Key Highlights: The U.S. Department of the Treasury targeted 41 corporate entities across jurisdictions including the British Virgin Islands, Hong Kong, Cambodia, Singapore, Mauritius, and Malaysia linked to Prince Group’s illicit operations. Prince Group is accused of amassing billions of dollars through cyber fraud, romance scams, and crypto investment schemes often operated from Southeast Asian ...
Key Highlights: Stablecoin trading volumes remain low, with no significant price changes reported. Legal developments and sanctions linked to illicit activity could affect stablecoin market sentiment, liquidity and adoption. Traders are watching the investigation and possible regulatory responses involving stablecoins and other cryptocurrency networks. Stablecoin Market Remains Quiet Amid Regulatory Uncertainty Stablecoin trading volumes are ...
Justice Department Seizes Xinbi Guarantee Scam Marketplace, Restrains $52 Million in Cryptocurrency The Justice Department’s Scam Center Strike Force, in coordination with the Treasury Department, seized the Chinese-language scam marketplace Xinbi Guarantee and restrained approximately $52 million in cryptocurrency in a single day, U.S. Attorney Jeanine Pirro announced this week. The operation brings the total ...