Proactive sanctions can help spare the ecosystem: Chainalysis exec

As many countries, entities and even individuals face international sanctions, the crypto industry seeks to find its place among increasing regulations.  Digital currencies have often been mentioned as an avenue for those subject to sanctions to divert them, such as in the recent case of Russia. In such instances, exchanges and other industry players need … Read more

Infamous North Korean hacker group identified as suspect for $100M Harmony attack

The Lazarus Group, a well-known North Korean hacking syndicate, has been identified as the primary suspect in the recent attack that saw $100 million stolen from the Harmony protocol.  According to a new report published today by blockchain analysis firm Elliptic, the manner in which Harmony’s Horizon Bridge was hacked and the way stolen digital … Read more

Crypto market crash wipes out millions from North Korea’s stolen crypto funds

North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio. The crypto market rundown that started in May wiped out hundreds of billions of … Read more

US agencies warn against the influx of North Koreans in IT and crypto jobs online

The United States Department of Justice, State and the Treasury issued a joint advisery warning against the influx of North Korean workers in various freelance tech jobs, especially in the crypto industry The public advisory was released on Friday, highlighting the critical red flags and identifiers for private firms to avoid hiring North Korean workers. … Read more

US Treasury Sanctions First Crypto Mixer – Regulation Bitcoin News

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury Department. Treasury Department Sanctions Crypto Mixer The … Read more

‘They didn’t see it coming:’ Podcaster Joe Rogan sees Bitcoin as a viable form of currency

Popular podcaster Joe Rogan just gets Bitcoin (BTC). In his most recent podcast with Khalil Rountree, a renowned mixed martial (MMA) fighter, Rogan explained that BTC is something that the “government didn’t see coming.” “I think of Bitcoin the same way I think of the early internet. They [the government] didn’t see it coming and … Read more