Money
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Scams
Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’
Dubai-based Indian memecoin creator, Sahil Arora, called memecoin rug pull schemes the most lucrative opportunity in an interview with the…
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XRP
Ripple Gains Ground: Secures Money Transmitter Licenses In NY And Texas
Blockchain payment company Ripple has announced the acquisition of two additional Money Transmitter Licenses (MTLs) in the United States, one…
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Regulation
JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report
An alleged $92 million money laundering scheme went “right through” three of the largest banks in the US, according to…
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Regulation
DOJ Arrests CFO of Media Outlet Epoch Times for Alleged $67,000,000 Money Laundering Scheme Involving Crypto
The U.S. Attorney’s Office, Southern District of New York (USAO-SDNY), is charging the chief financial officer of The Epoch Times,…
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Regulation
FTX Paid More Than $25,000,000 in Hush Money to Whistleblowers, According to Court Examiner
The bankrupt crypto exchange FTX paid more than $25 million worth of hush money to whistleblowers before collapsing in November…
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Scams
CFTC Warns Public of ‘Money Mule’ Scams Involving Crypto Disguised As Work-From-Home Opportunities
Students and job seekers should be wary of a specific type of crypto scam falsely promising work-from-home opportunities, warns the…
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Regulation
US senators challenge DOJ’s broad definition of crypto money transmitters
Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a…
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Scams
Use of Fake Money Reported Across US After Secret Service Seizes $21,800,000 of Counterfeit Cash in One Year
Reports of people trying to use counterfeit cash are spreading across the US. Headlines on various attempts to pay with…
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Regulation
Taiwan revises money laundering act to include digital assets
Taiwan is bolstering its anti-money laundering regulations through amendments to its Money Laundering Control Act, as the island aligns its…
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Scams
Bank Employee Hijacks Dead Customer’s Account, Drains $105,000 in Morbid Money Scheme: DOJ
A former employee at a commercial bank in the US just pleaded guilty to draining $105,000 from a deceased customer’s…
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