Legal

Money Laundering

Payza Founders Sentenced in $250M Money Laundering Case

Danny NelsonNov 13, 2020

Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.

SEC

SEC Seeks Trial of Swedish National Over Alleged Fraud That Took $3.5M in Crypto

Sebastian SinclairSep 30, 2020

The man is alleged to have fleeced 2,200 victims in the U.S. and 45 other countries, netting $3.5 million via payments in bitcoin and other digital assets.

Opinion

BitMEX Founder’s Charges Highlight Risks for DeFi

Grant Fondo Meghan Spillane Galen PhillipsNov 24, 2020

The case against BitMEX, an offshore crypto trading platform, has regulatory implications for the burgeoning DeFi market.

QuadrigaCX

QuadrigaCX Users’ Law Firm Launches Blockchain Analytics Investigation

Nikhilesh DeSep 8, 2020

Miller Thomson, the law firm representing QuadrigaCX's former users, has hired Kroll and Coinfirm to conduct blockchain sleuthing services.

North Korea

US Files Suit Against Crypto Accounts Tied to North Korea

Danny NelsonAug 27, 2020

Prosecutors say the 280 accounts hold crypto stolen from two exchange hacks last year.

Legal

Legal

Ex-NYSE Broker Accused of Running $33M Crypto Scam Pleads Not Guilty

Paddy Baker

Michael Ackerman pleaded not guilty to one count of wire fraud for his involvement in the Q3 investment club that allegedly defrauded 150 investors.

Legal

Bison Trails Hires Ex-Goldman Sachs VP as Legal Head

Nathan DiCamillo

Blockchain infrastructure provider Bison Trails has hired BlockTower Capital’s former compliance director to be its first general counsel.

Exchanges

Cryptopia Creditor Issues Legal Notice to Liquidator Over Alleged Failures, Fees

Sebastian Sinclair

Blockchain firm GNY has sent a legal notice to Grant Thornton New Zealand over alleged high fees and failures to properly address its claim.

Scams

Man Charged With Defrauding $4.5M in Crypto to Fund Gambling Habit

Paddy Baker

The New York man asked investors for loans for what he called a low-risk investment, but the DOJ said most of the money was sent to offshore gambling sites.

OneCoin

Alleged Leader of OneCoin Ponzi Has Sentencing for Money Laundering Adjourned

Sebastian Sinclair

Konstantin Ignatov has again had his sentencing date adjourned while he continues to cooperate with U.S. prosecutors.

Law

DC Lawyers Can Now Accept Crypto for Legal Fees

Sebastian Sinclair

The District of Columbia Bar has approved crypto payments for lawyers' fees.

Wirecard

Wirecard Fallout: Auditor EY Accused of Not Flagging $2.1B Black Hole Sooner

Paddy Baker

Following a sharp drop in the Wirecard stock price, the German shareholders' body holds EY responsible for not alerting the public sooner over the firm's accounting failures.