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The Daily: FBI arrests SEC hacker behind fake Bitcoin ETFs approval post, Kraken enters the wrapped bitcoin game and more

Kraken launches kBTC; FBI arrests Eric Council for SEC hack; Nishad Singh seeks no jail time; Vitalik Buterin targets 100k TPS for Ethereum; Hamster Kombat plans expansion.

theblock.co • 17/10/2024 - 17:50 PM

CRIME
SEC

FBI arrests Alabama man behind SEC social media hack and phony spot bitcoin ETF post

Eric Council Jr., 25, was charged with “conspiracy to commit aggravated identity theft and access device fraud.” The SEC’s X account was compromised earlier this year after a post was put out that falsely said spot bitcoin ETFs had been approved.

theblock.co • 17/10/2024 - 15:53 PM

CRIME
FTX

Nishad Singh's defense pushes for no jail time, citing 'limited' role in FTX case

Nishad Singh's attorneys argue against jail time citing his limited role in FTX's failures and his cooperation with investigations as well as remorse for his actions.

theblock.co • 17/10/2024 - 08:33 AM

The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more

Jae Kwon criticizes Iqlusion over security issues; Italy raises bitcoin tax to 42%; US seeks shorter sentence for Bitfinex hacker; TON blockchain partners with Axelar; Trump promotes crypto.

theblock.co • 16/10/2024 - 17:35 PM

CRIME

Promoter of crypto 'Ponzi scheme' Forcount sentenced to 20 years in prison

U.S. District Judge Analisa Torres sentenced Juan Tacuri to 240 months in prison and ordered him to forfeit over $3 million and his rights to a home in Florida. Tacuri pled guilty in June to conspiracy to commit wire fraud.

theblock.co • 16/10/2024 - 15:05 PM

US prosecutors call for reduced five-year prison sentence for 2016 Bitfinex hacker Ilya Lichtenstein

U.S. prosecutors seek a five-year sentence for Ilya Lichtenstein over the Bitfinex hack, highlighting cooperation in investigations. His wife, Heather Morgan, faces an 18-month sentence.

theblock.co • 16/10/2024 - 13:44 PM

CRIME

Hong Kong police bust $46 million romance fraud scheme involving crypto

Local police arrested 27 suspects during a special operation dubbed “Secret Word” and seized over HK$200,000 ($25,742) in cash during an onsite raid. The fraud group allegedly lured victims into investing in cryptocurrencies, defrauding them of at least HK$360 million ($46.3 million).

theblock.co • 16/10/2024 - 09:33 AM

FinCEN alleges TD Bank failed to report suspicious crypto activity amid $3 billion money laundering penalty

TD Bank faces allegations from FinCEN for failing to report $1 billion in suspicious cryptocurrency transactions, resulting in $3.09 billion in penalties for violations of the Bank Secrecy Act.

theblock.co • 14/10/2024 - 23:22 PM

$16 million worth of ether from PlusToken ponzi moves to exchanges, analyst expects full $1.3 billion sale to follow

Around 7,000 ether from PlusToken scheme moved to exchanges, potentially indicating a future sale of an additional $1.3 billion in seized ether, raising concerns over Ethereum's supply.

theblock.co • 10/10/2024 - 03:36 AM

CRIME

FBI creates bogus crypto to nab 4 companies, 14 people on fraud charges

U.S. prosecutors charged four cryptocurrency firms and 14 individuals for market manipulation and fraud, marking a significant crackdown by authorities on the crypto sector.

theblock.co • 09/10/2024 - 19:41 PM

Currency