FinCEN Ties $12.7B to Crypto Scams Run From Asian Compounds
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FinCEN ties $13B in crypto scams to non-US operations
The agency reported that “transnational criminal organizations” based in compounds in Southeast Asia were largely behind digital asset scams targeting US residents.
ESMA warns growing crypto ties could amplify risks to traditional finance
The EU securities regulator flagged tokenized equities, DeFi exploits and prediction markets as areas where growing crypto ties could pose risks to the broader financial system.
Hashkey joins DTCC working group as first Asian crypto service provider
Hashkey joined the DTCC’s working group on tokenization innovation as the first Asian crypto service provider to join with over 100 financial institutions, including Goldman Sachs and JPMorgan.
UK authorities continue probe into Nigel Farage’s crypto ‘gifts’ after by-election win
The UK lawmaker declared victory following a by-election, triggering a resumption of an investigation from the parliamentary commissioner for standards into his crypto donations.
Metaplanet equity backlash, SE Asia crypto funding doubles: Asia Express
Shareholders of Bitcoin treasury company Metaplanet are seething over equity allocations for insiders, while new figures cement Singapore’s role as the top Asian crypto hub.
Secret Service Freezes $52.8 Million in Crypto Tied to Telegram Bazaar Behind Global Scams
Blockchain sleuths at Elliptic traced the money, Treasury sanctioned the marketplace, and Xinbi—which ran $24 billion through a Telegram scam bazaar—called the freeze unfair.