Search Results for: Foreign

Lazarus Group Circumvents Sanctions, Launders $12M Via Tornado Cash

Despite facing international sanctions, North Korea’s notorious Lazarus Group has allegedly resumed its operations using the crypto mixer Tornado Cash to launder approximately $12 million worth of cryptocurrencies. These funds are purportedly linked to cyber heists targeting cryptocurrency platforms HTX and HECO in November, highlighting the persistent threat posed by state-sponsored actors in the digital … Continue reading Lazarus Group Circumvents Sanctions, Launders $12M Via Tornado Cash

Decima Fund Secures 4.5 Billion Yen to Bolster Web3 Ventures in Japan

In a boost to Japan’s emerging Web3 industry, Decima GP Limited has announced the successful closure of a funding round amassing approximately ¥4.5 billion for the Decima Fund, LP. The capital raise, completed on March 14, 2024, marks a pivotal step in the fund’s mission to incubate domestic projects aiming for overseas markets, as well … Continue reading Decima Fund Secures 4.5 Billion Yen to Bolster Web3 Ventures in Japan

Taiwan's Financial Regulator Cautions Investors Amidst Crypto Volatility

The Taiwan Financial Supervisory Commission (FSC) has issued a public statement urging caution among investors regarding the trading of virtual assets, including cryptocurrencies like Bitcoin, in light of recent significant price fluctuations that have led to substantial losses for some traders. In the wake of tumultuous market conditions, the FSC emphasizes that virtual assets are … Continue reading Taiwan's Financial Regulator Cautions Investors Amidst Crypto Volatility

Honduran Withdrawal from ICSID Backed by Economists Amidst Crypto Firm Dispute

A group of 85 economists has openly supported the Honduran government’s decision to withdraw from the International Centre for Settlement of Investment Disputes (ICSID), an arbitration body of the World Bank. This backing comes against the backdrop of a contentious battle with Próspera Inc., a firm specialized in creating cryptocurrency-powered islands, which has lodged a … Continue reading Honduran Withdrawal from ICSID Backed by Economists Amidst Crypto Firm Dispute

Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges

Roman Storm, one of the co-founders of the privacy-focused Ethereum mixer Tornado Cash, has put forward a motion to dismiss the charges of money laundering and the breach of the International Emergency Economic Powers Act (IEEPA) leveled against him. The legal representatives of Storm argue that the decentralized application (dApp) was designed to operate autonomously … Continue reading Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges

Tron Foundation Contests SEC Lawsuit Over Jurisdictional Overreach

The Tron Foundation, known for its significant presence in the blockchain and cryptocurrency space, is currently embroiled in a legal battle with the United States Securities and Exchange Commission (SEC). The bone of contention revolves around a lawsuit initiated by the SEC, which the Tron Foundation argues should be dismissed on the grounds of jurisdictional … Continue reading Tron Foundation Contests SEC Lawsuit Over Jurisdictional Overreach

Exit mobile version