3 weeks ago
5
Bloomberg Law reported that the Washington office of the Deputy Attorney General ordered the US Attorney’s Office in New Jersey to dismiss the case with prejudice, a designation that permanently bars prosecutors from refiling the charges. A court filing shows the defense reached an agreement in principle to resolve the pending wire fraud and unregistered securities counts, with authorities preserving only civil avenues to recover money for victims.
Key Takeaways
- BitClub Network raised $722 million between 2014 and 2019 by selling shares in Bitcoin mining pools with fabricated output figures.
- The dismissal with prejudice permanently ends a 2019 indictment; three co-defendants have already pleaded guilty.
- The move follows the April 2025 Justice Department directive abandoning “regulation by prosecution” of digital assets.
- TRM Labs recorded 207 crypto hacks in H1 2026, the highest six-month total on record, wit...
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