• BitMEX Reed $5 million bail
    The BitMEX cofounders may be out, but their bios are still up on the exchange's website (Photo: BitMEX)
    Cryptocurrencies,  Regulation

    BitMEX’s Samuel Reed released on $5M bail

    The cryptocurrency derivatives exchange’s CTO was one of four executives arrested on Oct. 1, when criminal and civil charges alleging insufficient money laundering protections were unsealed

    October 9, 2020 /

    Under the terms of his bail, Reed had to put up $500,000 in cash. In addition, both he and his wife had to surrender their passports. He can only travel in New York, Massachusetts, and Wisconsin, with parole office approval.

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  • cryptocurrency enforcement framework
    Attorney General William Barr brings the law enforcement hammer down on crypto (Photo: Department of Justice)
    Cryptocurrencies,  Regulation,  United States

    DoJ launches law enforcement guide to crypto

    The Department of Justice’s extensive report, ‘Cryptocurrency: An Enforcement Framework,’ singles out many of the challenges cryptocurrencies bring to law enforcement

    October 8, 2020 /

    U.S. Attorney General William Barr today released an 83-page report detailing the threats and challenges cryptocurrencies pose to law enforcement, and in some ways, it’s a doozy.

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  • Arthur Hayes indicted BitMEX
    BitMEX CEO Arthur Hayes is wanted for violating the Bank Secrecy Act (Photo: Twitter)
    Bitcoin,  Regulation,  United States

    Arthur Hayes out at BitMEX

    With its three co-founders under indictment for money laundering in the U.S., the Seychelles-based cryptocurrency derivatives exchange has dumped its leadership

    October 8, 2020 /

    CEO Arthur Hayes and co-founders Benjamin Delo, and Samuel Reed, as well as head of business development Gregory Dwyer, have stepped down after the U.S. Department of Justice indicted them for violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act. The charges are based on what prosecutors say are deliberately weak and inefficient customer identification procedures.

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  • must reads John McAfee in jail
    John McAfee in a photo he tweeted of himself in a Dominican jail, July, 2019.
    Bitcoin,  People,  Regulation

    McAfee arrested, for real this time

    John McAfee’s days of skating tax evasion charges by living on a yacht ended with his arrest in Spain; the SEC’s also suing him for shilling ICO’s

    October 5, 2020 /

    “Don’t want to pay taxes? Use Monero, use a distributed exchange, live a happy life.” So said crypto enthusiast, privacy coin advocate and semi-presidential candidate John MacAfee in an interview with Modern Consensus in February. It turns out he should have added, keep a low profile. Or at least lower than a tongue-in-cheek presidential campaign.

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