Bank of Korea Still Wary of Won Stablecoin Despite Circle Meeting
The Bank of Korea remains cautious about a won stablecoin despite meeting with Circle, USDC’s issuer. Discussions with regulators continue as South Korea explores stablecoin policies under new leadership.
DOJ Seizes Record $225M in Largest Crypto Scam, 400+ Victims
The DOJ seized $225M in USDT tied to a global ‘pig butchering’ crypto scam involving 400+ victims. Funds were laundered via OKX exchange, marking the largest crypto seizure in such fraud cases.
Cynthia Lummis: Fast-Track GENIUS Act Crypto Rules Now
Senator Cynthia Lummis urges Congress to pass comprehensive crypto legislation following the GENIUS Act approval, aiming to establish the U.S. as the global crypto capital with clear regulations.
Pavel Durov warns France is experiencing societal collapse
Telegram founder Pavel Durov warns France faces societal collapse due to censorship policies, talent drain, and delayed reforms, citing concerns over free speech and political trajectory.
US DOJ files to seize $225M in crypto tied to pig butchering schemes
The US DOJ seized $225M in crypto tied to pig butchering scams, fraudulent schemes that defrauded over 400 victims. Tether assisted in the investigation. Crypto fraud losses exceeded $5.8B in 2024.
1inch Exploit Victims Asked to KYC for Compensation Under Proposed Plan – “The Defiant”
1inch Foundation proposes a $768K compensation plan for victims of an October 2024 exploit, requiring KYC, police reports, and waivers, but faces unanimous opposition from voters.
Chinese Bitcoin Hardware Titans Hold 95% Market, Shift to US
Chinese Bitcoin hardware giants Bitmain, Canaan, and MicroBT, controlling 95% of the market, are shifting production to the US due to tariffs, raising security and dependency concerns.
US Secret Service Cracks Down: $225M Crypto Seized From Fraud Network – Crypto News Bitcoin News
US authorities seized $225M in cryptocurrency linked to investment scams. The Secret Service and FBI traced funds through a civil forfeiture complaint filed in federal court.
New York authorities freeze $300K linked to crypto scammers
New York authorities froze $300K and recovered $140K linked to a crypto scam targeting Russian speakers via fake Facebook ads. Over 300 victims lost $1M in Brooklyn alone.
All about Thailand’s new crypto policy – 5-year tax break, $30.7M boost & more…
Thailand introduces a 5-year capital gains tax waiver on crypto investments to boost its financial hub status, attracting firms like KuCoin and Tether while enforcing regulatory compliance.
