Tag Archives: social

The United States Department of Justice (DOJ) has sued Larry Dean Harmon, the founder of defunct cryptocurrency mixer Helix, for failing to pay a civil penalty of $60 million since his indictment in 2020.  The lawsuit was filed in the U.S. District Court for the District of Columbia on Wednesday. According to the filing, the $60 million fine was imposed on Harmon after he pled guilty to charges against him in 2020. Helix Laundered Over $300M In December 2019, the Financial...

The Turkish authorities reportedly detected an illicit betting organization that used cryptocurrencies to launder crime funds. Following the investigation, law enforcement agents arrested 46 individuals involved in the scheme and confiscated $40 million worth of digital assets. ‘This Is Just the Beginning’ According to a local coverage, the Turkish police have detained the suspects across various regions in the country, including the capital Ankara, Kayseri, Van, Yozgat, and...

A crypto trader was taken by surprise after hackers reportedly siphoned more than a million dollars worth of digital assets from his FTX account by exploiting an API connected to the trading account.  According to reports, the FTX user discovered that his account using the 3Commas API, has traded the DMM: Governance (DMG) token more than 5,000 times, leading to the loss of about $1.6 million worth of assets, including Bitcoin, Ether, and FTX tokens. FTX and 3Commas Deny...

A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly 76% of the locals remain supportive of their BTC-loving President Nayib Bukele, who has initiated numerous reforms and waged war on domestic drug cartels. Salvadorans not Withdrawing Their Support The small Latin American nation – El Salvador – made the headlines last year by...

Bitcoin’s fight to remain above $19,000 didn’t go all that well yesterday, as the asset fell to a 9-day low of $18,600 before bouncing off. The altcoins also went through similar price movements, but most are slightly in the green on a daily scale, including APE’s notable surge. Bitcoin’s New Local Low Ever since the end of the previous working week, bitcoin had calmed after the storm and stood at around $19,000. It spent most of the weekend there, and Monday was no...

On Oct. 20, Oanda announced cryptocurrency trading services for its American market designed to give investors easy access to crypto alongside their existing forex portfolios. It is the latest traditional finance company to enter the crypto space. However, the move comes in the depths of a bear market when demand is low. The technology has been developed in partnership with the Paxos Trust Foundation, a regulated blockchain infrastructure firm. Crypto trading now available...

Terra creator Do Kwon, who is facing severe scrutiny, recently slammed “misinformation” floating in the media and downplayed serious charges by South Korean authorities as well as Interpol. The famed Terra whistleblower, FatMan, has now weighed in on the controversial figure’s statements made a few days prior on Laura Shin’s Unchained podcast. Kwon said he is sorry, but the anonymous sleuth believes a verbal apology doesn’t do anything. FatMan Weighs In FatMan strongly...

Binance US – the American subsidiary of the world’s largest crypto exchange – appointed the former FBI agent BJ Kang as its first Head of Investigations.  In this role, he will aim to ensure maximum customer protection by “partnering closely” with regulators and law enforcement agents.  ‘The Most Feared Man on Wall Street’ Joins Binance US According to a recent announcement, BJ Kang will use his rich experience to identify illicit criminal activities related to...

South Korean Prosecutors have confirmed that Do Kwon might have fled Singapore as he was believed to be in hiding there. In a text message on Thursday, reported by Bloomberg, they said reports suggesting that Kown flew to Dubai for a possible stopover before escaping to an unknown destination are “not false.” Hunt for Do Kwon  Kwon left South Korea in April, and certain reports suggested he was in Singapore until the arrest warrant was issued against him. His family and key...

The Berlin-based neobank – N26 – established a cryptocurrency service that will enable customers to buy and sell 100 cryptocurrencies. The largest fintech bank in Latin America – Nubank – also hopped on the bandwagon, launching its own cryptocurrency in Brazil. Interestingly, Berkshire Hathaway – the conglomerate holding company spearheaded by the famed investor and crypto critic Warren Buffett – is among the financial backers of the banking institution. Even though the...