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In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in the Ethereum community to get their views on the case.
According to the official website of the United States Department of Justice, a complaint from the central region of California was made public yesterday, accusing two Chinese nationals of playing a major role in a money laundering scheme involving cryptocurrency investment fraud.Daren Li, 41 years old, is a dual citizen of China and St. Kitts and Nevis, and is also a resident of China, Cambodia, and the United Arab Emirates. He was arrested on April 12th at Hartsfield-Jackson Atlanta International Airport and later transferred to the central region of California. Yicheng Zhang, 38 years old, is a Chinese national currently residing in Temple City, California. He was arrested yesterday in Los Angeles. Today, they are accused of leading a money laundering scheme related to an international cryptocurrency investment scam, involving at least $73 million. These arrests were made possible thanks to the assistance of our international and US partners, demonstrating the Department of Justice's commitment to continuing to combat the entire cybercrime ecosystem and prevent fraud in various financial markets.
On May 17th, Binance announced that the Financial Crime Compliance department (FCC) of Binance, in collaboration with the Taiwan Department of Justice Investigation Bureau, has successfully cracked a major criminal case involving money laundering of virtual assets, with an involved amount of nearly 200 million New Taiwan dollars. Throughout the entire case, Binance provided support to Taiwan's crime fighters, offering crucial intelligence and assistance, and played a key role in promoting the investigation.
The topic of scaling Bitcoin dates back to its very first mailing post. In response to Satoshi’s original message, James McDonald said, “We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size” — a remark that probably wasn’t the welcome Satoshi had anticipated. Nonetheless, this marked the beginning of a seemingly never ending, complex debate.
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