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CRIME IRS MIXERS

First criminal crypto tax evader in US sentenced to two years in prison

Man sentenced to two years for tax evasion involving $3.7 million in bitcoin; first criminal case focused solely on cryptocurrency tax fraud.

theblock.co • 13/12/2024 - 10:38 AM

CRIME LAWSUITS SEC

Former Celsius CEO Alex Mashinsky pleads guilty to two criminal counts in NY court: reports

Alex Mashinsky, former CEO of Celsius, pleaded guilty to commodities fraud and price manipulation, facing up to 20 years in prison amid the company's bankruptcy proceedings.

theblock.co • 03/12/2024 - 20:42 PM

CRIME

North Korea to blame for 342,000 ETH Upbit hack in 2019, South Korean police say

The South Korean police said in a Thursday statement that North Korea is behind the 2019 hack of the Upbit exchange that saw 342,000 ETH stolen. This is the first time South Korea has identified North Korea as the perpetrator of a cryptocurrency heist.

theblock.co • 21/11/2024 - 08:35 AM

2024 ELECTIONS ASIAN PARLIAMENTS BITCOIN BITSTAMP BLACKROCK COINBASE COURT HEARINGS CRIME DONALD TRUMP FTX GARY GENSLER LAWSUITS MICROSTRATEGY ROBINHOOD SBF TRIAL SEC SPOT BITCOIN ETF TOKENS

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

BITCOIN BLACKROCK COINBASE CRIME DONALD TRUMP MINING COMPANIES TETHER TOKENIZATION TREASURY DEPARTMENT

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

President-elect Donald Trump has nominated the crypto-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares in the Japanese investment firm Metaplanet gained more than 15% on Tuesday after the company announced its latest bitcoin acquisition. Tokenization firm Securitize has introduced the “sToken,” a new way to gain liquidity from real-world assets while still earning a yield, using the ERC-4626 token standard. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 19/11/2024 - 20:31 PM

CRIME LAWSUITS

NBA star Shaq agrees to pay $11 million to settle long simmering class action lawsuit over promoting NFTs

Basketball hall-of-famer Shaquille O’Neal has agreed to pay $11 million to settle charges in a class action suit related to the Astrals NFT project he promoted. O’Neal, who is also part of a massive consolidated case against celebrity “brand ambassadors” for FTX, attempted to dismiss the case.

theblock.co • 19/11/2024 - 19:53 PM

CRIME MINING COMPANIES SEC

BIT Mining settles with DOJ, SEC for $10 million over Japanese bribery charges

BIT Mining agrees to pay $10 million to settle bribery investigations related to Japanese officials, addressing violations of anti-corruption laws under a deferred prosecution agreement.

theblock.co • 19/11/2024 - 10:55 AM

CRIME

Heather 'Razzlekhan' Morgan sentenced to 18 months for role in Bitfinex heist: Bloomberg

Heather Morgan was sentenced to 18 months for her minor role in the Bitfinex hack; her husband received five years for money laundering. Both pleaded guilty.

theblock.co • 18/11/2024 - 19:51 PM

COURT HEARINGS CRIME

Bitfinex hacker Ilya Lichtenstein sentenced to five years in prison for attempting to launder 120,000 bitcoin

Ilya Lichtenstein was sentenced to five years for the 2016 Bitfinex hack and money laundering. His wife awaits sentencing, having played a lesser role.

theblock.co • 14/11/2024 - 22:40 PM

CRIME

Body found in Montreal park identified as kidnapped 25-year-old crypto influencer: reports

Canadian authorities confirmed the identity of cryptocurrency influencer Kevin Mirshahi, whose body was found after his abduction and suspected murder in June 2024.

theblock.co • 13/11/2024 - 22:47 PM

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