White House to speak with law enforcement groups to push Crypto’s Clarity Act
Officials from the White House are said to be sitting down with law enforcement representatives who have objected to illicit-finance portions of the bill.
Crime
Microsoft found malware that hijacks crypto wallets and spreads through USB sticks
The software intercepts shortcut files and directs them to install a worm that harvests private keys from the Windows clipboard and inserts its own destination wallet addresses when it detects a transfer.
Americans’ losses to crypto scams rose to over $11 billion last year, FBI reports
Fraud schemes grew more sophisticated and targeted larger sums than in 2024.
Maryland man charged in $50 million Uranium Finance hack after U.S. seized $31 million in crypto
Prosecutors say Jonathan Spalletta exploited smart contract bugs twice in April 2021, laundering funds through Tornado Cash and spending proceeds on rare collectibles.
KuCoin operator barred from U.S. after CFTC order, following $297 Million DOJ case
KuCoin operator Peken Global Limited cannot cater to U.S. users on its platform unless it registers as a foreign board of trade.
Most Illicit On-Chain Activity Now Involves Stablecoins: FATF
Mass adoption of stablecoins will amplify illicit finance risks, particularly when it is handled unevenly across difference jurisdictions, the FATF said
Amalgam Founder Charged With Running ‘Sham Blockchain’, Taking $1M From Investors
Jeremy Jordan-Jones lied to investors about Amalgam’s purported partnerships with sports teams including the Golden State Warriors, according to prosecutors.
Cambodian Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
1 in 5 Cross-Chain Crypto Investigations Involve More Than 10 Blockchains, Elliptic Finds
Hopping from chain to chain is a common obfuscation tactic for criminals trying to cover their tracks, Elliptic CTO Jackson Hull said.
Abracadabra Drained of $13M in Exploit Targeting Cauldrons Tied to GMX Liquidity Tokens
The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.