Three Russian citizens were charged with money laundering for their role in operating Blender.io and Sinbad.io crypto mixing services.
© 2024 TechCrunch. All rights reserved. For personal use only.
At the end of 2024, a US court authorized the Department of Justice to sell 69,370 bitcoins from "the largest cryptocurrency seizure in history."
At bitcoin's current price, just under $92,000, these bitcoins are worth nearly $6.4 billion, and crypto outlets are reporting that DOJ officials have said they're planning to proceed with selling off the assets consistent with the court's order. The DOJ had reportedly argued that bitcoin's price volatility was a pressing reason to push for permission for the sale.
Ars has reached out to the DOJ for comment and will update the story with any new information regarding next steps.
© NurPhoto / Contributor | NurPhoto
Key Takeaways The DOJ has been cleared to sell 69,370 Bitcoin seized from Silk Road, valued at $6.5B. Battle Born Investments contested the sale but couldn’t block it. The decision comes just 2 weeks before the new Trump administration, which […]
The post The US government cleared to sell $6.5 billion in Bitcoin seized from Silk Road first appeared on Tech Startups.
London, United Kingdom, 8th January 2025, Chainwire
The post AIPUMP Rivals VIRTUALS on Solana; KuCoin Announces First AI Token Listing of 2025 first appeared on Tech Startups.
Georgetown, Saint Vincent & The Grenadines, 7th January 2025, Chainwire
The post R0AR NFT Public Sale Live: 2,700 Minted On First Day as DeFi-NFT Narrative Gains Traction first appeared on Tech Startups.
Dubai, United Arab Emirates, 7th January 2025, Chainwire
The post Arcana Network Launches Chain Abstraction SDK to Unify Multi-Chain Experience first appeared on Tech Startups.
Singapore, Singapore, 7th January 2025, Chainwire
The post Travala’s New Bitcoin Incentives Aim to Boost Crypto Adoption & Real-world Utility first appeared on Tech Startups.
San Francisco, California, 7th January 2025, Chainwire
The post To Catalyze AI Infrastructure – Open launches WEBisOpen Point System first appeared on Tech Startups.
Santa Clara, California, 7th January 2025, Chainwire
The post CARV Announces the Launch of CARV SVM Chain Testnet: Empowering AI Agents, Redefining Data Sovereignty first appeared on Tech Startups.
The extradition of Do Kwon, the co-founder of Terraform Labs, to the United States marks a significant milestone in the cryptocurrency industry. For investors, it underscores the importance of identifying the best cryptocurrency to invest in, particularly as the market […]
The post What Kwon’s Extradition Means for Investors first appeared on Tech Startups.
The US government finally got its metaphorical hands on Do Hyeong Kwon, the 33-year-old Korean national who built a financial empire on the cryptocurrency Luna and the "stablecoin" TerraUSD, only to see it all come crashing down in a wipeout that cost investors $40 billion.
As private investors filed lawsuits, and as the governments of South Korea and the United States launched fraud investigations, Do Kwon was nowhere to be found. In 2022, the Korean government filed a "red notice" with Interpol, seeking Kwon's arrest and his return to Korea. A few months later, the Securities and Exchange Commission charged Kwon with fraud in the US.
On September 17, 2022, Kwon famously tweeted, "I am not 'on the run' or anything similar"—but he also wouldn't say where he was. He didn't help his case when he was arrested in March 2023 by the authorities in Montenegro. At an airport. With fake travel documents. On his way to a country with no US extradition agreement.
© Filip Filipovic/Getty Images
Dubai, United Arab Emirates, 3rd January 2025, Chainwire
The post Storage-Focused Xenea Blockchain Opens Ecosystem Partnership Opportunities Ahead of Mainnet Launch first appeared on Tech Startups.
It’s been some time since we last featured KuCoin, one of the best cryptocurrency exchanges known for enabling trades in Bitcoin, Ethereum, and over 700 altcoins. In recent months, the KuCoin team has been quietly working on its new offerings, […]
The post KuCoin launches KuCoin Pay, enabling QR-code crypto point-of-sale payments and revolutionizing retail first appeared on Tech Startups.
Wilmington, USA, 2nd January 2025, Chainwire
The post Silencio Network Breaks Records: $112 Million in Allocation Requests, Surpassing Target by 220x first appeared on Tech Startups.
Dubai, United Arab Emirates, 2nd January 2025, Chainwire
The post Pump AI Challenges Virtuals, Focuses on Solana AI Agents with Meteora first appeared on Tech Startups.
Miami, Florida, 1st January 2025, Chainwire
The post FLOKI DAO Unanimously Votes to Provide Liquidity for Floki ETP Launch first appeared on Tech Startups.
Miami, Florida, 31st December 2024, Chainwire
The post Floki Partners with Kings World Cup Nations to Reach 600+ Million Video Views first appeared on Tech Startups.
San Francisco, California, 31st December 2024, Chainwire
The post Covid RNA Analyzed With Tee on OVM: Open (Incl. RSS3) Supercharges DeSci first appeared on Tech Startups.
Dubai, United Arab Emirates, 31st December 2024, Chainwire
The post SUI DeSci Agents Launches a Platform to Democratize Longevity Amid DeSci Boom first appeared on Tech Startups.
