Category: Legal

US Treasury wants to get crypto industry on board with sanctions programs

US Treasury wants to get crypto industry on board with sanctions programs

The Treasury wants to keep its sanctions toolbox effective. That apparently means working with the crypto industry. On October 18, the Treasury published a review of sanctions for 2021. While it highlights crypto as a threat, it also stresses the need for the department to engage with the crypto community. Administered by the Treasury’s Office […]

Continue Reading

Ukraine’s president returns long-awaited crypto bill to Parliament, seeking regulatory revisions

On October 6, the office of Volodymyr Zelensky, president of Ukraine, returned to Parliament a bill that would establish a comprehensive regulatory regime for digital assets. The primary issue that the president’s office had was the establishment of a new regulatory body for crypto, which would be expensive: “The creation of a new body, as […]

Continue Reading

International authorities arrest ransomware gang members in Ukraine

International authorities arrest ransomware gang members in Ukraine

On October 4, Europol announced the arrest of two ransomware operators in Ukraine, part of a crackdown on a larger organized cybercrime group that targeted industrial groups in North America and the EU. The ransomware operators were not named, nor was the operating group or strain of ransomware they deployed. The only specifics were that […]

Continue Reading

Judge dismisses some claims against Bitfinex and Tether but class-action lawsuit continues

Judge dismisses some claims against Bitfinex and Tether but class-action lawsuit continues

A judge has thrown out about half of the claims in a class-action lawsuit alleging that exchanges Bitfinex, Bittrex and Poloniex, stablecoin operator Tether and others manipulated crypto markets. In June of 2020, a group of traders and trading firms grouped up to file an amended complaint against the exchanges in the Southern District Court […]

Continue Reading

SEC levies charges against alleged ‘meme stock’ wash traders

SEC levies charges against alleged ‘meme stock’ wash traders

The Securities and Exchange Commission (SEC) has charged two men with allegedly wash trading meme stocks to take advantage of rebate programs. At the start of 2021, certain unlikely stocks went gangbusters when online communities identified that Wall Street short-sellers were taking on large positions in thought-to-be-failing businesses like GameStop and AMC. Retail traders piled […]

Continue Reading

Ethereum researcher Virgil Griffith pleads guilty to sanctions violations

Ethereum researcher Virgil Griffith pleads guilty to sanctions violations

Ethereum researcher Virgil Griffith has pleaded guilty at the start of his trial in the Southern District of New York. Griffith was formally indicted for allegedly giving a talk in North Korea on blockchain and cryptocurrencies, violating U.S. sanctions laws. At the time, U.S. Attorney Geoffrey S. Berman said Griffith allegedly “provided highly technical information […]

Continue Reading

Judge denies Ripple’s request for SEC crypto trading disclosures

Judge denies Ripple’s request for SEC crypto trading disclosures

A U.S. magistrate judge has denied Ripple’s request for documents detailing regulators’ crypto trading activity.  In a motion published to the federal register today, Judge Sarah Netburn declined to grant Ripple access to documents that could show whether employees of the Securities and Exchange Commission (SEC) have executed transactions in bitcoin, ether or XRP.  The […]

Continue Reading

Chainalysis used an IP-scraping block explorer to aid law enforcement, leaked docs say

Chainalysis used an IP-scraping block explorer to aid law enforcement, leaked docs say

Documents leaked on the dark web and first reported by CoinDesk’s Danny Nelson show Chainalysis advertising its use of an affiliated wallet explorer as a means of gathering IP information to aid in police investigations. The deck — allegedly from a presentation to Italian law enforcement — noted that the firm had used WalletExplorer.com to […]

Continue Reading

$30M in ETH on the move after authorities confirm arrest of WEX exchange founder

$30M in ETH on the move after authorities confirm arrest of WEX exchange founder

Earlier this week, reports emerged that Polish authorities had arrested Dmitri Vasiliev, the founder of crypto exchange WEX, in Warsaw. Yesterday, as authorities officially confirmed that Vasiliev was in custody, $30 million in ether (ETH) started moving out of a wallet associated with WEX.  However, it appears that the actual handling of the funds could […]

Continue Reading