The Swedish Police Authority, along with the Financial Intelligence Unit (FIU), has labelled cryptocurrency exchanges as "professional money launderers (PMLs)" following an investigation into services offered by unregulated and illegal operators. The FIU claimed these crypto exchanges are tied...
The Telegram Open Network (TON) blockchain is back online after a six-hour outage at around 10:11 pm UTC on Tuesday, caused by a surge in network traffic, which led to a halt in block production. The TON Foundation has...
Australia’s financial markets watchdog has warned of evolving tactics used by fraudsters leveraging artificial intelligence to deceive and steal cryptocurrencies from unsuspecting victims. In a statement released on August 19, the Australian Securities and Investments Commission (ASIC) disclosed that...
The Attorney General of Iowa, Brenna Bird, has filed an amicus brief asserting that the United States Securities and Exchange Commission (SEC) exceeds its regulatory authority over the cryptocurrency sector. This brief, supported by attorneys general from Arkansas, Indiana,...
Local authorities in Hong Kong have arrested three individuals suspected of defrauding a businessman of HK$3.11 million (approximately US$399,000) worth of cryptocurrencies. According to local reports, the scammers lured the victim by promising to exchange his cryptocurrency holdings for...
Dapper Labs has agreed to a $4 million settlement to end a class-action lawsuit, which, according to CEO Roham Gharegozlou, confirms that NBA Top Shot nonfungible tokens (NFTs) are not securities. The settlement, filed on June 3 in the...
The U.S. Securities and Exchange Commission (SEC) charged popular crypto influencers Brenda Chunga and Xue Lee for their alleged involvement in a digital asset fraud. According to a release published on its official website on Monday, January 29, 2024,...
A Crypto Toad NFT, typically valued at less than $1,000, astonishingly fetched 1,055 ETH, equivalent to $1.6 million, in a transaction that has raised concerns about potential money laundering. This unusual sale took place on the NFT marketplace OpenSea;...
Singapore's Monetary Authority (MAS) has imposed a nine-year ban on Zhu Su and Kyle Davies, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), for their alleged breaches of the country's securities laws. The MAS announced...
Paxos has released a report intended to help the crypto community navigate the crypto winter and understand how to respond to current market conditions. The Paxos Crypto Winter Report 2023 is a 20-page document that identifies key opportunities for...
