DOJ

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

January 15, 2025 Bitcoin.com

bitcoin.com

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 […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

Bitcoin Market Can Absorb DOJ’s Planned $6,500,000,000 BTC Liquidation Without Major Disruption: IntoTheBlock

January 13, 2025 The Daily Hodl

Bitcoin

Market intelligence firm IntoTheBlock says that the Bitcoin (BTC) market can absorb the U.S. Department of Justice’s (DOJ) plan to liquidate billions of dollars worth of the asset without any hiccups. In a new article, IntoTheBlock says that the government is going to sell $6.5 billion worth of BTC associated with the Silk Road, a […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

US Federal Grand Jury Indicts Three Russian Nationals on Charges Related to Operating Crypto Mixing Services

January 11, 2025 The Daily Hodl

blender.io

A grand jury has indicted three Russian citizens on charges connected to operating crypto-tumbling services. According to a new press release by the U.S. Department of Justice (DOJ), a federal grand jury has indicted Russian nationals Roman Ostapenko, Alexander Oleynik and Anton Tarasov for their alleged involvement in operating crypto mixers Blender.io and Sinbad.io. Crypto […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

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

January 9, 2025 Bitcoin.com

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. […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

Early-Era US Bitcoin Investor Sentenced to Two Years in Prison for Underreporting Gains From BTC Sales

December 14, 2024 The Daily Hodl

Bitcoin

An ancient Bitcoin investor is going to spend the next two years in prison after underreporting his BTC gains, according to the U.S. Department of Justice (DOJ). In a new press release, the DOJ says that Frank Richard Ahlgren III of Austin, Texas failed to accurately report the capital gains he earned after selling $3.7 […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

Early Bitcoin investor jailed for unreported crypto gains in $4M BTC sale

December 13, 2024 Coin Telegraph

Bitcoin

A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent.

An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains, in a case involving about $4 million worth of cryptocurrencies.

According to the United States Department of Justice (DOJ), Texas-based Bitcoin (BTC) investor Frank Richard Ahlgren III “falsely underreported the (realized) capital gains” earned from selling Bitcoin worth $3.7 million between 2017 and 2019. The DOJ said in a Dec. 12 report:

Ahlgren has invested in Bitcoin since 2011. He purchased 1,366 BTC on the crypto exchange Coinbase in 2015 when Bitcoin was trading under $500. He sold about 640 BTC in October 2017 at an average market price of $5,807.53 and reinvested the $3.7 million in real estate. 

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

Five Alleged Scammers Federally Charged With Running Crypto Phishing Scheme by DOJ

November 22, 2024 The Daily Hodl

crypto

The Department of Justice (DOJ) recently unsealed charges against five alleged scammers for running a crypto phishing scam that cost victims millions of dollars. According to a new press release from the U.S. Attorney’s Office, Central District of California, Tyler Buchanan of the UK and four other American defendants are being charged with charges ranging […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

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

November 19, 2024 Bitcoin.com

bitcoin.com

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 […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report

November 17, 2024 The Daily Hodl

Bitcoin

A man who laundered millions of dollars worth of Bitcoin (BTC) has been sentenced to three years in prison after assisting authorities with another high-profile crypto laundering case. According to a new report by Bloomberg, Larry Harmon – who pleaded guilty to running a crypto mixing service on the dark web in 2021 – has […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution 

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

November 17, 2024 Bitcoin.com

bitcoin.com

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 […]

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Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution