BitMEX expects ‘no further fines’ for ‘old’ AML violation in US
BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties. Go to Source
Crimes
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Sentencing for ex-FTX execs set for October, November
Former FTX executives Nishad Singh and Gary Wang, who both testified at Sam Bankman-Fried’s criminal trial, are scheduled to be sentenced later this year. Go to Source
South Korean government to launch crypto transaction monitoring system
Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions. Go to Source
US State Dept offers $5M reward for OneCoin ’Cryptoqueen’
Bulgaria’s Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for the OneCoin founder. Go to Source
Ex-fintech CEO sentenced to 3.75 years over price manipulation scheme
A federal judge in Florida recognized the HYDRO token as an investment contract qualifying as a security under SEC guidelines. Go to Source
US prosecutors oppose Ethereum dev’s motion to reduce 5-year sentence
In April 2022, a judge sentenced Virgil Griffith to 63 months in prison for violating U.S. sanctions on North Korea. Go to Source
FTX victims go after company’s assets from criminal forfeiture
Though Sam Bankman-Fried is currently serving a prison sentence, affected FTX customers and creditors are making claims on the firm’s assets, which are still worth millions. Go to Source
Bitcoin is no ‘silver bullet’ for money’s ethical problems
Both Bitcoin and fiat currency are often in the firing line over ethical concerns, with a dedicated group of defenders and critics. Go to Source
Roger Ver gets bail in Spain, faces extradition to the US
Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax fraud charges. Go to Source
Consensus 2024: Reacting to Trump verdict during crypto conference
Digital asset regulation and policy were at the center of discussion for many panels at the crypto event when news of Donald Trump’s 34 felony convictions broke. Go to Source