year-old national of the People’s Republic of China and citizen-by-investment of St. Kitts and Nevis, Yune Wang, was arrested by the U.S. Department of Justice (DOJ) on suspicion of involvement in a […]
Sen. Elizabeth Warren, Bill Cassidy Target Crypto Use in CSAM
Senators Elizabeth Warren and Bill Cassidy are proposing a crackdown on those who use crypto to buy and sell child sexual abuse material (CSAM). U.S. Senators Elizabeth Warren and Bill Cassidy want to make sure that government organizations are prepared to investigate cryptocurrency transactions connected to the sale of content related to child abuse. Departments […]
US DOJ Sues Apple for Monopolozing Crypto Apps Markets With Rules
The United States Department of Justice (DOJ) has lodged a comprehensive antitrust lawsuit against Apple, alleging that the company’s “monopoly” and regulations on the crypto apps market unlawfully stifled innovation and competition. The complaint, filed on March 21 in a federal court in New Jersey and endorsed by sixteen state attorney generals, claimed that Apple’s […]
US Government Moves $922 Million in Seized Bitcoin from Bitfinex Hack
The US Department of Justice has transferred about 15,000 bitcoins from wallets linked to the 2016 hack of Bitfinex, raising fears of a possible selloff and price dump. The US Department of Justice (DOJ) has transferred approximately 15,000 bitcoins (worth $922 million) from confiscated wallets linked to the 2016 hack of Bitfinex. This crypto exchange […]