The King of Crypto and the FTX Collapse
- February 15, 2023
- Clayton Rice, K.C.
On December 12, 2022, billionaire Sam Bankman-Fried was arrested at his apartment complex in Nassau, Bahamas, after criminal charges were filed in New York. It was a dramatic fall for the founder and CEO of the FTX cryptocurrency exchange that…
Lazarus Group and the Bybit Hack
- February 28, 2025
- Clayton Rice, K.C.
In one of the largest heists in the history of digital assets North Korean hackers exploited the Bybit cryptocurrency exchange and made off with $1.5 billion in cybercash. The incident occurred when a routine cold wallet to warm wallet transaction…
Canadian Crypto King Pleads Guilty to Money Laundering Violations
- November 30, 2023
- Clayton Rice, K.C.
The founder of crypto giant Binance has pleaded guilty to money laundering violations following an investigation spearheaded by the U.S. Department of Justice, the U.S. Department of the Treasury and the Commodity Futures Trading Commission. Changpeng Zhao, a Canadian national,…
Are the Halcyon Days of Cryptocurrency Over?
- June 15, 2023
- Clayton Rice, K.C.
The United States Securities and Exchange Commission has initiated two enforcement actions in two days against major platforms in the cryptocurrency market environment. The two civil cases are another push by the SEC to flex its muscle over crypto markets…
Russian Cybersecurity Expert Convicted in Hack-to-Trade Conspiracy
- February 28, 2023
- Clayton Rice, K.C.
On February 14, 2023, a federal jury in Boston, Massachusetts, convicted Russian businessman, Vladislav Klyushin, of participating in an elaborate hack-to-trade conspiracy that netted millions through securities trades based on nonpublic information stolen from U.S. computer networks. Mr. Klyushin, whose…