DOJ Charges Canadian National in $65M Crypto Heist, Fugitive Still at Large

A Canadian hacker allegedly exploited vulnerabilities in two defi platforms, stealing $65 million and laundering funds through crypto mixers, prosecutors say. He remains at large. DOJ Indicts Canadian Hacker for $65M Defi Exploit The U.S. Department of Justice (DOJ) announced on Feb. 3 that a federal court in New York unsealed a five-count criminal indictment … Read more

Crypto Giant Kucoin Pleads Guilty, Forced Out of US After $297M DOJ Settlement

Kucoin’s guilty plea exposed billions in illicit transactions, with $297M in penalties and a forced U.S. exit as the DOJ links it to darknet crimes. Kucoin Guilty Plea: DOJ Uncovers Billions in Suspicious Crypto Transactions The U.S. Department of Justice (DOJ) announced on Monday that Peken Global Ltd., the Seychelles-based operator of cryptocurrency exchange Kucoin, … Read more

Bitmex Settles for $100M in Money-Laundering Case After DOJ Allegedly Demanded $420M

Bitmex has been ordered to pay a $100 million fine after a protracted legal battle stemming from violations of U.S. money-laundering regulations. Bitmex Hit with Additional $100 Million Fine Over Bank Secrecy Act Breach In July 2024, HDR Global Trading Limited, the operator behind the Bitmex exchange, admitted guilt in contravening the U.S. Bank Secrecy … Read more

Crypto Community on Edge as Biden’s DOJ Eyes Sale of $6.49 Billion in Seized Bitcoin

On Jan. 9, 2024, discussions have been buzzing within the crypto community regarding the potential sale of $6.49 billion worth of bitcoin (BTC) by the U.S. Department of Justice (DOJ). This speculation arises from a court ruling issued on Dec. 30, in which U.S. Chief District Judge Richard Seeborg sanctioned the forfeiture of 69,370 bitcoin. … Read more

Ransomware’s Mastermind Faces Justice: DOJ Targets Global Cybercrime Operation

A Russian ransomware kingpin extradited from South Korea to the U.S. faces charges for orchestrating the $16 million Phobos malware targeting global critical infrastructure. Justice Catches Up: The Fall of a Ransomware Kingpin The U.S. Department of Justice (DOJ) announced Monday that Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to … Read more

DOJ’s Crypto Enforcement Cracks Down on $73M Laundering Scheme

The U.S. Department of Justice (DOJ) announced Tuesday that Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering, admitting to laundering over $73 million from cryptocurrency investment scams. Li, 41, operated through a network of shell companies, international bank accounts, and cryptocurrency, specifically … Read more

Report: Polymarket Under DOJ Probe After Explosive Bets on Trump-Harris Election

A Bloomberg report suggests that the prediction market Polymarket has caught the eye of the U.S. Department of Justice (DOJ), potentially facing a probe. ‘In the Face of Adversity, We Build’: Polymarket Responds to Scrutiny From Federal Authorities After an FBI raid on Polymarket CEO Shayne Coplan’s residence, Bloomberg reports that the DOJ has initiated … Read more