Brazils top prosecutor defends X ban, urges Supreme Court to end disputes
For Brazils Attorney Generals Office, the ban on X does not violate free speech rights in the country.
Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
For Brazils Attorney Generals Office, the ban on X does not violate free speech rights in the country.
Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon.
The most recent seizure of $5 million USDT from pig-butchering scams marks a significant victory in the ongoing fight against cyber fraud, according to Tether.
Pertsevs case is a pivotal moment for the crypto community and advocates of digital privacy.
Questions abound concerning the Bitfinex and Silk Road funds if Trump is re-elected.
Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of his crypto exchange.
BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation.
The scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds.
U.S. officials alleged the individuals engaged in a first-of-its-kind manipulation of the Ethereum blockchain by tampering with its protocols over validating transactions.
If the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office may also be liable to transmitter requirements, they said.
Brazils Superior Court of Justice has decided that cryptocurrency stored on local platforms can be frozen if someone fails to pay what they owe. Judges are now allowed to take these funds to help repay lenders when debts remain unpaid. The Brazilian Superior Court of Justice (STJ) has given courts the right to alert crypto […]
The early crypto investor, often called Bitcoin Jesus, faces extradition to the U.S. after being charged with evading nearly $50 million in taxes.
The arrest of the founders of Samourai Wallet led to widespread concerns in the crypto community that the U.S. government was attempting to crack down on the industry.
The Open Source Justice Foundation is a non-profit charity focused on open source protocols that can alleviate the need for a traditional justice system. Learn more about OSJF's work at opensourcejustice.org.
OPNX has announced the imminent launch of the FatManTerra Justice Token. This move comes in response to the commencement of legal proceedings against FatManTerra by several parties. (Read More)
On July 28, 2023, U.S. president Joe Biden made a trip to Auburn, Maine, where he delivered a speech at Auburn Manufacturing and subsequently attended a private fundraising gathering. Eric Brakey, the Republican senator representing Maine, greeted Biden upon his arrival in Auburn and handed him a note. In the message, he suggested that the [...]
The post Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During President’s Auburn Visit appeared first on Crypto Breaking News.
The US Department of Justice has confiscated $201,000 of cryptocurrency linked to Hamas terrorist financing. This seizure marks a significant milestone in the government’s efforts to crack down on illicit activities using digital assets. The funds were believed to be used to support terrorist activities and were traced back to a known Hamas-affiliated cryptocurrency exchange. [...]
The post US Department of Justice Seizes Hamas Cryptocurrency Meant for Financing Terrorism appeared first on Crypto Breaking News.
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO [...]
The post Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials appeared first on Crypto Breaking News.
The DOJ has dropped political contribution charges against SBF.
Twenty-six-year-old Esteban Cabrera Da Corte, the leader of a Miami crew, has pleaded guilty to defrauding US banks and “a leading cryptocurrency exchange” of over $4 million through fraudulent reversals. US prosecutors on Wednesday said Da Corte deployed false and stolen identities to perpetrate the scheme.
According to Damian Williams, the US Attorney for the Southern District of New York, Da Corte and his co-conspirators in around March 2020 opened various accounts with an unnamed crypto exchange using fake US passports, drivers’ licenses and stolen personally identifying information. These accounts were then linked to bank accounts operated by Da Corte and his crew.
How the Scheme Was Run: DOJ
Furthermore, the Department of Justice (DOJ) in the statement explained that Da Corte and his crew bought cryptocurrencies from the crypto exchange using cash deposited into the bank accounts via Automated Teller Machines (ATMs). However, this purchase of cryptocurrency was immediately transferred to other digital assets wallets outside the exchange and controlled by the crew.
After this process, the prosecutors alleged that Da Corte and his team started to make phone calls to their US bank account providers, falsely claiming that the cryptocurrency transactions were unauthorized. As a result of their claims, the banks reversed the purchases, prosecutors said.
“The operation of this scheme by the Defendants resulted in US banks processing more than $4 million in fraudulent reversals and the Cryptocurrency Exchange losing more than $3.5 million worth of cryptocurrency,” DOJ added.
Man Faces Up to 20 Years in Prison
As a result of Da Corte’s guilty plea to a count of conspiracy to commit wire fraud, he now faces up to 20 years in prison, prosecutors said, adding that the crew leader has agreed to pay approximately $3.6 million in restitution. He has also agreed to forfeit $1.2 million.
“Our Office will continue to work vigorously with our law enforcement partners to protect the integrity of U.S. banks and financial markets to the full extent of the law from those who seek to enrich themselves through fraud and deceit, including those who attempt to shroud themselves in the anonymity of digital transactions,” said Williams.
FMA flags fraudulent broker; new FX pairs on Admirals; read today's news nuggets.
This article was written by Solomon Oladipupo at www.financemagnates.com.World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.