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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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The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency ecosystem. The hearing, ‘Crypto crime in context: breaking down the illicit activity in digital assets,’ will feature prominent crypto entrepreneurs as attendees. According to the Committee’s
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In a recent development, US lawmakers have urged the US Department of Justice (DOJ) to initiate a criminal investigation into cryptocurrency exchange
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"As mainstream finance moves into this space, I think people in Congress are going to see we can't have our head in the sand anymore," Lummis said at the same event on Tuesday, suggesting that some lawmakers will be more comfortable with the representatives of traditional financial firms. "When they
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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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THORSwap, a multichain decentralized exchange (DEX) that runs on the cross-chain liquidity protocol THORchain, is under “maintenance mode” to prevent further illicit movement of funds on the platform. THORSwap entering maintenance mode On Oct. 6, THORSwap said it would temporarily transition into maintenance mode amid concerns of bad actors moving illicit funds
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THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds through the platform.On Oct. 6, THORSwap transitioned into “maintenance mode” as an immediate measure to counter the potential movement of illicit funds. The decision comes after consultation with advisors, legal
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The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major international crime syndicate as part of its list of Specially Designated Nationals.In a Sept. 26 announcement, the U.S. Treasury said it had sanctioned 10 individuals,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korea is getting ready to upgrade its cybersecurity to stop North Korean cyberattacks, especially those involving cryptocurrencies. Local reports indicate that high-ranking government officials view crypto as a crucial facilitator of Pyongyang’s illicit weapons programs, highlighting
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As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures. Original Source
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