May 13 Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming military base By Fatima Hussein, Zeke Miller, Associated Press The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. It also forces the removal of certain equipment owned by MineOne Partners Ltd., a firm that is partly owned… Continue reading
Apr 30 Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing money laundering By Gene Johnson, Associated Press A judge on Tuesday credited Zhao for taking responsibility for his wrongdoing. But he said he was troubled by the Binance founder's decision to ignore U.S. banking requirements that would have slowed the company's explosive growth. Continue reading
Mar 28 Watch 5:46 Bankman-Fried sentenced to 25 years in prison for massive FTX fraud By William Brangham, Courtney Norris, Shoshana Dubnow Former cryptocurrency mogul Sam Bankman-Fried was sentenced to 25 years in prison for what prosecutors said was one of the biggest financial crimes in U.S. history. Bankman-Fried was found to have stolen at least $8 billion from FTX customers. William… Continue watching
Mar 28 FTX founder Sam Bankman-Fried sentenced to 25 years in prison By Ken Sweet, Larry Neumeister, Associated Press Bankman-Fried, 32, was convicted in November of fraud and conspiracy — a dramatic fall from a crest of success that included a Super Bowl advertisement and celebrity endorsements from stars like quarterback Tom Brady, basketball star Stephen Curry and comedian… Continue reading
Mar 28 Former crypto mogul Sam Bankman-Fried to be sentenced for defrauding FTX investors By Ken Sweet, Larry Neumeister, Associated Press Bankman-Fried once led companies so successful that they were featured in a Super Bowl advertisement. A jury found that Bankman-Fried illegally used billions of dollars from FTX depositors. Continue reading
Mar 25 WATCH: State Dept. holds briefing after U.S. sanctions Russian entities accused of enabling digital currency sanctions evasion By Fatima Hussein, Associated Press State Department spokesman Matthew Miller said Monday's action “reaffirms the G7 commitment to curtail Russia’s use of the international financial system to further its war against Ukraine. Continue reading
Feb 20 Ransomware group LockBit is disrupted by a global police operation that includes 2 arrests By Jill Lawless, Kelvin Chan, Associated Press Britain's National Crime Agency says it led an international operation targeting LockBit, which provides ransomware as a service to so-called affiliates who infect victim networks with the computer-crippling malware and negotiate ransoms. Continue reading
Jan 22 U.S. sanctions Iraqi airline Fly Baghdad, its CEO and Hamas cryptocurrency financiers By Fatima Hussein, Abby Sewell, Associated Press The sanctions come as Israel's bombing campaign on the Gaza Strip continues and Iranian-backed militias in Iraq launch regular strikes against bases housing U.S. forces in Iraq and Syria. Continue reading
Jan 10 Regulators approve new bitcoin funds in move that could spur more investment in cryptocurrency By Ken Sweet, Associated Press The Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin. But the agency said Wednesday that it is still deeply skeptical about cryptocurrencies and did not approve or endorse bitcoin in its decision. Continue reading
Nov 21 WATCH: Garland and Yellen announce $4 billion settlement with Binance over failures to prevent money laundering By Lindsay Whitehurst, Gene Johnson, Eric Tucker, Associated Press “In part because of the crimes it committed, Binance became the world’s largest cryptocurrency exchange — now, Binance is paying one of the largest corporate penalties in U.S. history,” said Attorney General Merrick B. Garland. Continue reading