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Treasury Sanctions Crypto Scam Ring Tied to China and Philippines—FBI Seeks Victims
31.5.2025
A sweeping U.S. crackdown has exposed a massive crypto scam network based in the Philippines and linked to China, with Funnull fueling $200 million in fake investment fraud. Treasury Targets China-Backed Philippine Crypto Scam—FBI Wants Victim Info The U.S. Department of the Treasury took decisive...
U.S. Sanctions Funnull for Role in Pig Butchering Scam, Huione-Linked Crypto Wallets
30.5.2025
The wallets received payments directly from Huione Pay, a subsidiary of Huione Group
US sanctions Philippines tech firm accused of aiding crypto scams
30.5.2025
OFAC claims Funnull Technology purchased a code repository used by web developers and altered it to redirect legitimate websites to scam websites
US sanctions Philippines tech firm accused of aiding crypto scams
30.5.2025
OFAC claims Funnull Technology purchased a code repository used by web developers and altered it to redirect legitimate websites to scam websites
US Treasury sanctions Myanmar militia group for alleged crypto scams
5.5.2025
The United States Department of the Treasury has sanctioned a Myanmar militia group known as the Karen National Army (KNA), accusing it of crypto-related scams and other criminal activities. According to a May 5 press release issued by the agency, the Karen National Army has been orchestrating...
US Treasury sanctions Myanmar militia group for alleged crypto scams
5.5.2025
The United States Department of the Treasury has sanctioned a Myanmar militia group known as the Karen National Army (KNA), accusing it of crypto-related scams and other criminal activities. According to a May 5 press release issued by the agency, the Karen National Army has been orchestrating...
U.S. Treasury Sanctions Burmese Militia Group Said to Run 'Pig Butchering' Compounds
5.5.2025
The Karen National Army and its leaders were sanctioned on accusations they perpetuated crimes against U.S. citizens that featured crypto thefts
US Treasury’s OFAC can’t restore Tornado Cash sanctions, judge rules
30.4.2025
The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled.Austin federal court judge Robert Pitman said in an April 28 judgment that OFAC’s sanctions on Tornado...
US Treasury’s OFAC can’t restore Tornado Cash sanctions, judge rules
30.4.2025
The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled.Austin federal court judge Robert Pitman said in an April 28 judgment that OFAC’s sanctions on Tornado...
Yemenis are turning to DeFi as US sanctions target Houthi group
18.4.2025
Yemeni citizens are increasingly using decentralized finance (DeFi) protocols to bank themselves amid US sanctions aimed at the Houthi group, which they have deemed a terrorist organization. In the past, internet infrastructure challenges and low financial literacy among the war-torn...
Former Ethereum Developer Virgil Griffith Leaves Prison, Seeks Pardon
9.4.2025
Griffith pleaded guilty to one count of conspiracy to violate international sanctions after giving a talk at a crypto conference in Pyongyang in 2019
US sanctions 8 crypto wallets tied to Garantex, Houthis
3.4.2025
The US Treasury Department sanctioned eight cryptocurrency wallet addresses linked to Russian crypto exchange Garantex and the Houthis.The United States Office of Foreign Assets Control (OFAC) sanctioned eight crypto addresses that data from blockchain forensic firms Chainalysis and TRM Labs...
EY updates privacy L2 as nixed Tornado Cash sanctions ease fears
3.4.2025
Big Four accounting firm EY, formerly Ernst & Young, has changed its enterprise-focused Ethereum layer-2 blockchain Nightfall to a zero-knowledge rollup design as it says corporate clients are more comfortable with privacy solutions with easing US sanctions.EY said in an April 2 announcement...
Latam Insights Encore: Trump’s Secondary Tariff Strategy Against Venezuela: Killing a Fly With a Nuke
1.4.2025
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the Trump administration’s newfound secondary tariff strategy and its application against Venezuela might inflict lots of collateral damage....
Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement
28.3.2025
The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of foreign currency to inject into the national market...
South Korea Plans Sanctions Against BitMEX, KuCoin, Others: Report
21.3.2025
The Financial Intelligence Unit (FIU) classified a number of exchanges who are not registered as targets for sanctions
US Treasury Removes Sanctions on Tornado Cash
21.3.2025
The U.S. Treasury Department has removed economic sanctions against Tornado Cash, a cryptocurrency mixer, following a review of legal and policy issues related to evolving technology and financial environments. Sanctions on Tornado Cash Lifted Following Policy Review The decision, outlined in...
U.S. Government Removes Tornado Cash Sanctions
21.3.2025
Tornado Cash was sanctioned multiple times over allegations of helping Lazarus Group launder funds
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
14.3.2025
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions
Garantex Operator Aleksej Besciokov Arrested in India: Report
12.3.2025
Besciokov is charged with money laundering conspiracy, conspiracy to violate sanctions and conspiracy to operate an unlicensed money transmitting business