CRIME - Trade Savi - 360-degree view on crypto market

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The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more

Jae Kwon criticizes Iqlusion over security issues; Italy raises bitcoin tax to 42%; US seeks shorter sentence for Bitfinex hacker; TON blockchain partners with Axelar; Trump promotes crypto.

theblock.co • 16/10/2024 - 17:35 PM

CRIME

Promoter of crypto 'Ponzi scheme' Forcount sentenced to 20 years in prison

U.S. District Judge Analisa Torres sentenced Juan Tacuri to 240 months in prison and ordered him to forfeit over $3 million and his rights to a home in Florida. Tacuri pled guilty in June to conspiracy to commit wire fraud.

theblock.co • 16/10/2024 - 15:05 PM

ANTI-MONEY LAUNDERING CRIME EXPLOITS HACKS MIXERS

US prosecutors call for reduced five-year prison sentence for 2016 Bitfinex hacker Ilya Lichtenstein

U.S. prosecutors seek a five-year sentence for Ilya Lichtenstein over the Bitfinex hack, highlighting cooperation in investigations. His wife, Heather Morgan, faces an 18-month sentence.

theblock.co • 16/10/2024 - 13:44 PM

CRIME

Hong Kong police bust $46 million romance fraud scheme involving crypto

Local police arrested 27 suspects during a special operation dubbed “Secret Word” and seized over HK$200,000 ($25,742) in cash during an onsite raid. The fraud group allegedly lured victims into investing in cryptocurrencies, defrauding them of at least HK$360 million ($46.3 million).

theblock.co • 16/10/2024 - 09:33 AM

ANTI-MONEY LAUNDERING CRIME

FinCEN alleges TD Bank failed to report suspicious crypto activity amid $3 billion money laundering penalty

TD Bank faces allegations from FinCEN for failing to report $1 billion in suspicious cryptocurrency transactions, resulting in $3.09 billion in penalties for violations of the Bank Secrecy Act.

theblock.co • 14/10/2024 - 23:22 PM

CRIME ETHEREUM

$16 million worth of ether from PlusToken ponzi moves to exchanges, analyst expects full $1.3 billion sale to follow

Around 7,000 ether from PlusToken scheme moved to exchanges, potentially indicating a future sale of an additional $1.3 billion in seized ether, raising concerns over Ethereum's supply.

theblock.co • 10/10/2024 - 03:36 AM

CRIME

FBI creates bogus crypto to nab 4 companies, 14 people on fraud charges

U.S. prosecutors charged four cryptocurrency firms and 14 individuals for market manipulation and fraud, marking a significant crackdown by authorities on the crypto sector.

theblock.co • 09/10/2024 - 19:41 PM

CRIME

US govt. says Bitfinex could be the sole victim in 2016 hack, but asks court to open a pathway for customers' claims

The U.S. government identifies Bitfinex as the sole victim of a 2016 hack by Lichtenstein and Morgan, who have pleaded guilty to money laundering.

theblock.co • 09/10/2024 - 14:55 PM

CRIME FTX LAWSUITS

Former Alameda CEO Caroline Ellison agrees to hand over bulk of her assets to settle FTX lawsuit

Caroline Ellison will transfer most of her assets to FTX debtors for a settlement, cooperating with investigations following her involvement in FTX's collapse and subsequent bankruptcy.

theblock.co • 09/10/2024 - 09:09 AM

CRIME

IcomTech founder David Carmona sentenced to nearly 10 years in prison for role in 'cryptocurrency Ponzi scheme'

David Carmona, founder of IcomTech, was sentenced to nearly 10 years for running a cryptocurrency Ponzi scheme that deceived working-class investors.

theblock.co • 04/10/2024 - 21:00 PM

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