Politics & Law

With the potential to guarantee mutual trust and a verifiable route to justice, blockchain technology is a powerful tool to fix the parity within politics and law. This space will cover the technology fighting against them.

Law & justice - Major Darknet Marketplace Wall Street Market Shuttered by Law Enforcement
Major Darknet Marketplace Wall Street Market Shuttered by Law Enforcement

Wall Street Market, the second-largest darknet in the world in recent months, has been shut down by international law enforcement agencies, including Europol as well as U.S., German, Dutch and Romanian law enforcement.

Law & justice - Indictments Issued for Two Individuals for Running “Shadow Banking” Operation
Indictments Issued for Two Individuals for Running “Shadow Banking” Operation

U.S. Attorney’s office for the Southern District of New York has charged two individuals of providing “shadow banking” services for crypto exchanges.

Law & justice - “Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General
“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General

Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.

Law & justice - Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means
Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) has opened a legal probe into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). But what exactly does this mean for the duo and for the Bitcoin industry at large?

Law & justice - 21-Year-Old SIM-Swapping Mastermind Is Jailed for 10 Years
21-Year-Old SIM-Swapping Mastermind Is Jailed for 10 Years

A 21-year-old student who was accused of stealing over $7.5 million in digital assets via a SIM swapping operation has been sentenced to 10 years in prison.

Law & justice - Mueller Report: Russia Used Bitcoin to Fund DNC Hacks
Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

A two-year investigation into whether or not the Trump campaign colluded with Russia has found that an intelligence branch of the Russian government used bitcoin to fund cyberwarfare efforts and traced this bitcoin to a U.K. exchange.

Law & justice - Winklevoss Twins Reach Settlement With Charlie Shrem
Winklevoss Twins Reach Settlement With Charlie Shrem

The Winklevoss twins have reached a settlement with Charlie Shrem over a lawsuit alleging that Shrem stole 5,000 bitcoin from the pair in 2012.

Law & justice - Craig Wright Threatens Libel Suit In Letter to Bitcoiner
Craig Wright Threatens Libel Suit In Letter to Bitcoiner, Demands Apology

In a series of legal letters shared with Bitcoin Magazine, SCA ONTIER LLP., writing on behalf of Wright, demands that Hodlonaut retract his statements and apologize, or else their client will sue him for libel.

Law & justice - QuadrigaCX Starts Bankruptcy Proceedings
QuadrigaCX Starts Bankruptcy Proceedings

A court has appointed Ernst & Young as the beleaguered cryptocurrency exchange’s Trustee in Bankruptcy.

Law & justice - In Fourth Report
In Fourth Report, QuadrigaCX Court Monitor Recommends Bankruptcy Proceedings

QuadrigaCX monitor Ernst & Young suspects that the exchange’s late CEO may have been financing personal expenditures with company funds. It is now recommends that assets in his estate be placed under a preservation order.

Law & justice - Karpeles Beats Embezzlement Charges in Mt Gox Ruling
Karpeles Beats Embezzlement Charges in Mt Gox Ruling

The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.

Law & justice - Judge Chooses Representative Counsel for QuadrigaCX Creditors
Judge Chooses Representative Counsel for QuadrigaCX Creditors

Justice Wood has given Miller Thompson and Cox & Palmer, a joint counsel of two firms, the bid to represent claimants who have lost funds to the defunct crypto exchange.

Law & justice - QuadrigaCX CEO Widow Sells Estate Assets
QuadrigaCX CEO Widow Sells Estate Assets, Reportedly Places Others in Trust

Jennifer Robertson has been selling assets of the late Gerald Cotten’s estate, and she’s allegedly shuffled some of these assets into a trust for legal protections.

Law & justice - Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors
Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors

During the session, the Honorable Justice Michael Wood heard testimonies from the four law firms that creditors have turned to for counsel as they seek recovery of funds from the troubled Canadian bitcoin exchange.

Law & justice - QuadrigaCX Sent Deposits Allegedly Linked to CEO’s Widow
QuadrigaCX Sent Deposits Allegedly Linked to CEO’s Widow, Mailed Withdrawals in Cash

Emails suggest that some clients of QuadrigaCX may have received deposits from entities associated with Jennifer Robertson, despite sworn claims that she had nothing to do with the exchange’s operations prior to her husband’s death.

Law & justice - First QuadrigaCX Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet
First QuadrigaCX Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet

The court document states, “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately $468,675 to Quadriga cold wallets which the Company is currently unable to access.”

Law & justice - Hacker Gets 10 Years in First SIM-Swapping Sentencing in the U.S.
Hacker Gets 10 Years in First SIM-Swapping Sentencing in the U.S.

SIM swappers are known to target high-security online domains such as social media accounts, email addresses, bank accounts and cryptocurrency wallets.

Law & justice - Court Grants QuadrigaCX Bankruptcy Protection
Court Grants QuadrigaCX Bankruptcy Protection

On January 31, 2019, the cryptocurrency exchange went offline posting a statement that they had filed for creditor protection.

Law & justice - Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments
Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top cryptocurrency exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time.

- Finland Hands Over Info for 2
Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT).

Law & justice - Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzlement
Prosecutors Seek 10-Year Jail Sentence for Karpeles Over Mt. Gox Embezzlement

Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox.

Law & justice - U.S. District Judge Turns Back SEC Request Regarding ICO
U.S. District Judge Turns Back SEC Request Regarding ICO

This is a concrete example of the court system showing a willingness to treat ICOs as if they are not necessarily tied to securities regulations.

Law & justice - AriseBank CEO Charged in $4 Million Alleged ICO Scam
AriseBank CEO Charged in $4 Million Alleged ICO Scam

Rice is accused of scamming investors out of more than $4 million through a cryptocurrency scam that promised federally insured accounts and brand-name credit cards.

Law & justice - A First: U.S. Treasury Makes Bitcoin Addresses Focal Point in Sanctions
A First: U.S. Treasury Makes Bitcoin Addresses Focal Point in Sanctions

For the first time, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has traced illicit bitcoin activity to the public addresses of two sanctioned individuals.