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Cryptocurrency › Forfeiture

Shipkevich PLLC

Digital Assets Now Subject to Forfeiture Under New Connecticut Law

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On June 4, 2024, Connecticut Governor Ned Lamont signed Senate Bill 6990 into law, making significant changes to the state’s asset seizure and forfeiture statutes by expressly including virtual currency and digital wallets as...more

Seyfarth Shaw LLP

Cryptocurrency Collective Files Trade Secret Suit to Protect Its Interest in Wu-Tang Clan Album

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Once upon a time in the Eastern District of New York, a cryptocurrency foundation, new owners of the sole copy of Wu-Tang Clan’s “Once Upon a Time in Shaolin,” filed suit against the album’s former purchaser, Martin Shkreli,...more

Dickinson Wright

Court of Appeal Decides Fate of “Crypto King” $500,000 Deposit

Dickinson Wright on

In 2021, the self-proclaimed “Crypto King,” along with an associate, paid a $500,000 deposit to purchase a commercial real estate property to store their exotic car collection. The “Crypto King,” Aiden Pleterski, had...more

Proskauer - The Capital Commitment

DOJ Task Force KleptoCapture to Target Russian Oligarchs

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Over the past week, the U.S., UK, and EU imposed sweeping sanctions rolled out by the US, in response to Russia’s invasion of Ukraine, outlined here. Also last week, the Department of Justice announced the launch of Task...more

Orrick, Herrington & Sutcliffe LLP

DOJ Demonstrates its Ability to Track Illegal Foreign Funds Laundered Through Crypto; Financial Institutions Must Keep Up

Orrick, Herrington & Sutcliffe LLP on

The Department of Justice (DOJ) announced last week and earlier this month civil forfeiture actions brought by the United States Attorney’s Office for the District of Columbia to seize stolen or laundered virtual currency...more

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