Storm, who might still face a retrial on the Tornado Cash case, rebuked statements from Lead Bank CEO Jackie Reses, who referred to debanking as a “crock of shit.” He affirmed that the phenomenon was real and that he had experienced it multiple times after having his accounts subpoenaed by the DOJ. Tornado Cash Roman […]
The post DOJ charges Google engineer in Polymarket insider trading case appeared on BitcoinEthereumNews.com.
The DOJ charges Google engineer Michele Spagnuolo in a case that puts prediction markets at the center of a corporate-information scandal. Federal prosecutors say the Google software engineer, known as “AlphaRaccoon” on Polymarket, used confidential company data to place bets and turned that access into more than $1.2 million in alleged profits. At the heart of the case is a simple but explosive claim: prosecutors allege nonpublic Google information was used not to trade stocks, but to wager on event-driven markets. As a result, the case has an unusual edge, tying alleged misuse of insider-style information to the fast-growing world of prediction markets. The U.S. Department of Justice has charged Spagnuolo with commodities fraud, wire fraud, and money laundering. According to the DOJ, the allegations cover a period from October to December 2025, during which he wagered approxim
The post DOJ Charges Google Engineer Over $1.2M Polymarket Insider Trading Scheme appeared on BitcoinEthereumNews.com.
TLDR: Google engineer Michele Spagnuolo allegedly used confidential data to profit $1.2M on Polymarket. Spagnuolo operated under the alias “AlphaRaccoon” and risked approximately $2.75M in total bets. The DOJ charged him with commodities fraud, wire fraud, and money laundering across three counts. Combined maximum sentencing across all three federal charges totals up to fifty years in prison. The U.S. Department of Justice has charged Michele Spagnuolo, a Google software engineer, with commodities fraud, wire fraud, and money laundering. Prosecutors allege he used confidential company data to place bets on Polymarket, a prediction market platform. Operating under the alias “AlphaRaccoon,” Spagnuolo allegedly generated over $1.2 million in profits between October and December 2025, risking approximately $2.75 million in total wagers tied to nonpublic Google information.
The post Roman Storm Accuses the DOJ of Weaponizing Debanking to Sabotage His Legal Defense appeared on BitcoinEthereumNews.com.
Key Takeaways Roman Storm accused the DOJ of using debanking during his trial, highlighting crypto’s market utility. After GoFundMe blocked him, Storm used crypto to sustain his defense after being debanked. Facing a 2nd trial for money laundering, Roman Storm will next rely on crypto donations to survive. Tornado Cash Roman Storm: ‘I’ve been debanked. Multiple times’ Roman Storm, the developer of the Ethereum mixing protocol Tornado Cash, convicted of conspiracy to operate an unlicensed money transmitting business, has accused the Department of Justice (DOJ) of weaponizing debanking in its prosecutorial processes. On social media, Storm rebuked statements by Jackie Reses, co-founder and CEO of Lead Bank, who referred to debanking as an “absolute crock of shit.” “There’s 5,000 banks in the United States. We have a lot of red states. Are you telling me that in
Federal prosecutors are seeking forfeiture of bitcoin tied to a synthetic drug importation case involving Binance records, blockchain tracing, and cooperation with Chinese authorities. Investigators said the seized cryptocurrency was linked to accounts and payments connected to alleged drug shipments routed through Georgia. Bitcoin Seizure Anchors Savannah Drug Forfeiture Case The U.S. Department of Justice […]
The Ethereum Foundation's Kohaku Initiative released an SDK enabling seamless integration of shielded pool protocols like Railgun, Tornado Cash, and Privacy Pools directly into wallet interfaces, with 4337 relaying now operational.
A Kraken and Coinbase user reportedly lost $6.7 million in crypto after a suspected physical attack, while stolen funds moved through Tornado Cash. A cryptocurrency user reportedly lost nearly $6.7 million after a suspected physical attack. According to on-chain investigator Specter, the attackers withdrew money from accounts associated with Kraken and Coinbase. Moreover, the stolen […]
The post Kraken and Coinbase User Reportedly Loses $6.7M in Crypto After Suspected Physical Attack appeared first on Live Bitcoin News.
More cryptocurrency investors were harmed after a guilty plea, with prosecutors saying additional funds were solicited while the fraud case remained pending sentencing. The scheme raised more than $10 million and resulted in a nine-year prison sentence. Ohio Crypto Fraud Scheme Leads to 9-Year Sentence A cryptocurrency investment fraud scheme that raised more than $10 […]
