\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT

Legal

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT