Does the Mt. Gox Investigation Actually Matter?
Suppose the Japanese Police have conducted an investigation deep into the Mt. Gox affair, and they've got all this evidence to prove negligence or even theft on the part of Mark Karpeles. The question is: so what? What difference will that make? Will it magically make the funds re-appear in the accounts of investors? That should, after all, be the focus of all operations. To get the money returned the Mt. Gox account holders. Anything that doesn't center on that will ultimately be a fruitless exercise in state power. Mt. Gox robbed a lot of us of a lot of money, and most don't particularly....
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The FBI is investigating a report filed by an unnamed Bitfinex user alleging that funds were stolen from their account, CoinDesk has learned. According to an incident report filed on 14th September, a Cambridge, Massachusetts, resident stated that they lost $1.3m in bitcoin tied to the hack and subsequent $70m theft from Bitfinex. The Cambridge Police told CoinDesk that the matter had been referred to the FBI after an initial investigation. Bitfinex representatives have previously said that they are working with the FBI as part of its investigation into the hack. The incident report – and....
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the digital currency trading platform.
Treasury’s Office of Foreign Assets Control Is Allegedly Investigating Kraken
The San Francisco-based crypto exchange Kraken is allegedly under investigation by the....
A total of six people has been arrested during police raids yesterday, which took place in The Netherlands and beyond. These police raids are a result of an ongoing investigation regarding money laundering with Bitcoin, a service offered by several individual residing in the Rotterdam area. Bitcoin’s PR problem has gotten slightly worse yet again by the look of things. It is not the first time Bitcoin is linked to money laundering activities. However, this police investigation focuses on several individuals offering a guaranteed anonymous exchange from fiat currency to Bitcoin. This type....
The Mt. Gox maelstrom is starting to attract attention from law enforcement in Japan and the US. According to the Wall Street Journal, Mt. Gox has been subpoenaed by the US Attorney's office in New York. Additionally, a few thousand miles west, Japanese officials have confirmed that local authorities are looking into the matter, too. The Wall Street Journal cites an unnamed source, which revealed the federal subpoena was sent this month. Details are rather thin on the ground and at this point in time it remains unclear when the subpoena was sent, or what it is all about. In any case,....
A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation Into Crypto’s Use in Cybercrimes U.S. Senator Gary Peters announced last week a bipartisan “investigation into [the] rise of ransomware attacks and how cryptocurrencies facilitate cybercrimes.” Peters is the chairman of the Homeland Security and Governmental Affairs Committee.....