Federal Taskforce Disrupts Largest Darknet Market, Russian National Indicted on Conspiracy Charges
The Justice Department (DOJ) announced last week that a taskforce of federal law enforcement seized Hydra Market—the world’s largest and longest-running darknet exchange.
White House Directs Agencies to Analyze Digital Currency, Avenues to Mitigate Risk
President Biden signed an executive order (EO) Wednesday mandating federal agencies evaluate the risks and benefits of cryptocurrencies and establishing a Central Bank Digital Currency (CBDC).
Largest Cryptocurrency Scheme Prosecuted to Liquidate $56 Million
On November 12, 2021, Federal District Judge Todd W. Robinson granted the Department of Justice (DOJ) and the US Attorney's Office for the Southern District of California's request to liquidate approximately $56 million.
IG Report Finds Serious Issues with Postal Inspectors’ Handling of Cryptocurrency
According to an audit report from the Office of the Inspector General at the United States Postal Service (USPS), cryptocurrency, as used postal inspectors, can be better tracked and accounted for in order to prevent abuse, waste, or fraud. While the audit found the current program to be sufficient, , auditors found over 1,000 cases where the use of cryptocurrency may not have been properly recorded.