Judge orders BitMEX to pay $100M fine over US banking law violations
BitMEX has been hit with an additional financial penalty following its 2022 guilty plea for violating the US Bank Secrecy Act. Go to Source
Crimes
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Blender and Sinbad operators face US money laundering charges
Two Russian nationals face charges of conspiracy to commit money laundering and operating an unlicensed money-transmitting business, while one remains at large. Go to Source
Russia seizes $10M in Bitcoin from ex-official in bribery case
The Bitcoin seized from former ICRF employee Marat Tambiev will be turned into Russian state revenue from a hardware crypto wallet. Go to Source
Polymarket users bet Biden more likely to pardon SBF than Ross Ubricht
The former FTX CEO is currently serving a 25-year sentence awaiting appeal, while the Silk Road founder was sentenced to life in prison in 2015. Go to Source
Hacks and scams stole $3B from crypto activities in 2024 — PeckShield
According to the security firm, hacks accounted for more than 70% of crypto losses due to illicit activities in 2024, compared to 30% for scams. Go to Source
Judge pushes Mango Markets exploiter sentencing to April 10
Avi Eisenberg was found guilty of fraud and market manipulation in April 2024 and could face up to 20 years in prison. Go to Source
Number of Do Kwon’s victims could exceed one million — court filing
The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform. Go to Source
Do Kwon’s superseding indictment includes money laundering charge
The Terraform Labs co-founder was indicted on eight felony charges in 2023 but will likely face an additional count for money laundering conspiracy. Go to Source
Crypto criminals who are spending their first New Year’s in prison
From Sam Bankman-Fried to the man responsible for hacking Bitfinex, many convicted felons are ringing in 2025 behind bars. Go to Source
North Korean hackers stole $1.3B in crypto in 2024 — Chainalysis
Hackers connected to the reclusive nation whose entities are often targeted by US sanctions reportedly doubled the amount of crypto they stole in 2023. Go to Source
