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Russian Banker States SWIFT ‘Needs to Be Killed’


Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kostin remarked that the actions of the U.S. and...

Congress Passes Funding Bill to Avoid US Government Shutdown


The United States Senate passed a bipartisan bill on Saturday evening, just three hours before the midnight deadline, to prevent a government shutdown.  The bill, which received overwhelming support with a vote of 88 to 9, funds the government for the next 45 days, until November 17.  In a late...

Sam Bankman-Fried Trial: A Colossal Legal Showdown Starts Next Week


A calendar has been set for the upcoming trial of United States v. Bankman-Fried, with jury selection beginning October 3, 2023. The FTX founder, Sam Bankman-Fried, was denied temporary release from prison but will be allowed to use an “air-gapped,” internet-disabled laptop...

US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance


U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...

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