Over the past year, several prominent and prominent personalities with codes have been arrested and detained. From the imprisonment of antivirus pioneer John McAfee to the indictment of the management of one of the world’s largest exchanges, 2020 has not affected the reputation of cryptocurrency as a source of attraction for criminals.

Forensic blockchain company CipherTrace estimated losses from theft, piracy and fraud at $ 1.8 billion in the first 10 months of 2020, in part due to the increase in the number of different DeFi platforms.

The report points out that 2020 is on track to record the second highest losses associated with cryptocurrency-related crimes after 2019, when revenues from these crimes exceeded $ 4.5 billion.

Let’s take a closer look at some of the remarkable personalities that appear in court this year.

Arthur Hayes disappeared after accusations from the Ministry of Justice
On October 1, the US Department of Justice opened a criminal case against BitMEX founder Arthur Hayes, as well as three of his accomplices for violating the Banking Secrecy Act. The US Commodity Futures Trading Commission exacerbated their problems and filed civil lawsuits against Hayes and his company for violating anti-money laundering regulations.

Since then, residents of Hong Kong have disappeared publicly and have not yet appeared. But fortunately for Hayes, he may not have to deal with music at any time, as the United States and Hong Kong have suspended extradition agreements in light of the country’s recent political unrest.

The Ministry of Justice said that BitMEX is engaged in a number of suspicious activities and has weak anti-money laundering and KYC policies that can easily be exploited by third parties.

BitMEX is also accused of operating a complex international business structure with offices in top international destinations such as New York and Hong Kong, while claiming to be incorporated and headquartered outside the Seychelles.

Following the news, BitMEX announced Hayes’ resignation as CEO of the company, along with Chief Technology Officer Samuel Reid and Chief Business Development Officer Greg Dwyer.

The mysterious absence of the Star Show was explained.
OKEx stopped trading advanced cryptocurrencies after it stopped withdrawing cryptocurrencies on October 16, effectively preventing customers from withdrawing their cryptocurrency assets.

There were reports that the suspension was linked to the arrest of China Stock Exchange co-founder Mingxing “Star” Xu by local authorities, although the stock exchange denies this.

After being unavailable for over 30 days, Xu was finally featured in the media on WeChat on November 19. He said he helped the relevant authorities investigate the OK group’s “reserve list” in 2017 in which the exchange sought to participate. together with an “unknown third party” to make the offers available to customers worldwide. Xu noted that after fulfilling his previous business obligations, the investigators finally clarified the case and gave it complete clarity.

One month later, on November 27, OKEx finally resumed withdrawing its cryptocurrency.

John McAfee’s trip to Spain ends abruptly
Technical expert John McAfee, a cryptocurrency evangelist and eccentric millionaire, is at the forefront of an encrypted hype that looks like time immemorial now. In 2017, he announced that within 36 months, Bitcoin would either reach $ 1 million or eat the doctor … on national television. He dropped his application earlier this year for the sake of most.

McAfee was arrested in Barcelona by local authorities in October in connection with allegations of US tax evasion. He was also accused of defrauding a number of dubious cryptocurrency projects, on which he allegedly made millions of dollars.

Prosecutors say McAfee has not filed the tax return for four years in a row, even though he has raised millions of dollars through his consulting work, letters, cryptocurrency investments, etc. Various bank accounts and currency exchange accounts with different names of candidates. He is also accused of failing to disclose a number of valuables, including a yacht and property.

This is not the first time McAfee is in trouble with the law. In 2012, his name was associated with the death of his neighbor, Florida businessman Gregory Fall. In 2019, he was ordered to pay $ 25 million in relation to illegal death filed by real estate, but he refused and said:

“I have not responded to any of the 37 lawsuits in the last 11 years.”
If convicted, he faces up to 30 years in prison.

Source: CoinTelegraph

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