Posts Tagged ‘investigation’

Cryptocurrency Exchanges Have Been Used to Launder $88 Million Since 2016: WSJ

Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $88 million over the past two years, a Wall Street Journal report alleges. The Journal’s investigation traced funds from over 2,500 wallets that courts flagged for their involvement in criminal activities. The paper partnered with London-based blockchain forensic company Elliptic to trace funds […]

Swiss Regulator FINMA Launches Investigation into $100 Million ICO

The Swiss Financial Market Supervisory Authority (FINMA) has opened an inquiry into the operations of Envion AG, a blockchain startup that raised more than $100 million through an ICO. FINMA said that it believes that Envion’s EVN token sale may have violated banking laws by accepting public deposits worth approximately 100 million francs (~$101 million) from […]

Report: DOJ Investigating Bitcoin Price Manipulation

The Justice Department is opening a criminal investigation, along with the Commodity Futures and Trading Commission, into people who may be manipulating cryptocurrencies like Bitcoin and Ether.  Investigators are in the early stages of examining illegal practices that unscrupulous traders have also been known to use in futures and equities markets. For example, the DOJ is […]

Simply setting up an ICO website? Prepare to respond to US authorities’ questions!

SEC has received judicial assistance to compel PlexCoin’s Canadian assistant Yan Ouellet to co-operate in their investigation. According to the SEC, Ouellet has assisted the firm in setting up and/or running PlexCorps’ and PlexCoin’s websites; keeping track of the individuals who accessed the websites, including the identity of regulators and law enforcement agencies; and opening accounts […]

The Brazen Fraud Case That May Help Determine The Future Of ICOs

Maksim Zaslavskiy’s token sale lured scores of investors by boasting about real estate and diamonds. Now he’s fighting securities fraud charges in one of the first sets of ICO cases pursued in the US. Authorities claim Zaslavskiy scammed investors through two ICOs — REcoin and DRCWorld, that promised profits off diamonds. Participants used both credit cards […]