The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether. Source link
On Aug. 15, crypto compliance and research firm Chainalysis released the first part of its 2024 crypto crime report. The firm revealed that aggregate illicit activity on-chain has dropped by 19.6% year-to-date, down…
Key Takeaways Stablecoins surpassed Bitcoin as the preferred currency for illegal cryptocurrency transactions in 2022 and 2023. The increase in illicit stablecoin transactions aligns with their growing overall use, while traditional crimes like…
USDC stablecoin issuer Circle has denied claims of illicit financing and ties to Tron founder Justin Sun, according to an open letter accessed from Circle’s blog on Nov. 30. A non-profit watchdog group…