US and UK authorities are jointly investigating $20+ billion worth of crypto transfers routed through Russian exchange Garantex, raising questions about the scale and nature of these financial activities.
KikyoA $20 billion USDT transaction through Russia's Garantex exchange has sparked international investigations, possibly breaching sanctions, with US and UK governments scrutinizing the involvement of shadow banking and geopolitical motives.
AlexKenya's crypto industry progresses with regulatory efforts led by the Blockchain Association of Kenya, reflecting the country's significant market and emerging challenges.
Hui XinThe attackers are believed to be the infamous North Korean hacker group Lazarus, as per blockchain security firm Elliptic.
CoindeskBefore moving the stolen funds to Garantex, the hackers used the on-chain trading platform 1inch to exchange the assets for USDT.
cryptopotato
Coinlive QCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month.
OthersBinance USD (BUSD) market cap has been on the rise in the last 30 days. Thanks to Binance’s move to convert deposits of USDC, TUSD, and USDP into BUSD on the exchange.
BeincryptoBlair Halliday will oversee Kraken's commercial, regulatory and political relationships in the U.K.
CoindeskThe sanctions were part of an international effort aimed at “[disrupting the] proliferation of malicious cybercrime services, dangerous drugs and other illegal offerings.”
Cointelegraph