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The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto Seized by DOJ The
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Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors
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Most of the world’s electric car batteries are now made in China. Accounting for more than 70 per cent of market share by shipments, that concentration also puts global automakers at risk of supply chain disruptions amid escalating geopolitical tensions between the US and China. But Tesla’s new batteries are set to upend the hierarchy
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Alvin Bragg, the Manhattan district attorney bringing the case against Donald Trump, accused the former president of masterminding an expansive scheme to suppress damaging stories that could have threatened his candidacy in the 2016 presidential election campaign. This included arranging a $130,000 payment to adult film star Stormy Daniels, made 12 days before Trump took
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Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said. @getmasafi to Launch Soulbound Token Protocol & Developer
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Municipals were firmer in secondary trading Tuesday following U.S. Treasuries after weaker jobs data sent signals of a slowing economy. Triple-A yields fell two to six basis points while USTs rallied up to 15 basis points on the short end following fewer-than-expected job openings data, according to Roberto Roffo, managing director and portfolio manager at
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After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that
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PFM acquired the not-for-profit healthcare specialty advisory firm Melio & Company in a move that deepens its advisory and consulting benches. PFM’s acquisition of Melio & Co. — launched in 2009 by public finance investment banker Mark Melio — closed Friday and all nine employees of the Illinois-headquartered firm, who provide municipal and healthcare advisory
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Bitcoin (BTC) might have shown strength after successfully defending the $28,000 support amid unfounded rumors regarding Binance, but an interesting development to note is BTC is becoming less correlated to traditional markets after the U.S. Federal Reserve elected to provide emergency liquidity to banks.  This change in attitude from the central bank has caused a
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