NEW YORK — Prosecutors told a federal judge in open court on Friday that they were considering criminally charging certain employees of crypto venture capital firm Dragonfly Capital, including general partner Tom Schmidt, for their 2020 investment into privacy tool Tornado Cash. The discussion between prosecutor Nathan Rehn and District Judge Katherine Polk Failla of the … Read more
Federal authorities have dropped a criminal investigation into Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken. The FBI investigation, which began in 2023, was looking into the non-profit Verge Center for the Arts' allegations that Powell hacked its computer accounts and obstructed access to emails. His home was also searched when the investigation … Read more
The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters. Congo is a major source of tin, tantalum and tungsten, so-called 3T minerals used in computers and mobile phones. But … Read more
Most illegal activity happening on cryptocurrency ledgers now involves the tokens known as stablecoins, according to a report released on Thursday by an intergovernmental body that develops policies to protect the global financial system against money laundering and terrorist financing. The findings in the new report from the Financial Action Task Force land just as … Read more
The CBI on Wednesday said it has arrested a person as part of a crackdown on a cybercrime racket targeting unsuspecting individuals in the USA and Canada by impersonating government officials and tech support executives. The accused, Rahul Arora, was arrested during searches conducted at three locations on Tuesday, a Central Bureau of Investigation (CBI) … Read more