The United States government has announced a formal investigation into crypto firm Tether, the developer of the USDT stablecoin. According to a report from the Wall Street Journal, authorities looking at possible violations of anti-money-laundering and sanctions rules by the firm. The company’s CEO, however, says that the investigation is not true. JUST IN: 🇺🇸…
According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering regulations, according to unnamed sources close to the investigation. This criminal probe, reported by the Journal’s Angus Berwick, Vivian Salama, and Ben Foldy is said…
According to blockchain explorer firm Arkham Intelligence, a significant portion of the U.S. government’s allegedly seized crypto has made its way back. Sudden Shift in Seized Crypto Sparks Questions on U.S. Government Wallet Security Yesterday, Arkham Intelligence flagged a $20 million transfer from government-associated addresses. These funds, primarily in stablecoins and ether, were reportedly sent…
Hacks in the cryptocurrency industry are nothing new. In September alone, the market witnessed hacks worth $120 million. Over half of the $120 million in cryptocurrency attacks that occurred in the month were on centralized exchanges BingX and Indodax. Amidst this, malicious activity was suspected in the US government’s wallet. Also Read: SEC Can’t Stop…
In a new update from Arkham Intelligence, it seems that crypto wallets linked to the U.S. government may have been compromised, losing around $20 million. According to Arkham, the bulk of the funds, primarily made up of stablecoins, were converted into ethereum “through suspicious addresses linked to a money laundering service.” $20M Vanishes From U.S….
Blockchain monitoring firm Arkham Intelligence has reported that the U.S. government recently initiated a significant transaction, withdrawing $5.4 million from the decentralized finance (defi) platform Aave. This transfer marks the first activity on this specific government-linked address in eight months. Arkham, known for tracking high-profile movements on the blockchain, flagged the event with an alert,…
In what is an immensely concerning development, the US government has reportedly spent $1.049 trillion in 2024 on interest payments for its national debt. Indeed, the government’s debt figure has surpassed $35.3 trillion this year, as the country faces an impending crisis. The US Treasury Department reported the spending as the interest rate payments passed…