federal court – DIGIT INFO

DOJ charges crypto exchange operator of laundering Silk Road money

DIGIT — Tue, 29 Oct 2024 01:54:10 +0000

Along with money laundering, Maximiliano Pilipis is also accused of failing to file a tax return for income generated in 2019 and 2020.

Go to Source

Homeowner fails to sue insurer over $170K crypto theft in appeals court

DIGIT — Fri, 25 Oct 2024 06:06:14 +0000

A United States appeals court said a federal court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.

Go to Source

Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC’s Crypto Securities Lawsuit

DIGIT — Sun, 25 Aug 2024 01:30:21 +0000

The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […]

Go to Source

Kraken Crypto Exchange Fined by Australian Court

DIGIT — Sat, 24 Aug 2024 11:20:04 +0000

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […]

Go to Source

Block Earner spared penalty in regulator’s crypto yield suit

DIGIT — Tue, 04 Jun 2024 05:33:14 +0000

The Australian federal court relieved Block Earner from paying a penalty after an Australian regulator’s legal action over unlicensed crypto yield-bearing products.

Go to Source

Australian financial regulator sues eToro over ‘volatile’ trading products

DIGIT — Thu, 03 Aug 2023 00:05:45 +0000

The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them on the platform.

Go to Source

Coinbase Shares Wells Response, Challenges SEC’s Change in Attitude Towards Its Core Businesses

DIGIT — Thu, 27 Apr 2023 22:15:03 +0000

On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to the agency’s previous approval of […]

Go to Source

Founder of Crypto Exchange Bitzlato Denies US Charges

DIGIT — Thu, 16 Mar 2023 08:30:02 +0000

The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder Legkodymov Appears in US Court Anatoly Legkodymov, one of the […]

Go to Source

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

DIGIT — Tue, 14 Mar 2023 19:30:14 +0000

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and […]

Go to Source

Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US

DIGIT — Fri, 10 Feb 2023 12:30:41 +0000

A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in April. Russian Crypto Launderer Pleads Guilty in US Court, May Get Up to 20 Years in Prison An […]

Go to Source