Michael A. Mora

[Michael A. Mora @MichaelAdamMora]

NEW: A law firm asked a Maryland federal court on Friday for emergency relief after hackers stole $4 million in cryptocurrency from its escrow wallets in a sophisticated phishing attack.

https://t.co/T3MyxaqI8P

[Michael A. Mora @MichaelAdamMora]

🔗https://t.co/imBHfjiVFS

[Michael A. Mora @MichaelAdamMora]

Breaking: A Miami federal judge dismissed a putative class action accusing @mcuban and the @dallasmavs of promoting a failed crypto platform, ruling Tuesday that the plaintiffs failed to establish personal jurisdiction despite alleging nationwide marketing and Florida-based harm.

[Michael A. Mora @MichaelAdamMora]

“As the law on whether or not cryptocurrencies or exchanges are securities is evolving, this ruling provides celebrity promoters and other marketers working on national platforms some comfort that they can’t be hauled into a jurisdiction where they have not focused any of their business practices in the past, which is what they tried to do here,” Best said.

[Michael A. Mora @MichaelAdamMora]

https://t.co/4vWIbxTSQN

[Michael A. Mora @MichaelAdamMora]

A federal judge in Manhattan on Wednesday sentenced @SamouraiWallet co-founder William Hill to four years in prison for helping run a bitcoin-mixing service that prosecutors say laundered more than $237 million in criminal proceeds.

[Michael A. Mora @MichaelAdamMora]

“This is one of the most noteworthy criminal cases involving money transmitting charges in light of the new policy,” Rimon said. “But there will be fewer of these cases moving forward. The priorities right now are in cross-border, narcotic trafficking, human trafficking and pig butchering fraud scams involving crypto.”

[Michael A. Mora @MichaelAdamMora]

@MattDevittWX

[Michael A. Mora @MichaelAdamMora]

@mlee_walsh @BillyCorben Last I checked, it’s trading under 50 cents.

[Michael A. Mora @MichaelAdamMora]

#LocalBreaking: A Miami state court jury returned a verdict against a subsidiary of MSP Recovery Inc. to pay more than $12 million to John Ruiz's former business partner. https://t.co/Yf31H2ozAF

[Michael A. Mora @MichaelAdamMora]

Read more: https://t.co/7Pci4hB4u3

[Michael A. Mora @MichaelAdamMora]

Do Hyeong Kwon, a co-founder of Singapore-based Terraform Labs Pte. and who developed TerraUSD and Luna currencies, pleaded guilty Tuesday in a Manhattan federal court.

[Michael A. Mora @MichaelAdamMora]

“This guy’s looking at sentencing guidelines that’s going to be through the roof with $40 billion in losses," Bunch observed. "Twelve is a pretty good deal.”

[Michael A. Mora @MichaelAdamMora]

@CoinDesk What are the odds of that

[Michael A. Mora @MichaelAdamMora]

Read more: https://t.co/RI8WCQnDM4

[Michael A. Mora @MichaelAdamMora]

🧵Two men pleaded not guilty on Wednesday to charges that they kidnapped an Italian man and held him in an upscale Manhattan SoHo apartment for over two weeks, with the goal of forcing the cryptocurrency millionaire to reveal his Bitcoin password by dangling him over the staircase, forcing him to smoke crack and further abuses.

[Michael A. Mora @MichaelAdamMora]

“There's a robust set of regulations, laws and rules, and practices that have all developed to ensure that if someone tortures you to steal your credit cards, that you're going to be able to stop that as soon as they stop torturing you,” @renato_mariotti said. “If there aren't the same level of laws, rules and regulations for crypto, it's harder to deter these kidnappings.”