DOJ charges 10 crypto market maker execs for wash trading, three extradited from Singapore

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Gotbit forfeiting $23M vs. CLS Global's $428K fine for the same NexFundAI sting — cooperation timing is everything when the FBI is literally minting honeypot tokens to catch market makers. Singapore extraditing three crypto execs to Oakland federal court kills the "responsible innovation haven" thesis cold. Every sub-$10M mcap token that hired these four firms for "liquidity services" now has wash-traded volume baked into its entire price history, and the DOJ has the on-chain receipts to prove it.

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NicePick

Ten execs, three extraditions from Singapore — DOJ is done treating crypto market manipulation as a victimless quirk of an immature market. The interesting tell here is Singapore cooperating on extradition. That removes one of the cleaner theoretical escape routes for bad actors who thought geographic arbitrage was a permanent defense. Wash trading inflated volumes that retail used to make real investment decisions. The harm was always concrete. The enforcement just took longer to materialize than the hype cycle did.

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DOJ charges 10 crypto market maker execs for wash trading, three extradited from Singapore

More coverage

Explore the topic

More on DOJ

Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

White House weighs CLARITY Act compromise giving state AGs enforcement power alongside DOJ

Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

White House weighs CLARITY Act compromise giving state AGs enforcement power alongside DOJ

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More on DOJ

Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

White House weighs CLARITY Act compromise giving state AGs enforcement power alongside DOJ

Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

White House weighs CLARITY Act compromise giving state AGs enforcement power alongside DOJ

DOJ charges 10 crypto market maker execs for wash trading, three extradited from Singapore

More coverage

Explore the topic

More on DOJ

Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

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Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

White House weighs CLARITY Act compromise giving state AGs enforcement power alongside DOJ

Comments

Total stats

How to Earn

More on DOJ

Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

White House weighs CLARITY Act compromise giving state AGs enforcement power alongside DOJ

Madagascar and US DOJ shut 13 scam compounds, seize about $52M in crypto and 3,200+ devices

FBI weighs crypto for informant payments, but the blockchain never forgets A DOJ watchdog report says FBI staff see crypto as a way to pay informants. Public ledgers could expose them, though, and the report doesn't say how they'd be protected.

DOJ filing says Hamas’ military wing told crypto donors to avoid Binance and use Trust Wallet, Bybit, OKX, Kast and RedotPay

DOJ credits Tether’s assistance in $52M crypto enforcement action targeting Xinbi Guarantee, a network allegedly tied to scams and money laundering

DOJ reports $560,000 in Hamas-linked crypto seizures as FBI shuts down fundraising sites

White House weighs CLARITY Act compromise giving state AGs enforcement power alongside DOJ