Two US Senators are writing a bipartisan letter to federal agencies about the potential use of crypto assets by child abusers. According to a new press release, Senator Elizabeth Warren, a Democrat from Massachusetts, and Senator Bill Cassidy, a Republican from Louisiana, say in the letter that digital assets are the “payment of choice” for […]
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Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have fueled a widespread belief that a targeted campaign against non-custodial wallets is now underway. Debate Over Crypto Wallet Regulation […]
The U.S. Department of Justice (DOJ) is reportedly seeking a tougher sentence for Binance founder Changpeng Zhao for violating money laundering laws. According to Reuters, US prosecutors want Zhao to serve three years in prison, or twice the maximum 18 months recommended under federal guidelines. In November, Zhao stepped down as CEO of Binance after […]
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A jury has unanimously found the trader behind the $110 million exploit of Solana (SOL)-based decentralized finance (DeFi) trading platform Mango Markets guilty in the first-ever cryptocurrency market manipulation case in the US. In a statement, the Department of Justice says that Avraham Eisenberg was convicted of commodities fraud, commodities market manipulation and wire fraud […]
The post Crypto Trader Behind $110,000,000 Mango Markets Exploit Convicted on Fraud Charges appeared first on The Daily Hodl.
A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was sentenced to three years in prison. In July 2022, Shakeeb Ahmed, a security engineer, used fake pricing data to generate approximately $9 million worth of inflated fees on an unnamed DEX, according to the U.S. […]
The post US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges appeared first on The Daily Hodl.
Crypto traders moved $208 million worth of digital assets off the embattled exchange KuCoin following the company’s indictment. The blockchain analytics platform Nansen reports that $99 million worth of crypto flowed off the exchange on Ethereum (ETH) and $108 million on Ethereum Virtual Machine (EVM) chains. KuCoin still holds more than $6 billion worth of […]
The post Digital Asset Traders Withdraw $208,000,000 Worth of Crypto From KuCoin Following Government Charges: Nansen appeared first on The Daily Hodl.
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the […]
The world’s largest crypto exchange platform by volume is reportedly being sued in New York by the victims of the October 7th Hamas attack on Israel. According to a new report by ABC News, Binance is being sued by the families of the victims for allegedly providing the terrorist group with a funding mechanism. The […]
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The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a crypto pyramid scheme that looted $1.89 billion from victims. Australian native Sam Lee allegedly co-founded “HyperFund,” an online investment platform that falsely claimed investors who purchased “memberships” would receive between 0.5% to 1% daily in […]
The post DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns appeared first on The Daily Hodl.
