U.S. DOJ Cracks Down on Samourai Wallet for Alleged Money Laundering
Samourai Wallet developers released a beta version in 2024 allowing atomic swaps of bitcoin/monero. This new feature streamlined secure swaps between BTC and XMR using the Tor network. This release came amidst government scrutiny of privacy coins and exchanges delisting them. In October, FinCEN proposed new rules for crypto-mixing services.
Read More...Vitalik Buterin Slams ZKasino “Scammers” for Wrongful Use of Zero Knowledge Proofs
Ethereum co-founder Vitalik Buterin has recently criticized ZKasino, a blockchain-based gambling platform, for what he describes as the fraudulent misuse of zero-knowledge (ZK) proofs.
Read More...Binance’s Big Blunder: A Simple Mistake with Huge Consequences
Binance co-founder Changpeng Zhao, or CZ, faces the possibility of a three-year prison sentence following charges related to Binance’s compliance controls. In a letter to U.S. Judge Richard A. Jones, CZ expressed regret and took responsibility for the lapses. His admission of failure to establish compliance controls at Binance underscores the seriousness of the situation.
Read More...Upbit Takes A Spot In Top Five Crypto Exchanges Challenging Binance, Coinbase
Asia cryptocurrency markets are seeing a strong revival once again as the South Korean crypto exchange Upbit now occupies a spot along the top five global exchanges. Recent market reports suggest that the Korean Won has displaced the USD as the most-used fiat currency for swapping in and out of BTC and other digital assets.
Read More...Samourai Wallet Faces $2 Billion Illegal Transactions Allegation; Experts React
US officials announced that they had arrested two key individuals, Keonne Rodriguez, and William Lonergan Hill, and charged them with significant financial crimes. These charges include money laundering and operating an unlicensed money-transmitting business.
Read More...Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet Arrests
Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related to money laundering and operating without a license.
Read More...Upbit Trading Volume Soars, Occupying 80% Of The South Korean Crypto Market
Upbit trading volume dominates South Korea’s crypto market, comprising over 80%.
Read More...Nigerian Crackdown Fake News? CBN Denies Crypto Accounts Freezing Circular
Recent reports informed of an alleged circular released by the Central Bank of Nigeria (CBN). The document warned financial institutions that engaging with cryptocurrencies and facilitating operations for crypto exchanges was prohibited.
Read More...FTX Co-Founder Sam Bankman-Fried’s Civil Liability Released In Settlement With Investors
According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried. In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX.
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