The DOJ has charged 12 people aged 18-21, plus one older defendant, with a cyber racketeering scheme that netted $263 m in cryptocurrency. Prosecutors say the group laundered funds through mixers before converting them to cash for luxury cars, watches, rentals and $500 k nightclub tabs.
The post DOJ Busts Crypto Ring: $263M RICO Scam Fueled Supercars, $500K Parties appeared first on Cryptonews. …
Month: May 2025
Judge Torres Shatters SEC-Ripple Pact, Sparking Crypto Regulation Turmoil
The SEC has hit a setback after Judge Analisa Torres denied its settlement bid with Ripple, saying the request to void an injunction and cut penalties lacked legal grounds. The ruling delays efforts to dismiss appeals and complicates Chair Paul Atkins’ push for clearer crypto rules.
The post Judge Torres Shatters SEC-Ripple Pact, Sparking Crypto Regulation Turmoil appeared first on Cryptonews. …
Eric Trump Token Skyrockets 6,200% – Is a Solana Rug Pull Next
Eric Trump Token has rocketed 6,200% after its May 16 launch on Solana’s Pump.fun, reaching a $140M market cap. Yet blockchain sleuths warn that more than 80% of the supply sits in only 10 wallets, mirroring distribution patterns behind earlier Solana meme-coin rug pulls like WOLF and MELANIA.
The post Eric Trump Token Skyrockets 6,200% – Is a Solana Rug Pull Next appeared first on Cryptonews. …
Tinian Defies Veto, Unveils First U.S. Public USD Stablecoin on eCash Network
Tinian, a Northern Mariana Islands municipality, has overridden a governor veto to issue the Marianas US Dollar, a USD-backed stablecoin on the eCash network. Backed by cash and Treasuries, it is paired with internet casino licenses to widen tourism and revenue.
The post Tinian Defies Veto, Unveils First U.S. Public USD Stablecoin on eCash Network appeared first on Cryptonews. …
Mexico accuses Youtuber MrBeast of exploiting Mayan pyramids filming permit
Authorities say they never allowed Mr Beast to film at their pyramid heritage sites for profit.
Melania Trump statue goes missing in Slovenia
The bronze depiction of the US First Lady is a replacement for a previous wooden version, which was set on fire in 2019.
Dizziness from hunger has become a constant, Gazans tell the BBC
The BBC speaks to people in Gaza during a 10-week blockade on food, medical supplies and other aid.
Moody’s downgrades US credit rating citing rising debt
Moody’s said successive US administrations had failed to reverse ballooning deficits and interest costs.
Five House Republicans stall Trump’s ‘big, beautiful’ tax bill
Lawmakers from the president’s own party joined all Democrats to reject a key domestic bill, demanding deeper budget cuts.
Ukraine and Russia far apart in direct talks, but prisoner swap agreed
The talks lasted just over 90 minutes and there were few signs of any progress on ending the war.