DigitalAssetLaw

SEC Charges 17 Individuals in $300 Million Crypto Asset Ponzi Scheme Targeting the Latino Community

CFTC Issues Customer Advisory on Financial Romance Frauds

TradeStation Crypto Settles with SEC for Unregistered Offer and Sale of Crypto Asset Lending Product February 7, 2024 Introduction The Securities and Exchange Commission (SEC) initiated cease-and-desist proceedings against TradeStation Crypto, Inc., a Florida-based subsidiary of TradeStation Group, Inc., which is in turn a subsidiary of Monex Group, Inc. The proceedings were based on the

United Nations Report Claims Cryptocurrency Exchange Role in Money Laundering

Cross Border Pig Butchering: Connecting China and US Scam Victims January 12, 2024 Paper Review: Connecting Chinese and American Scam Victims Bitrace and ChainArgos have recently authored the paper “Connecting Chinese and American Scam Victims” which primarily addresses the phenomenon of “pig butchering” scams and potential cross border connections. These scams involve luring victims into

Orbit Chain Bridge Reportedly Loses 80 Million in First Hack of 2024

dYdX Issues Post Mortem on Sushi and YFI Incident

CFTC Announces First Judgment in Pig-Butchering Scam December 20, 2023 The U.S. District Court for the Central District of California, in a landmark decision on December 7, issued a default judgment against Cunwen Zhu and his company, Justby International Auctions. Zhu, a California resident, and his company were found liable for fraudulent activities involving digital

INTERPOL Operation HAECHI IV: Interpol’s Major Victory Against International Financial Cybercrime December 19, 2023 In a landmark crackdown against financial cybercrime, INTERPOL Operation HAECHI IV, spearheaded by INTERPOL, has culminated in the arrest of nearly 3,500 suspects and the seizure of around USD 300 million across 34 countries. Running from July to December 2023, this