Alameda Research Sues Waves Founder in $90M Clawback Case

November 14, 2024

Catenaa, Thursday, November 14, 2024-Alameda Research, the trading affiliate of bankrupt cryptocurrency exchange FTX, has filed a lawsuit against Aleksandr Ivanov, the founder of Waves, aiming to recover $90 million in assets deposited with Vires.Finance, a liquidity platform on the Waves blockchain. This action is part of a series of more than 20 lawsuits recently […]

Australia Charges Ex-Mine Digital CEO in $1.46M Fraud Case

November 15, 2024

Catenaa, Friday, November 15, 2024-Australia’s corporate watchdog, the Australian Securities and Investments Commission (ASIC), has charged Grant Colthup, the former CEO of the collapsed cryptocurrency exchange Mine Digital, with fraud in connection to a 2022 transaction worth A$2.2 million ($1.46 million). ASIC alleges that Colthup misappropriated the funds after a customer paid A$2.2 million to […]

Binance Ex-CEO Zhao Gets Four Months Prison for Money Laundering

May 2, 2024

SEATTLE, April 30, 2024- Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, was sentenced to four months in prison, on Tuesday (April 30) after pleading guilty to federal charges of violating anti-money laundering laws. The charges stemmed from a Department of Justice investigation that found Binance failed to implement adequate procedures to prevent money […]

DOJ Shuts Down Bitcoin Fog, Operator Gets 10+ Year Term

November 11, 2024

Catenaa, Monday, November 11, 2024-The US Department of Justice (DOJ) announced Friday the sentencing of Roman Sterlingov, the operator of Bitcoin Fog, the darknet’s longest-running Bitcoin mixing service. Sterlingov, a dual Russian-Swedish national, received a prison term of 12 years and six months for laundering criminal proceeds through the BTC mixing service from 2011 to […]

Elliptic Exposes $7B Crypto Laundering in Latest Findings

October 15, 2023

London, UK, October 10, 2023: The value of illicit crypto laundered through cross-chain criminal activities has surged to a record-breaking $7 billion, according to a newly released report by blockchain analytics and risk management firm Elliptic. The report, titled State of Cross-Chain Crime Report by Elliptic, was released on October 4, 2023. The report found […]

Russia Uncovers Illegal Underground Crypto Farms in Dagestan Amid Energy Theft

September 26, 2024

Moscow, Thursday, September 26, 2024- Authorities in Dagestan, Russia, have uncovered illegal subterranean crypto mining farms stealing power from the national grid, exacerbating the region’s ongoing energy issues. According to TASS and a statement from Dagestan’s Cabinet of Ministers, police and energy officials raided a clandestine mining facility in Makhachkala, the republic’s capital. Seventeen crypto […]