USA | ForkLog - Part 69

ForkLog 27 16.02.2024

GoFundMe Halts Fundraiser for Tornado Cash Legal Fees

On February 14, the crowdfunding platform GoFundMe cancelled a fundraiser intended to cover legal expenses for the cryptocurrency mixer Tornado Cash. All contributed funds will be returned to donors. The money we sent to @rstormsf was cancelled by @gofundme — they shut it down. I thought this might happen but am still surprised. Good thing […]

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ForkLog 21 14.02.2024

Digitex CEO Accused of Violating US Bank Secrecy Act

The US Attorney’s Office filed a lawsuit against Adam Colin Todd, CEO of the bitcoin exchange Digitex, for lacking an “adequate” AML/KYC program on the platform. According to authorities, the accused “willfully caused Digitex Futures to violate the Bank Secrecy Act by failing to establish and implement an anti-money laundering system.” Investigators allege that from […]

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ForkLog 12 11.02.2024

Former Heartland Tri-State Bank CEO Accused of Embezzling $47 Million for Cryptocurrency Purchases

Shane Hanes, the former CEO of Heartland Tri-State Bank, has been accused of illegally appropriating $47.1 million of client funds, which he invested in digital assets. According to documents from the Kansas District Court, Hanes began purchasing cryptocurrency with personal funds in December 2022. By early 2023, he had used money from a local church […]

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ForkLog 49 09.02.2024

US Treasury Seeks Expanded Authority to Regulate Cryptocurrencies

US Treasury Secretary Janet Yellen believes the department’s current powers are insufficient to effectively combat the use of cryptocurrencies by terrorist groups, according to The Block. Yellen concurred with Senator Sherrod Brown, who described the existing US tools for combating illicit financing as outdated. “We do have a lot of authority that allows us to […]

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ForkLog 9 08.02.2024

BitFuFu to Debut on Nasdaq via SPAC Merger

BitFuFu, a cloud mining service provider affiliated with Bitmain, will go public through a merger with the SPAC Arisz Acquisition Corp. According to the approved form F-4 by the SEC, shares of the merged company will be traded on Nasdaq under the ticker FUFU. The business merger is set to occur by February 24, 2024, […]

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ForkLog 15 02.02.2024

US Department of Energy to Investigate Bitcoin Miners’ Energy Consumption

The US Energy Information Administration (EIA) will conduct a survey of mining companies regarding their electricity consumption. We’re initiating collection of data regarding #electricity use by US #cryptocurrency miners. We’ll ask about their electricity consumption so we can better understand their energy demands. ?https://t.co/gYpZgtiD6J pic.twitter.com/pQ9ULoLAAU — EIA (@EIAgov) January 31, 2024 The EIA, a statistical […]

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ForkLog 73 02.02.2024

Another BTC-e Case Figure Charged in the US

The US Department of Justice has charged Alexander Klimenko, a Belarusian and Cypriot national and alleged co-owner of the cryptocurrency exchange BTC-e, with conspiracy to launder money and operating an unlicensed financial business. According to investigators, from 2011 to July 2017, Klimenko controlled the BTC-e exchange alongside Alexander Vinnik and other accomplices. He is also […]

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ForkLog 27 01.02.2024

US Proposes Ban on AI-Powered Robocalls

The chairwoman of the US Federal Communications Commission (FCC), Jessica Rosenworcel, has proposed criminalizing phone calls that utilize artificial intelligence. Today we announced a proposal to make AI-voice generated robocalls illegal – giving State AGs new tools to crack down on voice cloning scams and protect consumers. https://t.co/OfJUZR0HrG — The FCC (@FCC) January 31, 2024 […]

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ForkLog 25 30.01.2024

$150 Million in Cryptocurrency Seized in US Drug Trafficking Case

An Indian citizen has pleaded guilty in a US court to drug distribution and money laundering. The amount of cryptocurrency confiscated from him reached a record $150 million for the history of the DEA. Dark Web Vendor Pleads Guilty to Distributing Narcotics and Forfeits $150Mhttps://t.co/00eoJv0RIn pic.twitter.com/jhDUjHMyWR — Criminal Division (@DOJCrimDiv) January 26, 2024 According to […]

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ForkLog 35 26.01.2024

FTC Probes Tech Giants’ Alliances with AI Firms

The Federal Trade Commission (FTC) has launched an investigation into Amazon, Microsoft, OpenAI, Anthropic, and Alphabet regarding their “investments and partnerships” in the field of generative artificial intelligence. In an executive order, the agency demanded that these companies provide relevant information. The initiative aims to assess the impact of these deals and their strategic implications […]

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ForkLog 64 26.01.2024

Estonia to Extradite HashFlare and Polybius Bank Founders to the US

The Estonian government has decided to extradite the founders of the cloud mining service HashFlare and the digital bank Polybius Bank, Sergei Potapenko and Ivan Turygin, to the United States, reports Postimees. The entrepreneurs were detained by Tallinn police on November 20, 2022, at the request of the FBI. The US Department of Justice has […]

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ForkLog 34 26.01.2024

US Government to Gain $115 Million from Sale of Silk Road-Linked 2875 BTC

The US government announced plans to sell 2875 BTC, valued at approximately $115 million, which were confiscated from darknet marketplace Silk Road drug dealers Ryan Farace and Shaun Bridges. In 2018, Farace and his father were sentenced to 57 months in prison. At that time, the court ordered the forfeiture of $5.6 million in cash, […]

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