U.S. Department Of Justice Announces Launch Of National Cryptocurrency Enforc...
The U.S. Department of Justice has announced the launch of a National Cryptocurrency Enforcement Team (NCET). This team would handle investigations and prosecutions of criminal misuses of cryptocurrency. In particular, crimes committed by virtual currency exchanges and money launderers. The Justice Department released a report to this effect on its website on Wednesday, October 6, 2021. This […]
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United States Justice Department decided to appoint Eun Young Choi as head of a new unit to watch illegitimate cryptocurrency ventures. Eun will scrutinize the illegal activities of cyber culprits and other countries like Iran and North Korea. Eun Young Choi, the newly appointed director of The National Cryptocurrency Enforcement Team, will be instrumental in […]
The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest financial seizure ever.”
Silk Road Exploiter Pleads Guilty
The U.S. Department of Justice (DOJ) announced Monday that James Zhong pleaded guilty on Friday “to committing wire fraud in September 2012 when he unlawfully obtained over 50,000 bitcoin from the Silk Road dark web....
Both the FBI and the U.S. Justice Department are making moves in the crypto space. Recent high-profile victories offered the necessary incentive for both organizations to take action. Reuters reports that the Justice Department hired “a seasoned computer crimes prosecutor” as their new crypto zar. For their part, the “FBI is launching a unit for blockchain analysis and virtual asset seizure.” Both moves are a clear indication of the U.S.’s newfound attitude towards cryptocurrencies. The Justice Department’s New Crypto Czar The U.S. Justice Department’s National Cryptocurrency....
The crypto landscape is heating up as the U.S. Department of Justice ramping up its efforts to counteract the risks posed to the American people by the illegal exploitation of digital assets. On Friday, the Department of Justice’s Criminal Division announced the launch of its nationwide Digital Asset Coordinator (DAC) network. More than 150 federal […]
Crypto exchange giant Binance is allegedly under investigation by the U.S. Internal Revenue Service (IRS), as well as the Department of Justice (DOJ) for money laundering and tax evasion. BREAKING: Binance, the world's biggest crypto exchange, is under investigation by the Justice Department and IRS https://t.co/mk0Njo7tUE — Bloomberg Crypto (@crypto) May 13, 2021 According to […]