The defendants are said to have committed hundreds of acts of wire fraud, “causing harm to Google and at least approximately 100,000 Google users.”
Coinbase and SEC Dig in With U.S. Judge on Whether Securities Law Applies to Listings
The U.S. Securities and Exchange Commission (SEC) case against Coinbase delves into a ton of complexity, but before anything else, a judge has to decide whether transactions in about a dozen tokens traded on the U.S. exchange were securities.
Coinbase’s SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next could have serious consequences for the wider industry’s clashes with the regulator.
FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto
Three men duped New York-area banks into shelling out more than $10 million and tried to make off with the money by converting it to crypto, U.S. Attorney Damian Williams said Thursday in a statement.
Crypto Trader Avi Eisenberg’s $110M Fraud Trial Delayed Until April 2024
Crypto trader Avi Eisenberg’s trial will start in April 2024 after defense and prosecutors agreed to delay the proceeding, first scheduled for December.
Sam Bankman-Fried requests long-acting Adderall to focus during trial
Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial.
Ripple’s XRP Token Surges 28% After Court Rules XRP Sales Aren’t Investment Contracts
XRP climbed as high as 64 cents at one point, its highest level since May.
US Authorities Extradite UK Citizen Behind 2020 Twitter Hack, SIM Swap Crypto Theft
Twenty-three-year-old Joseph O’Connor, known by his handle PlugWalkJoe, was arrested in Spain in 2021.
SBF’s lawyers move to block release of bail guarantors’ identities
The appeal, filed on the last possible day, prevents the names of two bond guarantors for SBF from being revealed until at least Feb. 14.
US Feds put together ‘FTX task force’ to trace stolen user funds
United States Attorney Damian Williams said the office is working “around the clock” to respond to the implosion of FTX.
Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges
Both former executives of FTX and Alameda Research have been charged for their role in the “frauds” that led to FTX’s collapse.
It’s stacking up: SEC to file separate charges against FTX’s SBF
SBF has finally been slapped with criminal charges and will be extradited to the U.S., once there, he will have to face separate charges from the SEC.
U.S. Trustee: FTX was the ‘fastest’ corporate failure in American history, calls for probe
The Department of Justice’s U.S. Trustee overseeing FTX’s bankruptcy case has moved for the court to appoint an independent examiner.
Judge Rejects Virgil Griffith’s Motion to Dismiss Charges of Aiding North Korea
U.S. Judge Kevin Castel also denied the ethereum developer’s request for more details about what he’s being charged with.
Silk Road Programmer Pleads Guilty to Making False Statements
Michael Weigand faces a five-year maximum sentence for hiding his role with Silk Road from investigators.
SEC Chair Clayton Nominated as US Attorney for New York
SEC Chairman Jay Clayton has been nominated to become the U.S. Attorney for the Southern District of New York, replacing outgoing U.S. Attorney Geoffrey Berman, who will step down by July 3.
Drug Dealer Just Sentenced to 25 Years Hoped to Build a Better Bitcoin Miner
Paul Calder LeRoux, an admitted drug dealer with a background in encryption, planned to build a bitcoin miner had he beaten the rap.
US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors
Michael Ackerman and unnamed business partners allegedly defrauded investors of $33M in a crypto-trading scheme targeting doctors.
US Prosecutors Charge Founder of ‘IGOBIT’ Token With Fraud
Prosecutors allege that Asa Saint Clair lured investors to invest in the “World Sports Alliance” using his IGOBIT digital currency.