The U.S. Department of the Treasury has imposed sanctions on an Iranian national, Behrouz Parsarad, for his role in operating Nemesis, a darknet marketplace linked to the trafficking of fentanyl and other illicit drugs. The Department’s Office of Foreign Assets Control (OFAC) announced the enforcement action on March 4, 2025, ...
Iris Ramaya Au, former girlfriend of convicted crypto fraudster Adam Iza—infamously known as “The Godfather”—has agreed to plead guilty to a federal tax charge related to her involvement in his illicit financial schemes. According to a statement released by the U.S. Department of Justice on March 5, Au admitted to ...
A key U.S. House of Representatives committee has proposed a resolution to repeal the controversial “DeFi broker rule,” which would impose new tax reporting requirements on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16 on February 26 to advance the resolution, setting up a potential showdown ...
As the United States moves closer to introducing stablecoin legislation, Circle CEO Jeremy Allaire is urging tighter regulatory oversight, calling for all issuers of dollar-pegged digital assets to be registered within the United States. In an interview with Bloomberg, Allaire voiced concerns about stablecoin issuers operating outside the U.S. while ...
A United States legislator has introduced new legislation to combat fraud at cryptocurrency ATMs across the country. Speaking on the Senate floor on February 25, Senator Dick Durbin highlighted a growing trend of scams exploiting unsuspecting users, particularly senior citizens. He cited the case of a constituent who was tricked ...
U.S. authorities seized $31 million in cryptocurrency-related to the April 2021 hack of Uranium Finance, a defunct DeFi platform. The operation involved the U.S. Attorney’s Office for the Southern District of New York and Homeland Security Investigations in San Diego, as confirmed in a post on X on February 24. ...
Utah is on the verge of making history as the first U.S. state to hold Bitcoin as a reserve asset. The state’s proposed “Blockchain and Digital Innovation Amendments” (HB230) bill successfully passed the Senate Revenue and Taxation Committee on February 20, advancing through a 4-2-1 vote. The bill now moves ...
In a coordinated international effort, the United States, the United Kingdom, and Australia have imposed sanctions on Russia-based hosting provider Zservers and its UK-based affiliate, XHOST Internet Solutions LP, for allegedly facilitating cybercrime. The sanctions, announced on February 11 by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), Australia’s ...
A U.S. judge has ruled that Coinbase must face a class action lawsuit brought by some of its customers in New York over illegally selling unregistered securities. According to a Reuters report, on February 7, U.S. District Judge Paul Engelmayer dismissed Coinbase's argument that it does not qualify as a ...
Federal prosecutors in the United States have charged Andean Medjedovic, a Canadian national and University of Waterloo graduate, with orchestrating attacks on two DeFi protocols that resulted in millions of dollars in losses. The Justice Department indicted Medjedovic on February 3 for wire fraud, computer hacking, attempted extortion, and money ...
