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The U.S. Federal Bureau of Investigation arrested three men accused in a complicated scheme to steal $10 million from banks and swap it for crypto. (Jesse Hamilton/CoinDesk)
Policy
Regulation
FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto
Three men allegedly used foreign crypto exchanges to launder the proceeds of a scheme that targeted nearly a dozen financial institutions in the New York metro area.
The U.S. Federal Bureau of Investigation arrested three men accused in a complicated scheme to steal $10 million from banks and swap it for crypto. (Jesse Hamilton/CoinDesk)
By Elizabeth Napolitano
Nov 16, 2023 at 6:43 p.m. UTC
Nov 16, 2023
RegulationBank FraudFederal bureau of investigationSDNYCriminalNew York
SDNY courthouse (Spencer Platt/Getty Images)
Policy
Sdny
Crypto Trader Avi Eisenberg's $110M Fraud Trial Delayed Until April 2024
The alleged Mango Markets exploiter said he needs more time to prepare for trial.
SDNY courthouse (Spencer Platt/Getty Images)
By Danny Nelson
Nov 3, 2023 at 10:18 p.m. UTC
Nov 3, 2023
SDNYMango MarketsTrials
XRP 24-hour chart (CoinDesk Indices)
Markets
Ripple
Ripple’s XRP Token Surges 96% After Partial Victory in SEC Lawsuit
XRP climbed as high as 93 cents at one point, its highest level since March 2022.
XRP 24-hour chart (CoinDesk Indices)
By Sage D. Young
Jul 13, 2023 at 4:44 p.m. UTC
Jul 13, 2023
RippleXRPSDNYSECRegulation
(Twitter.com)
Finance
Twitter hack 2020
U.S. Authorities Extradite UK Citizen Behind 2020 Twitter Hack, SIM Swap Crypto Theft
Joseph O’Connor, known by his handle PlugWalkJoe, was arrested in Spain in 2021.
(Twitter.com)
By Sam Reynolds
May 10, 2023 at 1:30 a.m. UTC
May 10, 2023
Twitter Hack 2020TwitterSDNY
Ian McGinley, a partner at Akin Gump, said the outlook is grim for former FTX CEO Sam Bankman-Fried. (CoinDesk)
CoinDesk
Ftx collapse
Ellison and Wang Will Be ‘Game Changers' in Bankman-Fried's Trial, Lawyer Says
The testimony of the two FTX insiders could be damning for Bankman-Fried as he fights criminal charges, according to Ian McGinley, a partner at Akin Group.
Ian McGinley, a partner at Akin Gump, said the outlook is grim for former FTX CEO Sam Bankman-Fried. (CoinDesk)
By Fran Velasquez
Dec 27, 2022 at 6:40 p.m. UTC
Dec 27, 2022
FTX CollapseSDNYAkin gump strauss hauer and feldCoinDesk TVAlameda Research
NEW YORK, NY - DECEMBER 22: FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on December 22, 2022 in New York City. Bankman-Fried, who was indicted on December 9th and arrested 3 days later by Bahamas law enforcement at the request of U.S. prosecutors, consented to extradition to the U.S. where he is facing eight criminal counts of fraud, conspiracy and money-laundering offenses which includes making illegal political contributions. He is potentially facing life in prison if convicted. He was released on $250 million bond with the bail package requiring him to stay with his parents in California. (Photo by David Dee Delgado/Getty Images)
Policy
Regulations
Sam Bankman-Fried Released on $250M Bail Secured by Parents
In his first court appearance since being extradited from the Bahamas, the former CEO was told he can live with his parents on $250 million bail secured by their Palo Alto hou...
NEW YORK, NY - DECEMBER 22: FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his arraignment and bail hearings on December 22, 2022 in New York City. Bankman-Fried, who was indicted on December 9th and arrested 3 days later by Bahamas law enforcement at the request of U.S. prosecutors, consented to extradition to the U.S. where he is facing eight criminal counts of fraud, conspiracy and money-laundering offenses which includes making illegal political contributions. He is potentially facing life in prison if convicted. He was released on $250 million bond with the bail package requiring him to stay with his parents in California. (Photo by David Dee Delgado/Getty Images)
By Elizabeth NapolitanoJesse Hamilton
Dec 22, 2022 at 6:47 p.m. UTC
Dec 22, 2022
RegulationsSDNYCourt CasesFTX CollapseFTXAlameda ResearchCriminal Justice
Caroline Ellison, former CEO of Alameda Research (Twitter/@carolinecapital)
Finance
Caroline ellison
Caroline Ellison Plea Agreement: $250,000 Bail, Surrender of Travel Documents, Forfeiture of Assets
The plea agreement would waive Ellison of any charges except criminal tax violations, provided she fully cooperates with U.S. Attorney's office.
Caroline Ellison, former CEO of Alameda Research (Twitter/@carolinecapital)
By Sam Reynolds
Dec 22, 2022 at 6:29 a.m. UTC
Dec 22, 2022
Caroline ellisonFTXAlameda ResearchSDNYUS
(Shutterstock)
Policy
Ftx
Manhattan US Attorney's Office Opens Probe Into FTX Collapse: Reuters
The investigation is one of several probes into the now-bankrupt company's operations.
(Shutterstock)
By Elizabeth Napolitano
Nov 14, 2022 at 4:01 p.m. UTC
Nov 14, 2022
FTXSBFSDNYDOJ
Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Bitfinex)
Policy
Regulations
US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report
The U.S. Attorney’s Office for the Southern District of New York will now be handling the investigation, Bloomberg reported Monday.
Tether Chief Technology Officer Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Bitfinex)
By Cheyenne Ligon
Oct 31, 2022 at 4:16 p.m. UTC
Oct 31, 2022
RegulationsTetherSDNY
The Southern District of New York's courthouse (elbud / Shutterstock)
Consensus Magazine
Department of justice
How the Feds Are Prosecuting NFT Insider Trading Scheme as Wire Fraud – and Why That Matters
The Justice Department could use the case as a model to police market manipulation for other assets. Regulators are watching.
The Southern District of New York's courthouse (elbud / Shutterstock)
By David AxelrodAndrew N. D'Aversa
Jun 10, 2022 at 10:58 p.m. UTC
Jun 10, 2022
Department of JusticeSDNYSECSecuritiesNFTs