Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets

by Александр Пирогов | Feb 20, 2024 | Blog News

Prime Minister Fumio Kishida’s administration has taken a significant step toward allowing venture capital firms and investment funds to directly hold crypto assets. The proposed amendment to Japan’s Industrial Competitiveness Enhancement Act aims to integrate...

Takedown of LockBit Website: International Law Enforcement Action

by Александр Пирогов | Feb 20, 2024 | Blog News

The website of LockBit, a major crypto ransomware operator, has been taken down in a coordinated effort by international enforcement agencies, including the UK’s National Crime Agency (NCA), the US Federal Bureau of Investigation (FBI), and Europol. The...

Australian Police Officer Accused of Stealing $4M in Bitcoin from Drug Raid

by Александр Пирогов | Feb 19, 2024 | Blog News

The National Anti-Corruption Commission (NACC) of Australia has leveled accusations against a federal police officer, Detective Sergeant William Wheatley, for allegedly stealing Bitcoin (BTC) worth over $4 million during a drug raid. Reports reveal that a Trezor...

Money Laundering via Cross-Chain Bridges Raises Concerns, how to check it

by Александр Пирогов | Feb 19, 2024 | Blog News

A report from Chainalysis has revealed a significant increase in cybercriminals’ use of cross-chain bridges to launder money, with illicit cryptocurrency transactions surging to $743.8 million in 2023 from $312.2 million in 2022, marking a 138% rise...

VanEck Fined $1.75 Million by SEC Over Undisclosed Influencer Deal for Social Media ETF

by Александр Пирогов | Feb 19, 2024 | Blog News

VanEck has agreed to pay a $1.75 million fine to settle charges brought by the SEC related to its launch of a social media-focused ETF in 2021. The SEC found that VanEck failed to fully disclose the involvement of a prominent social media personality in marketing the...

Class-Action Lawsuit Against Sullivan & Cromwell (S&C) by FTX Creditors

by Александр Пирогов | Feb 19, 2024 | Blog News

A group of FTX creditors, represented by Edwin Garrison, has initiated a class-action lawsuit against the prestigious law firm Sullivan & Cromwell (S&C), alleging that the firm knowingly aided and facilitated FTX’s fraudulent activities. The lawsuit...