DOJ

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Federal Court Advances Crypto Recovery as Forfeiture Clears Path for Victim Restitution

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Federal prosecutors moved to return seized cryptocurrency after a court ordered forfeiture tied to an elderly-targeted scam, clearing the way for restitution as authorities traced bitcoin and USDT used in a multistate fraud scheme. Forfeiture Order Finalizes Recovery of Bitcoin and Tether From Elder Fraud Scheme A federal court action advanced efforts to recover funds … Read more

Paxful Pleads Guilty as DOJ Imposes $4 Million Criminal Penalty

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Paxful’s guilty plea and $4 million penalty underscore deep regulatory concerns as U.S. authorities move to spotlight illicit crypto activity and the risks posed by platforms that operated with weak safeguards. Paxful Faces Criminal Penalty for Illicit Crypto Activity The U.S. Department of Justice (DOJ) announced on Dec. 10 that Paxful Holdings Inc. agreed to … Read more

Feds Returning Seized Crypto to Victims After Crackdown Sparks New Shift

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Federal authorities recovered more than $1.7 million in stablecoins linked to a crypto scam, marking a pivotal move that clears the way for victims to recoup losses and underscores how traceable digital assets can help unravel complex fraud schemes. US Recovers Millions From Crypto Fraud Scheme U.S. Attorney’s Office for the Eastern District of Virginia … Read more

Federal Prosecutors Win Conviction of Mining Founder in Multimillion-Dollar Crypto Fraud

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A federal jury’s fraud conviction of a Texas mining founder underscores calls for transparency that are accelerating stronger safeguards, reinforcing investor confidence, and positioning legitimate bitcoin mining operations for growth despite revelations of customer deception. Federal Jury Finds Mining Founder Guilty in Multimillion-Dollar Crypto Fraud The U.S. Attorney’s Office for the Northern District of Texas … Read more

DOJ Paves Way for Decentralized Crypto With Major Win for Open Source Devs

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The DOJ is boosting confidence across the crypto sector by affirming that decentralized software development won’t face prosecution absent intent to aid crime or control user funds. DOJ Fuels Crypto Boom With Major Win for Builders and True Decentralization The U.S. Department of Justice (DOJ) is drawing sharper lines around cryptocurrency enforcement, signaling stronger protections … Read more

$450M in Seized Crypto Assets on Track for Return to Defrauded Investors

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The Justice Department is unleashing over $450 million in seized crypto, real estate, and luxury assets to repay thousands of defrauded victims in a $577 million scheme. DOJ Plans Restitution for Thousands After $577M Cryptocurrency Fraud The U.S. Department of Justice (DOJ) announced on Aug. 12 that two Estonian nationals have been sentenced for operating … Read more

Tornado Cash Founder Guilty of Unlicensed Business Operation

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Tornado Cash developer Roman Storm was convicted Wednesday of conspiracy to operate an unlicensed money transmitting business, while the jury deadlocked on charges of conspiracy to commit money laundering and conspiracy to violate North Korea sanctions. Jury Convicts Storm on 1 Count; Deadlocked on Money Laundering, North Korea Sanctions The verdict followed five days of … Read more

DOJ Moves to Forfeit $2.4M in Bitcoin Seized by FBI in Crypto Crime Crackdown

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U.S. authorities aim to forfeit over $2.4 million in bitcoin linked to a major ransomware syndicate, targeting illicit crypto proceeds through aggressive civil enforcement action. DOJ Pursues Bitcoin Linked to Ransomware Ring in Civil Filing Worth $2.4M The U.S. Department of Justice (DOJ) announced on July 28 that it has filed a civil forfeiture complaint … Read more