Tag: illicit
Crypto Does Not Have an Illicit Finance Problem, Bad Actors Do
While Senators weigh the merits of Adeyemo’s important testimony, they should also weigh the consequences of more than five years of U.S. policy inact [...]
TRM Labs Says Illicit Funds in Crypto Shrank 9% in 2023; Criminals Still Handled $34B
Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even [...]
UN Alleges Major Tether Role in Illicit Activity in East Asia, Stablecoin Issuer Hits Back
The report by the UN Office on Drugs and Crime (UNODC) said that “Online gambling platforms, and especially those that are operating illegally, have e [...]
Report Finds Less Illicit Crypto Activity in Nations With Full Licensing Regimes in 2023: TRM Labs
TRM Labs' analysis was published in a report Monday that reviewed 2023 global crypto policy in 21 jurisdictions which represent 70% of global crypto e [...]
Circle denies claims of illicit financing and ties to Justin Sun
USDC stablecoin issuer Circle has denied claims of illicit financing and ties to Tron founder Justin Sun, according to an open letter accessed from Ci [...]
US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether
The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing fun [...]
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency [...]
Despite U.S. House Gridlock, Senator Gillibrand Bullish on Stablecoin Bill, Illicit Finance Legislation
"As mainstream finance moves into this space, I think people in Congress are going to see we can't have our head in the sand anymore," Lummis said at [...]
THORSwap goes into ‘maintenance mode’ to counter illicit funds movement
THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds [...]
US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major i [...]
Illicit funds draining Nigeria’s revenue, forex reserves, says ICPC chairman – The Sun Nigeria
•Every kobo of Nigeria’s revenue’ll count –Presidency
From Adanna Nnamani, Abuja
Chairman, Independent Corrupt Practices [...]
Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.
As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved a [...]
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go b [...]
DOJ Director Choi Says Regulator Will Crackdown on Illicit Behavior in Crypto Trading: FT
Eun Young Choi, director of the National Cryptocurrency Enforcement Team (NCET), said the DOJ is targeting crypto exchanges that allow "criminal actor [...]
U.S. Treasury Poised to Release View on How DeFi Used in Illicit Finance
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Se [...]