Sanctions
BitPay to Pay $500K to Settle OFAC Sanction Violation Charges
BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations.
BitGo to Pay $93K to US Treasury to Settle 183 'Apparent' Sanctions Violations
BitGo failed to stop people in Cuba, Iran and Syria, among other sanctioned places, from using its non-custodial wallet service, the U.S. said.
Ethereum Developer Virgil Griffith Will Likely Face Trial Next September
Ethereum developer Virgil Griffith is likely headed to trial on charges of violating international sanctions, after a Tuesday hearing where a federal judge clarified what's being argued.
Virgil Griffith Still Doesn’t Know What Exact Crimes He Is Accused of, Attorneys Say
Attorneys for Virgil Griffith want the U.S. government to specify the charges he’s facing rather than a broad claim that he violated U.S. sanctions.
Western Union Suspends US Dollar Transfers to Cuba
The move follows the latest sanction from the Trump administration.
Ethereum Dev Virgil Griffith's Attorney Files Motion to Dismiss Charges of Aiding North Korea
The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.
Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining
Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial.
Prosecutors Detail Russians' Crypto Phishing Scheme in Forfeiture Suit
The alleged hackers also manipulated NEO's Gas market with a $5 million crypto infusion.
US Sanctions Two Russians Accused of Using Fraud to Steal Millions in Crypto
The pair is accused of having stolen $16.8 million from customers of three different crypto exchanges, including two in the U.S.
US Treasury Sanctions Russians Using Crypto for Election Interference
The U.S. Treasury Department Office of Foreign Asset Control has added three Russian nationals and a host of cryptocurrency addresses to its sanctions list.