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Showing posts with the label doj

CZ told to ‘give up the scamming’ in X spat with Ari Paul

Former Binance CEO Changpeng Zhao has been advised to “enjoy life and give up the scamming” in a heated social media back-and-forth with BlockTower founder Ari Paul. The spat began when Paul responded to an X post by Zhao that challenged The Wall Street Journal’s claim that “As part of Zhao’s plea deal, he agreed to give evidence on (Tron founder Justin) Sun to prosecutors.” In the post, Zhao said, “WSJ (The Wall Street Journal) is really TRYING here. They seem to have forgotten who went to prison and who didn’t. “People who become gov witnesses don’t go to prison. They are protected. “ I heard someone paid WSJ employees to smear me .” However, Paul pointed out, “You (Zhao) didn’t get 25+ years for money laundering and terrorism financing charges and stealing customer assets because DoJ wanted your dirt on everyone else in crypto, and didn’t want you vanishing in Dubai with $60b of customer asse...

US DoJ brings charges in BTC-e exchange case

The U.S. Department of Justice has published an indictment in the case of the Russian-rooted crypto exchange BTC-e. According to the official statement, the main defendant is Belarusian Aliaksandr Klimenka, who managed the collapse of the cryptocurrency exchange from 2011 to July 2017, together with Russian Alexander Vinnik. Klimenka is charged with “conspiracy to launder money” and “running a business providing financial services without a license.” The estimated volume of laundered funds is estimated at $4 billion. Klimenka, as the American justice believes, conducted “extensive business” in the United States without registering the BTC-e exchange as a payment system with the U.S. Department of the Treasury and also bypassed anti-money laundering rules and “know your customer” (KYC) requirements ) provided for by federal law. The BTC-e exchange provided the ability to trade Bitcoin (BTC) anonymously and “developed a customer base that was highly dependent on criminal activit...