Cryptocurrency Defense and Investigations

You Can Now Sue for Blockchain in the UK: Here’s What You Should Know

By David Szalyga / July 21, 2022
Posted in

The United Kingdom has recently made a major move for the blockchain industry – in Britain, you can now use blockchain to sue. A U.K. court granted a firm permission last month to serve legal proceedings on an anonymous individual via a non-fungible token (NFT) airdrop sent to the individual’s crypto wallet. This ruling comes after Fabrizio D’Aloia,…

Read More

Latin America May Emerge as a Crypto Hub

By Christopher D. Warren / July 18, 2022
Posted in

As cryptocurrencies began to dominate internationally, countries such as El Salvador and most recently, Panama are adopting rules to allow for a crypto-inclusive world. These countries are being seen as a front runner for crypto regulations and are inspiring other countries to implement similar regulations. Panama is currently drafting crypto laws that have the potential…

Read More

What to Know About the FSB Implementing Crypto Regulations

By Christopher D. Warren / July 12, 2022
Posted in

The Financial Stability Board (FSB) has announced it will release international cryptocurrency regulations in October. The FSB has announced these upcoming guidelines after the crypto market has faced great turmoil and volatility. Bitcoin has slumped nearly 70% since November of 2021, resulting in an increased demand for a legal, regulatory framework behind crypto. Government regulators…

Read More

Cryptocurrency Regulations Are Making Progress

By Jon-Jorge Aras / June 29, 2022
Posted in

The battle for crypto regulations is making progress, especially after Gary Gensler, SEC Chairman said cryptocurrency should be co-regulated by both the SEC and the CFTC. “Together, the agencies can assure market integrity,” stated Gensler. Gensler proposed a ‘one rule book’ that protects trading regardless of whether the pairing is a security or a commodity.…

Read More

First Case of Insider Trading Within the NFT Industry

By Christopher D. Warren / June 3, 2022
Posted in

The DOJ has charged Nathaniel Chastain, a former product manager at Ozone Networks, Inc. d/b/a OpenSea (“OpenSea”), a non-fungible token marketplace, with wire fraud and money laundering, in connection with a scheme to commit insider trading involving NFT’s. The defendant used confidential, OpenSeal information regarding which NFT’s were going to be featured on its homepage.  David…

Read More

Man Charged with Fraud for Role in $59 Million Crypto Scheme

By Christopher D. Warren / May 23, 2022
Posted in

A New York man was charged with fraud for his role in scamming investors out of $59 million in a crypto investment scheme. The defendant, Eddy Alexandre used the investors’ money to contribute to his own bank account, and spent their money on personal items such as a $175,000 luxury vehicle. Christopher Warren, Managing Partner…

Read More

What to Know as Crypto and Stablecoin Prices Plummet

By Christopher D. Warren / May 16, 2022
Posted in

Over the last few weeks, stablecoins Terra USD and its sister currency, Luna, have dropped by over 80 percent, leaving investors worried and panicked, especially after crypto surged during the pandemic. Terra USD is an algorithmically designed stablecoin, which means that it coordinates with the US dollar. The USD is experiencing relatively high inflationary pressure…

Read More

SEC Charges Company and its Founders for Cryptomining and Trading Scheme

By Jon-Jorge Aras / May 13, 2022
Posted in

The Securities and Exchange Commission (SEC) has recently announced fraud charges against MCC International Corp. and its founders in connection with the unregistered offerings and fraudulent sales of investment plans to thousands of investors.  The defendants allegedly generated $8.1 million from the sale of these investment plans and $3.2 million in initiation fees. The SEC…

Read More

SEC To Expand Crypto Assets and Cyber Unit

By Christopher D. Warren / May 4, 2022
Posted in

As the crypto financial market evolves and develops, the Securities and Exchange Commission (SEC) is trying to catch up. Yesterday, the SEC announced 20 new positions designated to protect crypto investors from cyber-related threats and is expected to expand to more than 50 as the cryptocurrency market outperforms broad equity indices. As the SEC amps…

Read More