SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales

October 4, 2024 The Daily Hodl

crypto

Two prominent US regulatory agencies are supporting a class-action lawsuit against tech giant Nvidia over sales to crypto miners that were allegedly misrepresented. According to recent court filings, the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) are filing amicus briefs in support of the group of investors suing Nvidia, […]

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Indiana Man Pleads Guilty to Stealing Over $37,000,000 in Crypto From Nearly 600 Victims: US Justice Department

October 3, 2024 The Daily Hodl

crypto

A 21-year-old man from Indiana just pleaded guilty to charges stemming from a cyber intrusion event that happened in February 2022. Malicious actors involved in cyber intrusion use phishing, email infection, SQL injection and other means to gain access to computer systems with the aim of causing harm or stealing sensitive data. The US Department […]

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$7,000,000,000 in Fees Drained From Customers and Businesses Every Year in Visa’s Alleged Monetary Monopoly: US Department of Justice

September 29, 2024 The Daily Hodl

credit card

The U.S. Department of Justice (DOJ) is suing payments giant Visa for allegedly maintaining an illegal market monopoly to keep smaller competitors in check. In a press release, the DOJ says it’s filing a civil antitrust lawsuit against Visa, accusing the payments firm of illegally maintaining dominance over the debit network markets. Antitrust laws were […]

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Terror victims claim DOJ withholding share of $4.3B Binance penalty

September 26, 2024 Coin Telegraph

Binance

Four people who are victims or family of victims of state terrorism sued the Justice Department, claiming it hasn’t put the appropriate funds from Binance’s settlement into a victim fund.

The United States Department of Justice must place more of its massive $4.3 billion settlement with Binance into a fund for victims of state-sponsored terrorism, a lawsuit claims.

On Sept. 25, four people who are victims or family of victims of state-sponsored terrorism sued the DOJ in a Washington, D.C. federal court, claiming it improperly withheld or delayed depositing the proceeds of Binance’s November settlement into the Victims of State Sponsored Terrorism Fund.

The suit claimed under the Victims of State Sponsored Terrorism Act, 100% of criminal proceeds and 75% of civil proceeds from cases like Binance’s should be deposited into the fund, which was established to compensate victims of state-sponsored terrorism.

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Tether has ‘redistributed’ $108.8M USDT from illicit activity since 2014

August 24, 2024 Coin Telegraph

<div>Tether has 'redistributed' 8.8M USDT from illicit activity since 2014</div>

Coin Telegraph

The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.

Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million USDT linked to illegal activities since its launch in 2014, according to a recent statement.

“Tether remains resolute in its mission to support global law enforcement efforts in combating illicit uses of cryptocurrency,” Tether CEO Paolo Ardoini wrote in an Aug. 23 statement.

Ardoini claimed that Tether is “fully dedicated” to continue collaborating with law enforcement to combat fraud.

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Ex-CEO of Collapsed Bank Sentenced to Over 24 Years in Prison for Embezzling $47,100,000 in Crypto Scheme: DOJ

August 22, 2024 The Daily Hodl

crypto

The former CEO of a failed bank in Elkhart, Kansas will spend 24 years behind bars after funneling millions of depositors’ money into a cryptocurrency scheme. The Justice Department says that between May and July last year, Shan Hanes, who was then serving as CEO of Heartland Tri-State Bank (HTSB), sent a total of $47.1 […]

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DOJ recommends harsher sentences AI-enhanced crimes

August 7, 2024 Coin Telegraph

artificial intelligence

Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon.

The United States Department Justice (DOJ) has asked the United States Sentencing Commission to update its guidelines to provide additional penalties for crimes committed with the aid of artificial intelligence.

According to a legal alert published by the law offices of White & Case, the recommendations seek to expand well beyond established guidelines and would apply not only to crimes committed with AI, but to any crime aided or abetted by even simple algorithms.

Current guidelines, per the legal alert, only cover so-called “sophisticated” systems. Ostensibly, the new guidelines would make AI involved in criminal activity an accessory, with the legal system punishing the person responsible for its application to criminal activity.

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US Authorities Split $2 Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale Speculation

July 30, 2024 Bitcoin.com

US Authorities Split Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale Speculation

Arkham Intelligence

Following the U.S. government’s transfer of $2 billion in bitcoin, Arkham Intelligence reported that the federal agency divided the funds into two separate Bech32 bitcoin addresses: one containing 10,000 BTC and the other holding 19,799.99 BTC. Arkham speculates that the 10,000 BTC may have been sent to an institutional custody service. Arkham Reports U.S. Bitcoin […]

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Trump won’t sell US BTC if elected, what about seized assets?

July 28, 2024 Coin Telegraph

bitfinex

Questions abound concerning the Bitfinex and Silk Road funds if Trump is re-elected.

Donald Trump intends to make the United States the crypto capital of the planet. The former president promised this and more during a rousing speech given at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27. But some of the Republican candidate’s comments may have been cause for consternation among cryptocurrency advocates.

While Trump’s speech largely centered on Bitcoin and the community surrounding it being a positive force for America, he did lay out some specifics. Chief among his promises was that the US wouldn’t part with its current Bitcoin stockpile, if he's re-elected.

Per Trump:

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Founder of Peer-to-Peer Crypto Exchange Paxful Pleads Guilty Over Anti-Money Laundering Program Failures: DOJ

July 11, 2024 The Daily Hodl

Daily Hodl

The co-founder and former director of peer-to-peer cryptocurrency marketplace Paxful has pleaded guilty to charges related to the platform’s failure to gather sufficient know-your-customer (KYC) information from its users. Paxful is a virtual currency platform and money transmitting business where users traded crypto assets in exchange for other items. In a statement, the U.S. Department […]

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department of justice