The crypto seized was connected to James Zhong, who was convicted in 2022 of wire fraud related to the Silk Road marketplace.
Department of Justice News
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KuCoin founders Chun Gan and Ke Tang remain at large, according to DOJ officials, who unsealed an indictment against the exchange on March 26.
16616Roman Sterlingov is the latest to fall to a U.S. government crackdown on illicit crypto-mixing services, but his lawyers aren’t taking the verdict lying down.
12467The U.S. Attorney’s Office says this is one of the first times the U.S. has recovered USDT from an unhosted digital currency wallet.
5828Despite Binance’s setbacks with regulators, BNB has managed to reach a 2-year high at $489.50.
8913The charges against the school district staff members coincide with the U.S. energy regulator’s recent clampdown on crypto mining activities.
7421U.S. Supreme Court Chief Justice John Roberts predicts AI will “significantly” impact legal work at the trial level while saying AI usage by legal teams requires “caution and humility.”
5827Part of Bitzlato co-founder’s guilty plea on Dec. 6 was to dissolve the illicit exchange and forfeit its cryptocurrency. Now, it’s suspending withdrawals.
8415Tether has reacted to lawmakers’ requests for DOJ action over its stablecoin use, claiming it wants to be a “world class partner to the U.S.”
9572Binance’s new compliance obligations include cooperation to grant U.S. authorities access to all documents, records and resources upon request.
10753According to Kaiko Research, Bybit experienced a rise in market share around the clock, whereas Coinbase witnessed significant growth outside of the United States trading hours.
15305Is the settlement further indication that the crypto industry’s Wild West era is winding down, with a new epoch marked by regulation and taxation beginning?
3124Binance.US attorney Matthew Laroche has asked a federal judge to consider ending the SEC’s investigation for potential fraud.
8760BTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulatory shifts.
15476According to U.S. sentencing guidelines, CZ could receive a 12–18 month sentence, but the Department of Justice is willing to fight for a longer term.
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