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“# Brazilian gov’t gets help from US Justice Department to seize $24M in crypto ” According to a Wednesday filing, the U.S. Justice Department seized $24 million in virtual currency pursuant to an official request from the Brazilian government. The Department of Justice, or DoJ, said that the government of Brazil requested its assistance in…
“# Justice Department files antitrust lawsuit against Visa’s acquisition of Plaid ” The United States Department of Justice is filing suit against Visa for its acquisition of Plaid, which the DoJ is arguing is an illegal play to achieve monopoly. According a complaint filed by the DoJ on Thursday: “Visa seeks to buy Plaid — as…
“# Justice Department seizes $1 billion in recently moved Silk Road crypto ” In a filing from Wednesday, the Department of Justice asked to seize $1 billion from an unnamed hacker. Specifically, the DoJ is asking the court of the Northern District of California to lock down on: “Approximately 69,370.22491543 Bitcoin (BTC), Bitcoin Gold (BTG),…
“# Telegram to pay $625K in fees after dropping ‘GRAM’ ticker lawsuit ” Telegram Messenger Inc. has been ordered to pay nearly $625,000 worth of legal fees to a small cryptocurrency firm that it sued over using the ‘GRAM’ crypto-ticker and trademark. In a Nov. 2 ruling, U.S District Judge Charles Breyer granted $618,240 in…
“# Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO ” U.S. federal prosecutors are pushing for a heavy prison sentence to be levied against one of the founders of Centra Tech — the company behind a notorious initial coin offering (ICO) in 2017 that was promoted by professional boxer Floyd Mayweather and musician DJ…
“# Investors fight to keep Bancor securities case out of Israeli court ” Lawyers representing investors in a class action against BProtocol Foundation, parent company of decentralized liquidity network Bancor, have asked for the case to be tried in the United States rather than Israel. According to court records filed Nov. 2 in the U.S….
“# Blockchain can be a cryptographic tool for nuclear disarmament: study ” Researchers at the Centre for Science and Security Studies at King’s College London have turned to analyzing “non-political” solutions for the problem of nuclear disarmament. The researchers’ new report notes that the multilateral nuclear order consolidated around the United Nations’ Non-Proliferation-Treaty, or NPT,…
“# Declaring a crackdown? What to make of the DoJ crypto framework release ” The United States Attorney General’s Cyber-Digital Task Force recently unveiled the result of its months-long effort to evaluate emerging cryptocurrency-related threats and articulate law enforcement strategies for countering them. The resulting guidance leaves the reader with an impression that its authors…
“# Lawyer for OneCoin scammer Ruja “Cryptoqueen” Ignatova disbarred ” In a move on Friday that may help bring some peace to jilted investors, a five-judge panel from New York formally disbarred Mark S. Scott, the former Locke Lord LLP lawyer and attorney for the notorious scammer Ruja “Cryptoqueen” Ignatova, following his November 2019 conviction…
“# Former Google lawyer joins spate of high-profile attorneys entering crypto ” On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal. McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal…