The U.S. Treasury froze $344 million in USDT linked to illicit activity, initially suspected to involve Iran's IRGC. However, analysis by NOMINIS CEO Snir Levi found wallet behaviors differing from known IRGC patterns, suggesting a more complex mix involving exchanges and unclear attribution. This case highlights the difficulty in tracking funds and assigning blame within decentralized crypto systems, raising concerns about security and accountability in DeFi. The freeze underscores risks in crypto networks where illicit flows can hide within layered infrastructures, complicating enforcement efforts.
HTX, a crypto exchange owned by Justin Sun, transferred $1.3 billion of its reserve funds to an undisclosed third-party custodian following UK sanctions accusing it of aiding Russian entities. This move likely aims to protect legitimate users from ha...
Velvet (VELVET) surged 99.93% to $1.79, pushing its market cap to $744.21 million, driven by growing interest in blockchain privacy solutions. Other notable gainers include Monero (XMR) up 25.65%, LAB rising 18.45%, and Audiera (BEAT) climbing 16.98%...
