Cryptojus

The US Department of Justice's record bitcoin forfeiture case has returned to the spotlight as authorities intensify efforts against international scam compounds tied to cryptocurrency fraud and organised crime.

Zhu Juntao, the former chief executive of defunct crypto platform Hodlnaut, was charged in Singapore over allegedly misleading statements related to the collapse of TerraUSD in 2022.

The US Department of Justice said federal prosecutors are seeking forfeiture of Bitcoin linked to an alleged synthetic drug trafficking operation involving Binance accounts, blockchain tracing and undercover cryptocurrency payments.

Acting US Attorney General Todd Blanche made the announcement Wednesday in Miami. The charges stem from the downing of two civilian aircraft in 1996. They were operated by a Florida-based exile group called Brothers to the Rescue. Bloomberg's Myles Miller reports.

Federal Reserve Chair Jerome Powell says he'll continue to serve as a governor "for a period of time to be determined" but with a low profile. He speaks in Washington after the FOMC left interest rates unchanged.

Federal Reserve Bank of Kansas City Former President & CEO Thomas Hoenig discusses the Fed possibly taking the 2% inflation target off the table, the challenges facing Kevin Warsh, and previews Wednesday's rate decision. He talks with Romaine Bostick and Katie Greifeld on "The Close."

Former Federal Reserve Governor Betsy Duke discusses the Department of Justice dropping its investigation into Jerome Powell, what a possible Kevin Warsh led Fed could look like, and previews Wednesday's rate decision. She talks with Romaine Bostick and Katie Greifeld on "The Close."

US Representative French Hill, chair of the House Financial Services Committee, discusses the recent decision by the Department of Justice to drop the criminal investigation into the Federal Reserve's building costs. Speaking on Bloomberg Television, Rep. Hill says the criminal probe was a distraction that could have delayed the appointment of a new Federal Reserve chair.

The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump's pick to be the next Fed leader. Bloomberg's Michael McKee breaks the news on "Bloomberg Intelligence."

US Attorney Jeanine Pirro said in a social media post that she plans to drop her controversial investigation into building-renovation cost overruns by the Federal Reserve. Mike McKee reports on "Bloomberg Open Interest."