French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]

The post French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud appeared first on Crypto Breaking News.

View Details

Prosecutors Want Sam Bankman-Fried Jailed Ahead of Trial

U.S. prosecutors have asked a federal judge to put crypto exchange FTX founder Sam Bankman-Fried in jail over alleged witness tampering before his trial starts in October. While requiring the prosecution to formalize the request and giving the defense enough time to make its case, the judge issued a temporary gag order restricting their public [...]

The post Prosecutors Want Sam Bankman-Fried Jailed Ahead of Trial appeared first on Crypto Breaking News.

View Details

Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm

Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility within the city of Zliten, local reports detail. Cryptocurrency mining is strictly prohibited by law in Libya. Libyan law enforcement officials have disclosed that the mining operation, situated in an abandoned iron factory, was effectively dismantled.

The post Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents. Report Says Kwon’s Legal Representation Aims [...]

The post Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro appeared first on Crypto Breaking News.

View Details

Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets

A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments he considers related to the case, including the recent murder of a Bulgarian crime figure in South Africa. [...]

The post Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets appeared first on Crypto Breaking News.

View Details

Crypto.com customer accused of $7M spending spree granted bail

The judge said that imprisonment wasn’t necessary because Jatinder Singh couldn’t flee Australia without his Indian passport.

View Details

Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

The post Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders appeared first on Crypto Breaking News.

View Details

South Korean officials traveled to Serbia to find Do Kwon

South Korean authorities have previously requested cooperation from the Serbian government to bring Kwon back.

View Details

US Investigators Summons Hedge Funds Involved in Alleged Binance Money-Laundering Breach

The investigation has been sending subpoenas to firms, requesting records of their dealings with Binance in the past months.

The post US Investigators Summons Hedge Funds Involved in Alleged Binance Money-Laundering Breach appeared first on BitPinas.

View Details

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.

View Details

FTX's Bankman-Fried to face market manipulation probe, Do Kwon chimes in

As part of a broader inquiry into FTX's collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.

View Details

Seoul Prosecutors Reveal Terra's Do Kwon is Hiding in Europe

South Korean prosecutors believe Do Kwon is currently residing in Europe (Read More)

View Details

Turkish prosecutor wants to imprison Thodex execs for 40,564 years

In what would be the most severe jail sentence of all time, a Turkish prosecutor wants to imprison 21 executives of the now-defunct crypto exchange Thodex for up to 40,564 years, Bloomberg reported on March 31, citing reports from local media. In April 2021, one of the then-popular crypto exchanges Thodex said its platform is […]

View Details

Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex – Exchanges Bitcoin News

Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case. The trading platform’s CEO has been missing for the past year since Thodex suspended activities in a suspected exit scam. Turkey Seeks up to 40,000 Years […]

View Details

Report: NYC Prosecutor Resigns In High-Profile Sam Bankman-Fried Case

Manhattan prosecutor Danielle Sassoon steps down from position After serving as a prosecutor in Manhattan for several years, Danielle Sassoon has officially resigned from her role. This news comes as a surprise to many in the legal community, as Sassoon was known for her strong advocacy and dedication to upholding justice. During her tenure, Sassoon [...]

The post Report: NYC Prosecutor Resigns In High-Profile Sam Bankman-Fried Case appeared first on Crypto Breaking News.

View Details

5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle

The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving SBF’s legal team to juggle two cases in the future. 5 Counts Against SBF Severed [...]

The post 5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle appeared first on Crypto Breaking News.

View Details

Terraform Labs CEO Sent $7 Billion to Law Firm Before Ecosystem Collapse

South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent $7 billion to a top South Korean law firm, Kim & Chang, right before the collapse of the Terra ecosystem. The prosecutors believe that Kwon's decision to send the funds was a deliberate move that allegedly reaffirmed his awareness of the impending collapse and anticipated legal problems. The information is expected to help in the ongoing fraud case against Kwon and his associates. (Read More)

View Details

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils

Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean [...]

The post Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils appeared first on Crypto Breaking News.

View Details

Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have

The post Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million appeared first on BTC Ethereum Crypto Currency Blog.

View Details

Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets

Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction [...]

The post Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets appeared first on Crypto Breaking News.

View Details