US Treasury Cracks Down Drug Lord’s Crypto Money-Laundering Ring Linked To Sinaloa Cartel

The US Treasury announced on Wednesday a fresh round of sanctions targeting the Sinaloa Cartel, citing growing evidence that elements of the organization are using crypto to support fentanyl trafficking and launder drug proceeds.  Crypto To Move Fentanyl Proceeds Treasury noted that the Sinaloa Cartel is among the oldest and most powerful drug trafficking groups […]

Telegram Founder Claims French Officials Sold Crypto Data, Linked To 41 Kidnaps

France has emerged as a focal point in a growing wave of kidnappings that, increasingly, appear tied to crypto assets. According to authorities, there have been 41 cases this year alone, reflecting a sharp escalation of a wider international trend often referred to as “wrench attacks.”  The link between the attacks and crypto exposure has […]

Trading Halted: Another Crypto Exchange Goes Dark After Cyber Attack

A Russian-linked crypto exchange, Grinex, has suspended its services after a major cyber attack that resulted in the theft of roughly 1 billion roubles ($13 million).  Crypto Exchange Grinex Accuses ‘Unfriendly States’ In a statement released on Thursday, the exchange claimed that the attack was carried out by “foreign intelligence services,” claiming that the “digital […]

Big Banks Threaten To Sue OCC Over Crypto Rules, Citing Threats To Financial Stability

The traditional banking sector in the United States is reportedly intensifying its opposition to crypto firms and considering a potential lawsuit against the Office of the Comptroller of the Currency (OCC) over federal licenses granted to these companies.  According to a Monday report by The Guardian, the Bank Policy Institute (BPI) is evaluating its legal […]