Browsing:DOJ

Two brothers face charges for a $25 million Ethereum scam for exploiting trading bots
24 hours ago 2 mins read

Two brothers face charges for a $25 million Ethereum scam for exploiting trading bots

US authorities charged two brothers for a sophisticated Ethereum trading bot attack. On Wednesday, the Department of Justice (DOJ) charged Anton and James Peraire-Bueno with wire fraud, conspiracy, and money laundering. They reportedly stole $25 million in bitcoin in seconds using Ethereum. The brothers were detained in New York and Boston on Tuesday and will appear in court. The DOJ reported the April 2023 strike. The brothers targeted Maximum Extractable Value (MEV) bots that front-run Ethereum transactions. MEV is the excess earnings from transaction blocks beyond incentives and fees. The Peraire-Bueno brothers reportedly tricked these bots via a MEV-Boost software

The US DOJ selects FRA to monitor Binance after a $4.3 billion penalty for legal violations
5 days ago 1 min read

The US DOJ selects FRA to monitor Binance after a $4.3 billion penalty for legal violations

After Binance admitted to breaking U.S. anti-money laundering rules and was fined $4.3 billion, the DOJ appointed Forensic Risk Alliance (FRA) to supervise it. FRA beat Sullivan & Cromwell because of FTX’s failure. In the legal and crypto worlds, Sullivan & Cromwell was condemned for failing to discover serious fraud at FTX. FRA closely monitors Binance’s internal activities to comply with U.S. laws. They must report directly to the U.S. government and have full access to the company’s data, facilities, and staff. Sullivan & Cromwell may assist with the Financial Crimes Enforcement Network to monitor Binance’s transaction reporting compliance notwithstanding

The Department of Justice (DOJ) charges three people for stealing over $400 million from FTX exchange
4 months ago 1 min read

The Department of Justice (DOJ) charges three people for stealing over $400 million from FTX exchange

The US Department of Justice (DOJ) has charged three people for orchestrating a SIM-swapping attack, leading to the theft of over $400 million from a company, suspected to be the collapsed FTX exchange. The accused are Robert Powell, Emily Hernandez, and Carter Rohn. They allegedly conducted SIM-swapping scams targeting multiple victims from March 2021 through April 2023. The indictment, filed in the U.S. District Court for the Northern District of Illinois, doesn’t exactly name FTX exchange , but sources cited by Bloomberg indicate that the exchange is referred to as Victim Company-1 in the filing. Furthermore, the 3 individuals are

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus