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Tornado Cash developer sentenced to 64 months for money laundering


The Dutch court has pronounced Alexey Pertsev guilty of money laundering, with a sentence of a 64-month-long jail term passed.  It was a three-judge bench that passed the verdict pertaining to the Tornado Cash builder for money laundering, amounting to $2.2 billion in unlawful assets.  There is...

Tether Takes Action: $5.2M in USDT Frozen Due to Phishing Links


Tether is still keeping an eye out for illegal activity taking place on its blockchain. Tether detected and blocked USDT worth $5.2 million on May 14 as part of its efforts to impose stringent network controls and stop money laundering. The post Tether Takes Action: $5.2M in USDT Frozen Due...

CFTC Urges Caution to Job Seekers Amid Rising Money Mule Scams


The Commodity Futures Trading Commission is warning against "money mule" scams targeting remote job seekers. The regulator said people seeking work-from-home opportunities should be on the lookout for these deceptive schemes. The post CFTC Urges Caution to Job Seekers Amid Rising Money Mule Scams...

Report Reveals Chinese Workers Converting Earned CBDC To Cash


Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money. The post Report Reveals Chinese...

GameStop's Meme Stock Explodes Again After YouTuber Roaring Kitty Returns


It’s been three years since GameStop’s stock originally exploded during the pandemic as big-time investors capitalized on an internet feud between deep-pocketed hedge funds and very online Redditors. Now the meme stock is back for round two after Roaring Kitty, AKA Deep Fucking Value, AKA Keith...

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