South Korean ‘Coin Gate’ lawmaker cleared of all charges
Former South Korean lawmaker known for the Coin Gate scandal, Kim Nam-guk, has been declared ‘not guilty’ of all charges by court. According to a report from local media News1, a Seoul Southern District Court judge found Kim “not guilty” of all charges on his first trial. Kim was accused of misreporting his assets to […]
Binance investigated in France for tax fraud, other charges
Crypto giant Binance is under investigation in France for the second time, following an initial probe in 2023. French prosecutors have formally opened a judicial investigation into alleged crimes, including drug trafficking, money laundering, and tax evasion at Binance. The probe may also involve additional undisclosed charges, according to a Reuters report published on Tuesday, […]
SEC charges Nova Labs over crypto securities fraud and false partnership claims
The Securities and Exchange Commission has filed charges against Nova Labs for allegedly conducting unregistered securities offerings and making false statements about business partnerships to mislead investors. According to the SEC’s complaint, Nova Labs has been selling unregistered investment contracts since April 2019 through two main products: “Hotspots” — electronic devices that mine three different […]
Gemini agrees to pay $5m to settle CFTC charges
Gemini, the crypto exchange founded by the Winklevoss twins, will pay $5 million in penalties to settle with the Commodity Futures Trading Commission. The company agreed to a “proposed consent order” signed by the CFTC on Monday, according to Bloomberg. As part of the settlement, Gemini will pay a $5 million fine for allegedly providing […]
Do Kwon pleads not guilty in US court to fraud charges
A Manhattan hearing today saw Terraform Labs co-founder, Do Kwon, deny charges tied to the TerraUSD collapse. Do Kwon, the co-founder the co-founder of Terraform Labs, pleaded not guilty to criminal fraud charges in a Manhattan federal court on Thursday after being extradited from Montenegro, according to Reuters. The charges stem from his role in […]
US charges developer in LockBit group, paid in crypto
The U.S. Department of Justice has charged Rostislav Panev, a dual Russian and Israeli national, for his alleged involvement with the LockBit ransomware group. Panev, 51, is accused of working as a developer for the group, earning over $230,000 in cryptocurrency for his contributions. Arrested in Israel in August, Panev is currently awaiting extradition to […]
Celcius founder plead guilty due to fraud charges
Celcius, a global crypto and Bitcoin mining company has faced a fraud case since last year. Now, the founder pleaded guilty and agreed to be jailed for 30 years. Alex Mashinsky, the founder and ex-CEO of Celcius Network, is set to plead guilty to fraud charges, Reuters reported on Dec. 03. The federal prosecutor accused Mashinsky of […]
Roger Ver moves to dismiss US tax evasion charges as ‘unconstitutional’
Roger Ver argued that the IRS’ exit tax for renounced US citizens with over $2 million in assets is unconstitutional and “impermissibly vague.” Source link
Roger Ver Accuses U.S. of Overreach Over Bitcoin Tax Charges
Roger Ver is contesting a U.S. criminal indictment accusing him of evading $240 million in taxes from Bitcoin sales. Roger Ver, who was arrested in Barcelona in April 2024, has now filed a motion to dismiss the indictment. He was indicted on eight counts by the U.S. Attorney for the Central District of California for […]
Tornado Cash co-founder requests dismissal of money laundering charges
In a recent court filing, lawyers representing Roman Storm, the co-founder of Tornado Cash, have filed a motion to dismiss the money laundering charges against him. Source link
