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The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams.In a Nov. 21 announcement, the Justice Department said the seized funds came from “scammers who stole millions from
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Roger Ver took legal action after the company’s derivatives-based arm, bit.com failed to release his $8 million withdrawal request to him in June 2022. Popular crypto businessman Roger Ver has sued Smart Vega Holding Limited, a subsidiary of Matrixport. Although the case has been on since 2022, the report just came
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In an Oct. 16 post from Tether, the stablecoin issuer confirms it has frozen 32 addresses linked to illicit activity in Israel and Ukraine. These addresses are said to hold $873,118 worth of the Tether stablecoin. Crypto transactions are transparent The report also shares that the company is working with the National Bureau for Counter
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The cyber arm of Israel Police's Lahav 433 unit worked with the country’s defense ministry, intelligence agencies and crypto exchange Binance to target the accounts in question, according to the report. It added that any funds seized are destined for the Israeli national treasury. Source
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Crypto exchange Remitano experienced large withdrawals under suspicious circumstances on September 14, with some blockchain analysts concluding that it may have been hacked. A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions. Tether has frozen one address the attacker allegedly used, potentially saving $1.4
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A federal judge has ordered that certain bank accounts and property connected to former Celsius CEO Alex Mashinsky be frozen following a motion from the United States Justice Department.According to a Sept. 5 filing in U.S. District Court for the Southern District of New York, a judge signed off on
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On August 16, New York Judge Jed Rakoff issued an edict forbidding financial institutions from selling assets in a number of Goldman Sachs bank accounts held in the name of the Koala LLC company and a residential property in Austin, TX, the filing said. Source
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Solana-based decentralized futures exchange Cypher Protocol has managed to freeze $600,000 worth of crypto stolen from an Aug. 7 security exploit.In an X (Twitter) post on Aug. 18, Cypher Protocol reported that more than half of the funds stolen have been successfully frozen across centralized exchanges with the help of
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PayPal and Paxos dominated the news cycle on Monday with the announcement of the launch of the PayPal (PYUSD) stablecoin, but concerns
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DeFi’s lego bricks lock together in complicated ways, and the Balancer situation offers another example. It has already gotten the green-light from three other protocols: TempleDAO, which will loan Balancer specialty stablecoins that it needs to conduct the arbitrage; Euler, who patched the smart contract; and Inverse, which wants its
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