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The U.S. Treasury Department sanctions a drug dealer who uses cryptocurrency for money laundering
According to Bloomberg, the U.S. Treasury Department announced sanctions against an operator of the Sinaloa drug cartel, accusing him of using cryptocurrency to transfer drug trafficking proceeds back to Mexico. The Treasury's Office of Foreign Assets Control stated that those sanctioned include Arm...
U.S. sanctions against the cryptocurrency money laundering network associated with the Sinaloa drug cartel
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against two money laundering networks associated with the Sinaloa drug cartel, involving more than a dozen individuals and entities. One of the networks is accused of converting cash from the sale of fe...
Three Blockchains Halted in Four Days, Only Chronos Rolled Back
The Surge of 'Buybacks' in the Cryptocurrency Market
Cryptocurrency (digital asset) projects have reportedly invested the largest amount ever in 'buybacks', similar to stock market buybacks, by purchasing their own issued tokens from the market. This trend reflects a growing movement to utilize profits generated by projects to buy back tokens, thereby...
Electricity Theft for Cryptocurrency Mining Becomes a Serious Problem for Southeast Asia
The theft of electricity for cryptocurrency mining is increasingly impacting the energy systems of Southeast Asian countries: illegal farms overload networks, cause damage to energy companies, and create new risks for authorities in terms of control and security. At the end of July, Malaysian police...
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