Department of Justice News

Justice Department officials did not go into great detail regarding the investment scam, but said that more than 400 suspected victims had lost millions of dollars.

The US Department of Justice filed a civil forfeiture complaint to claim over $24 million in cryptocurrency tied to Qakbot malware developer Rustam Rafailevich Gallyamov.

Mashinsky pleaded guilty in December 2024 to commodities fraud and manipulating the price of CEL, earning $48 million by selling his holdings before Celsius collapsed.

The Securities and Exchange Commission and US prosecutors alleged Ramil Palafox swindled $200 million from investors and funneled it through a fraudulent crypto trading company.

The US Justice Department under President Donald Trump issued a memo on April 7 suggesting it would halt the prosecution of cases involving crypto enforcement.

Senate Democrats have derided the Justice Department’s decision to nix its crypto unit, claiming the agency is giving a free pass to sanctions evasion and scams.

SafeMoon CEO Braden John Karony has argued the US Justice Department’s crypto enforcement pullback should see his case dismissed.

The US Department of Justice has reportedly disbanded the Biden-era National Cryptocurrency Enforcement Team.

A group of crypto firms claims the Justice Department is creating “confusion and ambiguity” for crypto with its interpretation of money-transmitting laws.

The disagreement over whether the SEC or CFTC should regulate memecoins points to confusion arising from the lack of a clear regulatory framework for digital assets.

OKX’s Aux Cayes FinTech Co. Ltd agreed to pay over $500 million worth of fines for operating an unlicensed money-transmitting business.

KuCoin has admitted to operating an unlicensed money-transmitting business and will pay nearly $300 million in fines and forfeiture.

Adam Iza, founder of the Zort crypto trading platform, and LASD deputy Eric Chase Saavedra admit to exploiting law enforcement.

Neutral in the short-term, bullish in the long-term. With that view in mind, pro traders explain that a certain “player versus player” mindset is at play in the crypto market this month.

According to the US Department of Justice, Wolf Capital’s co-founder has pleaded guilty to wire fraud conspiracy for luring 2,800 crypto investors into a Ponzi scheme.