Late last month, federal prosecutors in the Southern District of New York pushed for a heavy prison sentence against one of the founders of Centra Tech, Inc. (“Centra Tech”). As discussed earlier this year on the BitBlog,...more
12/2/2020
/ Celebrity Endorsements ,
Criminal Prosecution ,
Cryptocurrency ,
Debit and Credit Card Transactions ,
Digital Currency ,
Enforcement Actions ,
Influencers ,
Initial Coin Offering (ICOs) ,
Investment Opportunities ,
Securities Violations ,
Token Sales ,
Unregistered Securities
The U.S. Department of Justice (“DOJ”) filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors. These actors stole millions of dollars’ worth of cryptocurrency or other...more
9/16/2020
/ Blockchain ,
Civil Forfeiture ,
Cryptocurrency ,
Data Breach ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Crimes ,
Financial Services Industry ,
FinTech ,
Foreign Exchanges ,
Hackers ,
Money Laundering ,
North Korea ,
Virtual Currency
The U.S. Department of Justice (“DOJ”) filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors. These actors stole millions of dollars’ worth of cryptocurrency and...more
9/15/2020
/ Civil Forfeiture ,
Cryptocurrency ,
Data Breach ,
Enforcement Actions ,
Financial Crimes ,
Financial Services Industry ,
FinTech ,
Foreign Exchanges ,
Hackers ,
Money Laundering ,
North Korea ,
Virtual Currency
On August 27, 2020, the head of the U.S. Department of Justice’s Antitrust Division (“DOJ”), Makan Delrahim, spoke at the Thirteenth Annual Conference on Innovation Economics and emphasized that one of the DOJ’s top...more
9/11/2020
/ Anti-Competitive ,
Antitrust Division ,
Antitrust Provisions ,
Blockchain ,
Critical Infrastructure Sectors ,
Cryptocurrency ,
Department of Justice (DOJ) ,
FinTech ,
Innovative Technology ,
Monopolization ,
Virtual Currency
Earlier this month, the Ninth Circuit Court of Appeals affirmed the money laundering convictions of Thomas Costanzo, a bitcoin broker. According to Costanzo, the bitcoin transfers at issue, which originated from and were...more
4/25/2020
/ Asset Transfer ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
Digital Wallets ,
Federal Jurisdiction ,
Financial Transactions ,
Interstate Commerce ,
Money Laundering ,
Peer-to-Peer ,
Popular ,
Virtual Currency