USA | ForkLog - Part 54

ForkLog 19 09.10.2024

Cryptocurrency Firms Pay $32 Billion to US Regulators

US authorities have extracted $32 billion from cryptocurrency companies in settlements over compliance issues, according to a report by CoinGecko. Top Crypto Settlements by US Regulators ?‍⚖️ 1. FTX & @AlamedaResearch — $12.70B2. Celcius — $4.70B3. Terraform Labs — $4.50B4. @binance — $4.30B5. Genesis — $2.00B6. Voyager — $1.65B7. @telegram — $1.24B8. @coinbase — $100M9. […]

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ForkLog 12 09.10.2024

Elderly American Ordered to Pay Nearly $14 Million for Crypto Pyramid Scheme

A Las Vegas court has sentenced 86-year-old former attorney David Keagle from California to a five-year suspended sentence for orchestrating a cryptocurrency pyramid scheme. The defendant will pay approximately $13.95 million in restitution. In May, he pleaded guilty to a single charge. Keagle is currently in hospice care at a Las Vegas nursing home due […]

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ForkLog 32 08.10.2024

Crypto.com Challenges SEC Following Wells Notice

The platform Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) to safeguard the future of the crypto industry in the country. Today, https://t.co/pFc4Pz9nFR filed suit against the SEC to protect the future of crypto in the U.S.: https://t.co/kXxyhF7zFe — Kris | Crypto.com (@kris) October 8, 2024 The decision came after […]

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ForkLog 14 06.10.2024

IcomTech Founder Sentenced to 10 Years for Cryptocurrency Pyramid Scheme

Judge Jennifer Rochon of the Southern District of New York sentenced IcomTech cryptocurrency pyramid founder David Carmona to 121 months in prison. “David Carmona orchestrated the IcomTech cryptocurrency Ponzi scheme, preying on working-class individuals by promising them complete financial freedom in exchange for their hard-earned money. Carmona pledged to invest the victims’ funds in crypto […]

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ForkLog 10 05.10.2024

Bitcoin Decentralization: A Matter of US National Security

Maximizing the decentralization of the first cryptocurrency across the entire stack is a matter of US national security, according to Auradine CEO Rajeev Khemani in a comment to Cointelegraph. He suggests that third-party firmware, which updates and changes over time, could theoretically be used to compromise the energy system or launch a 51% attack on […]

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ForkLog 31 05.10.2024

Tether’s Paolo Ardoino: A Key Ally of the US Government

Paolo Ardoino, head of the stablecoin USDT issuer Tether, stated in an interview with Cointelegraph that the company is doing everything possible to maintain good relations with the United States. According to him, the firm manages this “much better” than its competitors, thanks to efforts in compliance and cooperation with authorities. An additional reason for […]

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ForkLog 41 04.10.2024

US SEC and DOJ Back Lawsuit Against Nvidia Over Crypto Miner Sales

The class action lawsuit against Nvidia, accusing the company of distorting financial results from graphics card sales to cryptocurrency miners, is set to proceed. This was stated to the US Supreme Court by the Department of Justice and the SEC in a filing. The legal battle has been ongoing since 2018, reaching the highest judicial […]

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ForkLog 23 03.10.2024

AT&T Faces Renewed Legal Battle Over $24 Million Cryptocurrency Theft

Telecommunications giant AT&T is once again facing court proceedings regarding its role in the theft of $24 million in cryptocurrency from Michael Terpin, founder of the bitcoin investor group BitAngels, through SIM card swapping. The relevant ruling was issued by the Ninth Circuit Court of Appeals. The incident occurred in 2018 when 15-year-old hacker Ellis […]

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ForkLog 10 03.10.2024

SEC’s Gurbir Grewal to Step Down as Enforcement Director

On October 11, SEC’s Director of Enforcement Gurbir Grewal will leave the agency. In the crypto community, he was dubbed the “chief instigator of the Commission’s attack” on cryptocurrencies. Experts doubt any change in the regulator’s policy. The U.S. Securities and Exchange Commission (SEC) has announced that Gurbir Grewal will step down as Director of […]

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ForkLog 9 02.10.2024

Indiana Man Admits to $37 Million Cryptocurrency Theft

The U.S. Attorney’s Office has charged a 21-year-old resident of Lebanon, Indiana, with cybercriminal fraud resulting in over $37 million in cryptocurrency losses. Court documents reveal that in February 2022, Evan Light was involved in hacking an investment holding company based in Sioux Falls, South Dakota. He stole personal information from clients and cryptocurrencies amounting […]

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ForkLog 28 01.10.2024

Yuki Gambaryan Urges US State Department to Intervene in Husband’s Case

The wife of Tigran Gambaryan, an arrested Binance executive in Nigeria, has called on the US State Department to assist in his release. Yuki Gambaryan made her appeal on the Designated podcast. According to Yuki Gambaryan, Tigran’s health is rapidly deteriorating. He requires a tonsillectomy due to persistent respiratory infections and is unable to walk […]

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ForkLog 36 28.09.2024

Tether Aids in Freezing $6 Million from Crypto Fraudsters

Tether, the issuer of the stablecoin USDT, has assisted the U.S. Department of Justice in seizing assets worth over $6 million linked to crypto fraudsters from Southeast Asia. Tether Assists U.S. Department of Justice in Seizing Over $6 Million in Alleged Proceeds Linked to Crypto-Confidence SchemeRead more: https://t.co/ZVruF5UhvP — Tether (@Tether_to) September 27, 2024 The […]

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