Pig Butchering scams have notably utilized trading platforms like MetaTrader, which was briefly suspended from the App Store. MetaQuotes has since tightened the requirements for white label providers in order to put an end to FX and Crypto scams via MT4/5.
FormerFeds, a corporate defense and litigation service provider, has filed a lawsuit against the U.S. Department of Justice (DOJ) on behalf of over three and a half thousand Himalaya Exchange customers.
The United States Justice Department unsealed charges related to the 2011 hack of the cryptocurrency exchange Mt. Gox and the operation of the illicit cryptocurrency exchange BTC-e, pointing fingers at Alexey Bilyuchenko and Aleksandr Verner.
Binance, the world’s largest crypto ecosystem, is facing a new probe by the US authorities over its possible involvement in allowing Russians to evade US sanctions through its platform.
“As we allege, Eisenberg engaged in a manipulative and deceptive scheme to artificially inflate the price of the MNGO token, which was purchased and sold as a crypto asset security, in order to borrow and then withdraw nearly all available assets from Mango Markets, which left the platform at a deficit when the security price returned to its pre-manipulation level.”
Eun Young Choi has been a vital piece in some of DoJ’s high-profile enforcement actions, including Silk Road and the Panama Papers.
The United States Marshals Service (USMS), a federal law enforcement agency within the U.S. Department of Justice, will auction $56 million worth of cryptocurrency the authorities seized from Bitcoin pyramid scheme BitConnect.
The head of the NCET remains to be found. The DoJ is seeking an individual with experience with complex criminal investigations and prosecutions, as well as the technology underpinning cryptocurrencies and the blockchain.
Because the district court tethered Matthew Connolly’s sentence to Gavin Black’s sentence, both sentences should be vacated and remanded for reconsideration, the US authorities argue.
Akshay Aiyer, convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the Forex market, deserves a sentence of imprisonment of between 37–46 months, the US authorities argue.
Rohan Ramchandani and Richard Usher should not have kept any documents produced as part of the discovery in the criminal proceedings against them, according to the Department of Justice.
Under the terms of the DPA, Scotiabank has agreed to the imposition of an independent compliance monitor, and will pay over $60.4 million in a criminal monetary penalty, criminal disgorgement, and victim compensation.
The plaintiffs in a Forex benchmark rate fixing case are allowed to serve interrogatories on HSBC concerning communications with the Government related to the deferred prosecution agreement between the Department of Justice and HSBC Holdings PLC.
Completion of the deal is subject to customary closing conditions, including receipt of other regulatory approvals and obtaining the nod of consent from stockholders of both Schwab and TD Ameritrade.
The government has calculated that Jiongsheng (“Jim”) Zhao’s unlawful trading activity resulted in approximately $464,000 in losses to market participants.
The Department of Justice seeks to rebuff an attempt by Akshay Aiyer to secure judgment of acquittal or a new trial.
The United States Government recommends that the Court depart significantly below the advisory sentencing guidelines range, and sentence Navinder Sarao to a term of time served.
The civil case against Michael Nowak and Gregg Smith should be completely stayed while the criminal proceedings are ongoing, the US authorities argue.
The Government argues that the appropriate calculation for both loss and restitution is $137 million, whereas Elbaz argues the amount should be more than 10 times smaller.
