Judge rejects Kraken’s bid to challenge decision in SEC case
Kraken won’t get the chance to appeal a California District Court judge’s decision that found the SEC had adequately alleged it sold unregistered securities. Go to Source
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A Crypto Mixer’s Endgame: Helix Operator Sentenced With $400M Asset Forfeiture
The DOJ has sentenced the operator of Helix, a cryptocurrency mixer, to prison and ordered the forfeiture of over $400 million in assets tied to money laundering. DOJ Ends Helix’s Reign: Operator Sentenced The U.S. Department of Justice (DOJ) announced Friday that Larry Dean Harmon, 41, of Akron, Ohio, was sentenced to three years in … Read more
FTX Targets Binance and CZ With $1.8 Billion Clawback
Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly fraudulent transfers. The following opinion editorial was written by Alex Forehand and Michael … Read more
Dogecoin investor lawsuit against Elon Musk dropped
Tesla CEO Elon Musk is often associated with Dogecoin after the businessman mentioned the memecoin on various channels in 2021. Go to Source
Bitfinex Hacker Sentenced to Prison as DOJ Tracks 120,000 Stolen Bitcoin
The DOJ has sentenced the Bitfinex hacker to prison for laundering 120,000 stolen bitcoins from the 2016 hack, using sophisticated methods to hide the theft. DOJ Secures Prison Sentence for Bitfinex Hacker The U.S. Department of Justice (DOJ) announced Thursday that Ilya Lichtenstein has been sentenced to prison for his role in a major cryptocurrency … Read more
SEC Crypto Litigation Releases – October 2024
The SEC has escalated its crackdown on crypto market manipulation, filing charges against multiple market makers and individuals for allegedly using deceptive tactics—such as wash trading and volume inflation—to mislead investors about the demand for various crypto assets marketed as securities. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. … Read more
Russian CEO’s Market Manipulation Services Caught in DOJ’s Crypto Crackdown
The DOJ has indicted a Russian cryptocurrency CEO for allegedly orchestrating a vast wash trading scheme to inflate crypto market volumes, misleading investors and exchanges globally. An Empire of Fake Trades: DOJ Reveals Conspiracy Inside Crypto Markets The U.S. Department of Justice (DOJ) announced on Thursday that Aleksei Andriunin, the founder and CEO of cryptocurrency … Read more
Transparent Illusion: The Discrepancy in Polymarket’s Volume
The recent surge in prediction markets has coincided with the upcoming presidential election, as those seeking a supplement to traditional polling look to new methodologies. As election day draws closer, established prediction markets have seen their volumes skyrocket, while fresh players are jumping in to launch their own platforms. This sudden influx of companies offering … Read more
FBI-Created Token Hits Its Mark: Landmark Guilty Plea Shatters Crypto Fraud Ring
The FBI’s fake cryptocurrency token unraveled a landmark market manipulation case, leading a founder to plead guilty to running automated wash trades across exchanges. In FBI-Created Token’s Trap, Crypto Mogul’s Empire Collapses The U.S. Department of Justice (DOJ) announced on Wednesday that Liu Zhou, the founder of Mytrade, a cryptocurrency financial services firm, has pled … Read more
DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle
A federal jury convicted a man for orchestrating an NFT rug pull scheme, pocketing nearly $400,000 through abandoned projects and cryptocurrency laundering schemes. The NFT Rug Pull That Went Too Far — Federal Jury Brings Verdict The U.S. Department of Justice (DOJ) announced Thursday that a federal jury in Tampa, Florida, found Berman Jerry Nowlin, … Read more
