Tether has frozen approximately $4.2 billion worth of its USDT stablecoin over links to illicit activity, the company confirmed. The El Salvador-based issuer said it carried out most of these freezes in the past three years as global enforcement efforts intensified. The stablecoin giant, which now has more than $180
A Chinese-language crypto guarantee service known as Xinbi processed nearly $17.9 billion in on-chain transaction volume despite platform bans and enforcement actions, according to a new report from TRM Labs. The findings show how parts of crypto-enabled laundering infrastructure continue to adapt rather than disappear under regulatory pressure. TRM Labs
Crypto launderers now move away from centralized exchanges and lean on decentralized tools to move funds, as revealed by new research from blockchain analytics firm Chainalysis. This is a result of improved compliance measures on the big trading exchanges, which can identify and freeze malicious transactions more quickly. Current events
A small plan to get back some stolen crypto turned into a brutal 17-day stretch of beatings and threats inside a fancy Manhattan townhouse. Now it’s turning into one of the wildest crime stories NYC has seen in a while, dragging in big crypto names, serious violence, and even a
