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Tether stablecoin issuer and Tron launch financial crime unit
10.9.2024
Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit
Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report
30.8.2024
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing...
Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds
30.8.2024
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices....
Tether has 'redistributed' $108.8M USDT from illicit activity since 2014
24.8.2024
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether
Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014
24.8.2024
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether
Tether has ‘redistributed’ $108.8M in USDT from illicit activity since 2014
24.8.2024
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether
US regulator fines crypto fund $150K for illicit Bitcoin loan
20.8.2024
It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.
Bill targeting illicit use of crypto passes US House: Law Decoded
29.7.2024
Legislation focuses on preventing illicit cryptocurrency activities while safeguarding consumer choice
Russia-Linked Banknotes Blamed for Libyan Dinar Plunge
26.7.2024
The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars. A report identified the Russian state money printer as a potential source of the banknotes, which the Central Bank of Libya has labelled counterfeit. Russia Linked to Illicit...
Bill targeting illicit use of crypto passes US House
23.7.2024
The Financial Technology Protection Act passed the House of Representatives by voice vote roughly a year after lawmakers sent it out of committee
Bill targeting illicit use of crypto passes US House
23.7.2024
The Financial Technology Protection Act passed the House of Representatives by voice vote roughly a year after lawmakers sent it out of committee
U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
22.7.2024
The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn't likely to become a law as-is
Chainalysis: $100 Billion in Illicit Crypto Funds Traced Since 2019
13.7.2024
Crypto analytics firm Chainalysis has previewed an in-depth report on money laundering within the crypto space, providing insights into tracing illicit funds and advanced identification techniques. The firm discovered that since 2019, nearly $100 billion has been transferred from known illicit...
Nigerian official advocates blockchain, AI against illicit financial flows
29.6.2024
The financial watchdog chair said that these funds could significantly enhance infrastructure, healthcare, and education across the continent if recovered
Illicit Bitcoin mining farm sealed in Paraguay; El Salvador debate on BTC
3.6.2024
The authorities took action against a Bitcoin mining farm that hosted 2,738 Bitcoin miners and five electric transformers, which were confiscated by the authorities. Supervisory and control systems and AI-backed software helped detect these illegal Bitcoin mining farms. According to the report...
Warren prods drug agencies about crypto links to fentanyl trade
31.5.2024
Senators Elizabeth Warren and William Cassidy say crypto has played an “increasingly prominent role” in the fentanyl industry
US Treasury strategy would tighten virtual asset regs, increase use of AI
17.5.2024
Better regulations, greater enforcement and AI are going to be the focus of the Treasury’s fight against illicit finance
U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance
16.5.2024
The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
8.5.2024
The bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers while Treasury writes a report
Nigerian stakeholders demand Binance reveal identity of bribe agent
8.5.2024
SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing