On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
US Authorities Indict a Canadian Telecom Provider in a Crypto Money Laundering Case With Encrypted Phones
A communications provider is in legal trouble with the U.S. authorities for a money laundering case involving cryptocurrencies. A federal court incited Sky Global for allegedly having facilitated criminal organizations to launder millions worth in crypto.
Sky Global Is Also Accused of Remotely Destroying Devices to Avoid Seizing
Per the filings, the Southern District of California stated that the Canadian-based company had been selling encryption devices to allegedly facilitate drug trafficking into Australia, Asia, Europe, and North America.
The court believes Sky Global committed obstruction of justice by “creating, maintaining, and controlling” a system whereby the firm would remotely delete evidence of the illegal activities once authorities arrived to seize the equipment.
Moreover, law enforcement accused the Canada-based telecom provider of using its infrastructure for the following purpose:
To avoid detection of its illicit conduct by, among other things, laundering its illegal proceeds, communicating with encrypted devices, and transferring illegally obtained funds into cryptocurrency, specifically bitcoin.
Sky Global allegedly charged their clients a subscription fee of approximately $1,200 – $1,200 per six-month period.
Also, authorities commented that the firm used bitcoin (BTC) “to facilitate illegal transactions” on the customers’ website “to protect the membership’s anonymity, and to facilitate the laundering of the membership’s ill-gotten gains.”
US Govt Vilifies Anyone Who Is Against ‘Unwarranted Surveillance’, Says CEO
In response to the indictment, Jean-François Eap, CEO of Sky Global, rejected the accusations from the U.S. authorities, and issued the following statement:
To date, the authorities have not informed us of any of the proceedings which have been reported in the media. As I have been following the media reports in the past week, it is with great sadness that I see far-reaching coverage of what can only be described as erosion of the right to privacy.
Eap added that Sky Global “was not created to prevent the police from monitoring criminal organizations; it exists to prevent anyone from monitoring and spying on the global community.”
“The indictment against me personally in the United States is an example of the police, and the government trying to vilify anyone who takes a stance against unwarranted surveillance,” he said.
What do you think about the indictment against Sky Global? Let us know in the comments section below.
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