Court Dismisses Lawsuit to Hold Binance, Zhao Liable for Terror Attacks
A U.S. federal judge has dismissed a civil lawsuit that sought to hold Binance and its founder, Changpeng Zhao, liable for transactions allegedly linked to terrorist groups behind 64 attacks worldwide.
Newly Launched Database Traces Web of Conflicts at White House
An investigative news outlet on Thursday launched a searchable online database containing nearly 3,200 financial disclosure records for more than 1,500 Trump-appointed federal officials, detailing extensive financial ties between senior members of the administration and the industries they regulate.
SEC Drops Its Case Against Crypto Investor Justin Sun
The U.S. Securities and Exchange Commission (SEC) is dropping its civil-fraud case against crypto billionaire and World Liberty Financial investor Justin Sun.
Future of U.S. Crypto Bill in Doubt as Calendar Becomes ‘Enemy’
Efforts to pass proposed landmark legislation for the U.S. crypto market have stalled to the point that some question whether the measure could still get passed this year, even with White House support.
Will Dubai’s Business-Haven Brand Be a Casualty of War?
Dubai has cultivated an image as the safest haven for global capital in the Middle East, but Iranian strikes on the emirate are putting that image to a test.
Stablecoins Now Commonly Used in Illicit Finance, FATF Warns
The Financial Action Task Force (FATF) said that stablecoins are now commonly used in money laundering, terrorist financing, and proliferation financing schemes, and warned that peer-to-peer transfers via unhosted wallets represent a key vulnerability for the crypto ecosystem.
As Iran’s Crypto Outflows Spike, Its Hacking Groups Go Dark
As the U.S.-Israeli attack on Iran continues, there’s a bit of split-screen in Iranian online activity at the moment. On the one screen, crypto usage has spiked sharply since the launch of the attacks. On the other, most of Iran’s state-sponsored cyber groups are nowhere to be found.
Kyrgyzstan Poised to Challenge EU Over Potential Russia Sanctions
Kyrgyzstan is prepared to take the European Union to court if Brussels imposes sanctions on the Central Asian state over allegations it has helped funnel restricted goods to Russia.
Money Launderers Have Made ‘Dramatic’ Turn to Crypto in Recent Years
Western governments are being urged to tighten controls on cryptocurrency after new research warned that criminals and hostile states have laundered an estimated $350 billion using crypto over the past two decades.
Tether Has Frozen Billions of Dollars in Crypto Linked to Illicit Activity
Stablecoin issuer Tether said it has frozen about $4.2 billion of its USDT tokens over links to “illicit activity,” with most of the freezes occurring in the past three years, as authorities worldwide intensify efforts to curb crypto-related crime.