Australian Police Officer Accused of Stealing $4M in Bitcoin from Drug Raid

by Александр Пирогов | Feb 19, 2024 | Blog News

The National Anti-Corruption Commission (NACC) of Australia has leveled accusations against a federal police officer, Detective Sergeant William Wheatley, for allegedly stealing Bitcoin (BTC) worth over $4 million during a drug raid. Reports reveal that a Trezor...

Money Laundering via Cross-Chain Bridges Raises Concerns, how to check it

by Александр Пирогов | Feb 19, 2024 | Blog News

A report from Chainalysis has revealed a significant increase in cybercriminals’ use of cross-chain bridges to launder money, with illicit cryptocurrency transactions surging to $743.8 million in 2023 from $312.2 million in 2022, marking a 138% rise...

VanEck Fined $1.75 Million by SEC Over Undisclosed Influencer Deal for Social Media ETF

by Александр Пирогов | Feb 19, 2024 | Blog News

VanEck has agreed to pay a $1.75 million fine to settle charges brought by the SEC related to its launch of a social media-focused ETF in 2021. The SEC found that VanEck failed to fully disclose the involvement of a prominent social media personality in marketing the...

Class-Action Lawsuit Against Sullivan & Cromwell (S&C) by FTX Creditors

by Александр Пирогов | Feb 19, 2024 | Blog News

A group of FTX creditors, represented by Edwin Garrison, has initiated a class-action lawsuit against the prestigious law firm Sullivan & Cromwell (S&C), alleging that the firm knowingly aided and facilitated FTX’s fraudulent activities. The lawsuit...

JPMorgan Raises Concerns Over OFAC’s Potential Control of Tether

by Александр Пирогов | Feb 16, 2024 | Blog News

JPMorgan released a report suggesting that the Office of Foreign Assets Control (OFAC) could exert control over Tether (USDT) despite it being a non-US entity. The report highlighted Tether’s connection with Tornado Cash, an Ethereum-based privacy enhancement...

Federal Reserve Governor Waller: Stablecoins Tied to Dollar Could Strengthen U.S. Currency

by Александр Пирогов | Feb 16, 2024 | Blog News

Federal Reserve Governor Christopher Waller has expressed a positive outlook on the impact of the crypto industry on the U.S. dollar, stating that stablecoins tied to the dollar are actually enhancing the currency’s global strength. Waller highlighted that the...