DOJ
$15 Billion Seized in DOJ’s “Largest Crypto Forfeiture” Linked to Pig Butchering
- DOJ targets Cambodia fraud; Chen Zhi allegedly used bribery and trafficked labor for crypto scams.
- SEC launches campaign highlighting “pig butchering” and other relationship-based investment scams.
Tuesday, 14/10/2025 | 16:14 GMT by
Tareq Sikder
Fake Forex Traders Bilk Victims of $650 Million: “Precision-Engineered Betrayals”
- Two men who ran OmegaPro have been charged with defrauding investors by promising 300% returns on FX trades.
- Defendants used social media wealth displays to lure thousands of victims worldwide before pocketing millions for themselves.
Wednesday, 09/07/2025 | 07:56 GMT by
Damian Chmiel
Bank of America's Former Energy Banking Chief Faces DOJ $8 Billion Trading Probe
- A former BofA senior dealmaker is under DOJ investigation for allegedly tipping someone off about an $8 billion energy company acquisition in 2022.
- Jason Satsky was placed on leave last year when the bank learned of the probe and was later dismissed during broader job cuts.
Thursday, 22/05/2025 | 07:09 GMT by
Damian Chmiel
Billionaires' Secret Swiss Accounts Just Cost UBS $511 Million
- UBS will pay over $0.5B to settle a U.S. investigation into Credit Suisse's tax evasion practices involving wealthy Americans.
- The case revealed Credit Suisse helped clients hide over $4 billion from tax authorities despite a previous 2014 agreement to stop such practices.
Tuesday, 06/05/2025 | 07:07 GMT by
Damian Chmiel
SafeMoon’s Former CEO Faces Fraud Charges as DOJ Maintains Case
- Braden Karony has pleaded not guilty and is currently out on a $3 million bond, while his defense team argues the trial should be postponed.
- Under Trump-era leadership, the SEC and DOJ scaled back crypto crackdowns, including dropping major cases of top crypto firms.
Friday, 18/04/2025 | 19:50 GMT by
Jared Kirui
U.S. Department of Justice Dismantles Crypto Enforcement Unit in Major Shift Under Trump
- This change aligns with President Donald Trump's pro-crypto agenda and reflects his administration’s intention to reverse regulatory policies.
- The DOJ will no longer pursue cases against crypto platforms unless there is clear evidence of intentional wrongdoing.
Tuesday, 08/04/2025 | 19:22 GMT by
Jared Kirui
U.S. Targets Hamas Crypto Operations, Seizing $200,000
- The Justice Department said it seized assets included cryptocurrency addresses valued at $89,900 and three accounts holding an additional $111,500.
- U.S. DOJ intervention blocked a significant revenue stream for Hamas, preventing further circulation of these funds.
Thursday, 27/03/2025 | 18:39 GMT by
Jared Kirui
Two Estonians Plead Guilty to $577M Crypto Ponzi Scheme, May Face 20 Years in Prison
- HashFlare founders agreed to forfeit $400M, with funds potentially used for victim compensation.
- The founders faked mining profits, defrauded customers, and spent funds on luxuries.
Thursday, 13/02/2025 | 18:13 GMT by
Tareq Sikder
Wall Street Bitcoin Miner CEO's $2M Casino Gamble Ends in Federal Indictment
- Former BIT Mining CEO faces federal charges for orchestrating a $1.9 million bribery scheme targeting Japanese officials.
- The BTC mining company has agreed to pay $14 million in penalties and entered a three-year deferred prosecution agreement.
Tuesday, 19/11/2024 | 08:09 GMT by
Damian Chmiel
US Charges Two Russian Nationals in Money Laundering Scheme Involving Crypto Exchanges
- DOJ, in partnership with international partners, seized domain names connected to illegal crypto exchange operations.
- One individual is accused of laundering over $1.15 billion through crypto transactions.
Thursday, 26/09/2024 | 21:27 GMT by
Jared Kirui
Sam Bankman-Fried's Legal Battle Begins: Inside the $8 Billion Trial
- The trial reveals alleged misappropriation of customers' funds, leading to the collapse of FTX.
- Bankman-Fried's empire unraveled last year, marking one of the biggest financial frauds in US history.
Tuesday, 03/10/2023 | 13:59 GMT by
Jared Kirui
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