United States prosecutors have charged a man with wire fraud and money laundering charges after he allegedly defrauded two cloud computing providers to run a “large-scale illegal ‘cryptojacking’ operation” — with the perpetrator facing up to 50 years in prison. The Brooklyn U.S. Attorney’s Office on April 15 claimed Charles O. Parks III, also known as “CP3O,” […]
Security News
What to expect at Changpeng Zhao’s sentencing on April 30
Former Binance CEO Changpeng “CZ” Zhao is scheduled to appear before a federal judge more than 160 days after pleading guilty to one felony count as part of a settlement agreement with United States authorities. On April 30, Judge Richard Jones will hear from prosecutors and CZ’s attorneys in United States District Court for the […]
IRS investigation chief expects uptick in crypto tax evasion this year
The United States Internal Revenue Service says it’s gearing up for a significant rise in crypto tax crime cases going forward, as U.S. citizens hit the deadline to file their taxes on April 15. Speaking to CNBC at the Chainalysis Links event in New York, IRS criminal investigation chief Guy Ficco said his agency was getting ready […]
John Deaton’s crypto backers help outraise Warren in Senate race
Pro-crypto lawyer John Deaton has outraised Senator Elizabeth Warren over the first quarter of this year for his bid to seize her Senate spot — bankrolling $1.36 million compared to Warren’s $1.09 million. A whose who of crypto backers make up Deaton’s top donors, including Ripple executives Chris Larsen and Brad Garlinghouse, Gemini founders Cameron […]
Crypto sleuth warns of scammers behind DeFi protocol
Pseudonymous blockchain investigator ZachXBT issued a warning about a group of scammers attempting to entrap more victims in a new fraud using millions of stolen funds. In a thread on X, ZachXBT disclosed the findings of an investigation over Leaper Finance, a lending protocol based on Blast. According to the analysis, the group is behind several rug […]
Bitcoin’s ‘normal drop’ leads to $256M longs liquidated — analysts
Bitcoin’s price decline of over 7% within the last 24 hours has resulted in $256 million in losses for traders with long positions. However, analysts believe it’s nothing out of the ordinary, despite escalating geopolitical tensions in the Middle East. “So far, this is a normal drop. In fact, we’ve had several 20-22% drops this cycle,” […]
SEC breaks from past policy guidelines in Uniswap crackdown
The United States Securities and Exchange Commission (SEC) is contradicting years of its own policy guidelines in the latest action against decentralized crypto exchange Uniswap, said Cinneamhain Ventures’ Adam Cochran. In a legal analysis on X (formerly Twitter), Cochran referred to several previous decisions by the U.S. regulator over the definition of an exchange and […]
GBTC sees $166M outflow despite CEO’s ‘equilibrium’ remark
The Grayscale Bitcoin exchange-traded funds (ETF), GBTC, continues to experience significant outflows, with over $166 million and more than 2,500 Bitcoin withdrawn from the fund’s holdings on Friday, April 12. According to Farside Investors data, outflows from GBTC have now exceeded $16.2 billion since the Bitcoin ETF’s January launch. Since the month of April the daily […]
Coinbase requests interlocutory appeal over SEC’s ‘controlling question’
Cryptocurrency exchange Coinbase has requested a United States court to scrutinize a specific “controlling question” raised by the U.S. Securities and Exchange Commission (SEC) in its ongoing lawsuit against the exchange. “The question presented here is unencumbered by factual disputes and therefore ripe for immediate review,” Coinbase argued in an April 12 filing with the U.S. District […]
Winklevoss twins become co-owners of Bitcoin soccer club, inject $4.5M of BTC
Cameron and Tyler Winklevoss have joined as co-owners of Bitcoin podcaster Peter McCormack’s Real Bedford Football Club (RBFC) after investing $4.5 million worth of Bitcoin to support the club’s plans. The Winklevoss twins executed the investment and acquisition through their investment firm, Winklevoss Capital, according to a recent statement. The funding will be used to establish a […]