Witnesses will likely suggest giving FinCEN better tools to watch for illicit financing methods.
Bitcoin Drops, DeFi Loans Liquidated, NFTs Sell
Bitcoin tumbled below $50,000, before bouncing back some. But not before some $25 million in DeFi loans were liquidated.
Australian Man Arrested for Trying to Launder $4.3M With Bitcoin
The man was arrested in his car, where police found $1 million in cash, cocaine and electronic devices.
Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.
Alabama Man Charged Over SIM Swap Hacks That Stole $150K in Crypto
Joseph Chase Oaks allegedly used SIM-swap hacks to access victim’s online accounts between August 2018 and October 2019.
Crypto Use in Terrorism ‘a Growing Problem,’ Yellen Says
“I see the promise of these new technologies, but I also see the reality: Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism,” Yellen said.
10 Arrested Over SIM-Swap Hacks That Stole $100M in Crypto From Celebrities: Europol
The alleged international criminal network targeted online influencers, sports stars, musicians and their families in the U.S.
US Lawmakers Ask Justin Sun, DLive How They Moderate Extremist Content
The letter also asks whether DLive identified any crypto donations from foreign entities to the individuals present on Jan. 6.
US Navy Couple Charged With Selling 9,000 Stolen Identities for Bitcoin
Prosecutors allege the pair used their positions in the U.S. Navy to steal and sell personal information of 9,000 people.
US Man Sentenced to Prison for Embezzling $20M of ICO Investors’ Funds
Jerry Guo represented himself to clients as an ICO consultant, then embezzled funds now worth over $20 million.