Category: decrypt.co

Binance Failed to Prevent Suspicious Accounts from Moving $144M After 2023 Plea Deal: Report Details have been leaked of 13 suspicious Binance accounts which moved $144 million since the 2023 settlement, and $1.7 billion since 2021. Simon Chandler Go to decrypt.co

Brooklyn Man Charged in Phishing Scheme That Swiped $16 Million From Coinbase Users A 23-year-old Brooklynite, Ronald Spektor, was charged with stealing $16 million in cryptocurrency from dozens of Coinbase users. André Beganski Go to decrypt.co

‘Bitcoin Senator’ Cynthia Lummis Will Not Run for Reelection Senator Lummis, one of crypto’s most powerful allies in Washington, has been instrumental in fights to pass industry-favored legislation. Sander Lutz Go to decrypt.co

FTX, Alameda Execs Will Be Barred From Wall Street Roles for Up to 10 Years The SEC proposed settlement agreements for key members of FTX co-founder and former CEO Sam Bankman-Fried’s inner circle. André Beganski Go to decrypt.co

ECB Says Digital Euro Is Ready as Decision Shifts to EU Lawmakers With most work finished, the ECB says the digital euro now depends on political approval as discussion continues on sovereignty and privacy. Vince Dioquino Go to decrypt.co

Fed Overhauls Bank Policy, Pulls Back From Prior Crypto-Focused Restrictions The change distances the Fed from policies denounced as Operation Chokepoint 2.0, which state-chartered crypto banks said boxed them out. Vismaya V Go to decrypt.co

India’s Competition Regulator Clears Coinbase’s Minority Stake in CoinDCX India has cleared Coinbase’s minority stake in CoinDCX, paving the way for the U.S. exchange to expand in the local crypto market. Vismaya V Go to decrypt.co

Former Theta Executives Accuse Crypto Firm’s CEO of Fraud, Retaliation Two former Theta Labs executives filed whistleblower lawsuits alleging deceptive token practices and retaliation by the company and its CEO. Vince Dioquino Go to decrypt.co

Bhutan Pledges 10,000 Bitcoin Worth $1B to Fund Mindfulness City The 10,000 BTC will generate yields for GMC’s growth while being held long-term, with Bhutan ruling out selling the reserves. Vismaya V Go to decrypt.co

FTC Compels Nomad Operator to Repay Users After $186M Crypto Bridge Hack in 2022 Regulators said Illusory Systems misled users about security and failed to prevent a 2022 exploit that drained the Nomad cross-chain bridge. Jason Nelson Go to decrypt.co

PayPal Moves to Set Up Utah-Chartered Bank to Bolster Payments and Lending PayPal is seeking a state-chartered bank license as it deepens lending, deposits, and crypto-linked settlement services in the U.S. Vince Dioquino Go to decrypt.co

Elliptic Flags Global Crypto Pivot as Banks, Stablecoins and Asian Hubs Take the Lead Elliptic noted a worldwide pivot toward innovation, highlighting U.S. shifts, stablecoin adoption, and APAC–Middle East regulatory momentum. Vismaya V Go to decrypt.co

Bitcoin Exchange Paxful Agrees to Plead Guilty, Hit With $7.5 Million in Penalties Authorities say Paxful was used by money launderers and other criminals—and that the Bitcoin exchange knew about it. Andrew Hayward Go to decrypt.co

Rep. Keith Self Moves to ‘Fix the Bill’ With CBDC Ban Before Key Hearing The amendment follows Republican outcry over broken commitments to ban central bank digital currencies in the defense bill. Vismaya V Go to decrypt.co

Teachers Union Urges Senate to Scrap Crypto Market Structure Bill The union urged lawmakers to abandon the draft, arguing it would erode securities protections and heighten risks for pension holders. Vince Dioquino Go to decrypt.co

Ninth Defendant Pleads Guilty in $263M Crypto Social-Engineering Scheme Evan Tangeman acknowledged helping launder at least $3.5 million for the SE Enterprise group, along with turning stolen crypto into bulk cash. Vismaya V Go to decrypt.co

Indiana Lawmaker Pushes for Bitcoin in Pensions, Crypto Payment Protections A lawmaker in Indiana introduced legislation that would broaden access to Bitcoin and crypto exposure for savers in the Midwestern state. André Beganski Go to decrypt.co

EU Opens Antitrust Probe Into Meta’s New AI Policy For WhatsApp The EU Commission’s probe excludes Italy, where the country’s competition authority is already pursuing separate proceedings against Meta. Vismaya V Go to decrypt.co

Italy Launches ‘In-Depth’ Review of Crypto Risks Regulators launch probe months after Italy’s central bank warned that crypto’s mainstream integration poses systemic financial dangers. Vismaya V Go to decrypt.co

OpenAI Ordered to Hand Over 20M ChatGPT Logs in NYT Copyright Case A federal judge rejected OpenAI’s bid to limit discovery, directing the company to produce de-identified user logs central to the case. Vince Dioquino Go to decrypt.co

Connecticut Orders Kalshi, Robinhood, and Crypto.com to Halt ‘Unlicensed’ Online Gambling State regulators have issued cease-and-desist letters alleging that the platforms offered illegal sports-event contracts to Connecticut users. Vince Dioquino Go to decrypt.co