KuCoin Faces $300 Million Penalty After Pleading Guilty To US Charges
Cryptocurrency exchange KuCoin has pleaded guilty to operating an unlicensed money transmitting business, as reported by Bloomberg. KuCoin Agrees To Hefty Fines The plea was made before US District Judge Andrew Carter in Manhattan, who imposed a substantial penalty on KuCoin. The company agreed to pay nearly $300 million in fines and forfeitures, which includes […]
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The former operator of the now-defunct bitcoin exchange Coin.mx has plead guilty in federal court. The move comes after Anthony Murgio had previously plead not guilty to money transmitting charges, first filed last year. The case has been connected by federal prosecutors to the hacking of major US companies, including JPMorgan Chase. Murgio changed his plea to guilty on three charges, including the operation of an unlicensed money transmission service, Reuters reports. He now faces sentencing in June. Attorney Brian Klein, who represents Murgio, confirmed the plea. He told CoinDesk by....
The U.S. Security and Exchange Commission (SEC) sued and set charges of 1 million USD as a monetary penalty against Friedman LLP, the former auditing firm of Tether. Although the stablecoin issuer Tether hired the same auditing company from May 2017 to January 2018, the case filed last week does not count it. It has […]
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Source: YouTube user Ross Ulbricht. In a Manhattan court, Ross Ulbricht pleaded 'not guilty' today on all charges related to his alleged founding and managing of the Silk Road online drug marketplace on the darknet, taken down late last year. Ulbricht's formal indictment came on Tuesday, in which a charge we haven't previously seen of running a "criminal enterprise" was made known to the public (other charges include narcotic trafficking and money laundering). Ulbricht's defense attorney, Joshua Dratel, had already hinted that Ulbricht would be pleading not guilty this week - eliminating....