DOJ

Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022.  The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading.  Alleged Violations And Settlement Revealed According to the DOJ, Robinhood violated the California Commodities Law (CCL) by enabling customers to purchase cryptocurrencies without delivering these assets…

The post Trump Claims DOJ Violated Its Own Policy To Interfere With The Election appeared first on Coinpedia Fintech News Donald Trump has argued that the DOJ has “violated its own policy” by filing a superseding indictment against him so close to the presidential election. On Tuesday, Jack Smith filed a superseding indictment in the D.C. criminal case against former President Donald Trump. Trump stated this new indictment which has all the problems of the old indictment needs to be…

The post KuCoin Partners With Major Law Firm To Fight DOJ, CFTC Lawsuits appeared first on Coinpedia Fintech News KuCoin has announced its new partnership with the A&O Shearman Law firm to fight against lawsuits from DOJ and CFTC. In March, the US CFTC filed a lawsuit against KuCoin, alleging its failure to register with the regulatory bodies. U.S. federal prosecutors also charged KuCoin with violating anti-money laundering laws. KuCoin’s CEO revealed multiple rounds of communication with the agencies and…

The post US DOJ Announces Arrest Of Two Brothers For Manipulating Ethereum Blockchain And Stealing $25 Million appeared first on Coinpedia Fintech News According to a press release, brothers Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, have been arrested and charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. The charges arise from an alleged scheme to exploit the Ethereum blockchain, netting the duo approximately $25 million worth of…

DOJ picks FRA over Sullivan & Cromwell to monitor Binance, aiding compliance efforts after money laundering allegations. FRA was chosen over Sullivan & Cromwell due to controversy, ensuring compliance with the plea agreement. The United States Department of Justice (DOJ) has appointed Forensic Risk Alliance (FRA), a consulting firm based in London, as the monitor for Binance, the world’s largest cryptocurrency exchange. This move comes as part of Binance’s plea deal with the DOJ last year following allegations of money…

The United States Department of Justice (DOJ) has charged and arrested Roger Ver, an early BTC investor known as Bitcoin Jesus, for evading taxes of up to $50 million. According to an official release, the DOJ unsealed the indictment against Ver on April 29 and ordered his arrest in Spain during the weekend. U.S. DOJ Charges Ver for Tax Evasion The DOJ’s indictment accused Ver of filing false tax returns, committing mail fraud and tax evasion between 2011 and 2017…

The post Senators Warren and Cassidy Call for DOJ and DHS Action Against Cryptocurrency-Fueled CSAM Trade appeared first on Coinpedia Fintech News U.S. Senator Elizabeth Warren, alongside Senator Bill Cassidy, made an urgent appeal to the U.S. Department of Justice (DOJ) and Department of Homeland Security in a letter that called for enhanced tools to combat the use of cryptocurrency in the illegal trade of child sexual abuse materials (CSAM).  Their joint letter dated April 25, 2024, mainly targeted the…

The post U.S. DOJ Cracks Down on Samourai Wallet for Alleged Money Laundering appeared first on Coinpedia Fintech News Samourai Wallet developers released a beta version in 2024 allowing atomic swaps of bitcoin/monero. This new feature streamlined secure swaps between BTC and XMR using the Tor network. This release came amidst government scrutiny of privacy coins and exchanges delisting them.  In October, FinCEN proposed new rules for crypto-mixing services. This was done to reduce money laundering risks. Also, starting from…

The U.S. Department of Justice (DOJ) has recommended a three-year prison sentence for Changpeng “CZ” Zhao, the founder and former Chief Executive Officer of Binance. This recommendation follows Zhao’s guilty plea last year for violating the Bank Secrecy Act last November. CZ’s Sentencing According to documents filed by DOJ attorneys on Tuesday night, Zhao should serve 36 months in prison and pay a $50 million fine. The filing asserted that “the sentence in this case will not just send a…