Taiwan-based BitoPro exchange confirms an $11.5 million exploit, highlighting the ongoing security risks in the cryptocurrency industry and the importance of proactive security measures.
Tag: Money Laundering
GENIUS Act: US Senate Poised to Legitimizes Stablecoins for Institutional Adoption
The GENIUS Act, designed to regulate stablecoins in the US, has passed the Senate and is now heading to a debate. It sets clear rules for collateralization and AML compliance, potentially leading to wider institutional adoption of stablecoins. Here’s a breakdown of the bill, its implications, and potential impacts on the crypto market.
Europol Dismantles $23M ‘Mafia Crypto Bank’ Laundering Funds for Criminals
Europol, in collaboration with Spanish and Belgian authorities, has dismantled a ‘mafia crypto bank’ allegedly laundering over $23 million for criminal networks involved in migrant smuggling and drug trafficking. Learn about the arrests, seized assets, and the money laundering methods used.