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.
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Category: Cryptocurrencies
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.
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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.
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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.
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Bitstamp Secures EU CASP License Under MiCA, Approved by Luxembourg Regulator
Luxembourg’s financial watchdog has granted Bitstamp its CASP license under the EU’s landmark crypto law MiCA, authorizing the exchange to offer trading, custody, and order execution services across the European Economic Area.
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Bitcoin Price Prediction: Can BTC Reach $120k As JP Morgan Turns Bullish, Says BTC Is Better Than Gold?
Bitcoin holds above $103K as JPMorgan turns bullish, saying BTC could outperform gold. Can institutional flows drive BTC to $120K this year?
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90% of Institutions Now Using or Exploring Stablecoins, Fireblocks Finds
A growing number of financial institutions are turning to stablecoins, with 90% either actively using or preparing to integrate them into their operations.
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Ending Sandwich Attacks on BNB Chain: Shutter Network Proposes Encrypted Mempool Solution
Open-source protocol Shutter Network has proposed implementing a threshold-encrypted mempool on BNB Chain to eliminate Maximal Extractable Value (MEV) activity, such as front-running and sandwich attacks, and add a layer of real-time censorship resistance.
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AUSTRAC Slaps Cointree with $48K Fine for Late SMRs – Who’s Next?
AUSTRAC has fined Melbourne-based crypto exchange Cointree A$75,120 for submitting suspicious matter reports late, saying the delay has hindered investigators tracing criminal funds. The case reflects Australia’s drive to shutter inactive exchanges and reinforce anti-money-laundering controls.
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FTX to Deliver Up to 120% Creditor Payout in May 30 Second Distribution Wave
FTX has announced that distributions under its Chapter 11 plan will resume on May 30 2025. Eligible creditors in several claim classes who have completed KYC, tax submissions and onboarding with BitGo or Kraken have been set to receive cash payouts of 54-120 % within three business days.
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