Examining The $100M Mango Markets Exploit, Latest Updates From Avraham Eisenberg’s Trial

In a significant development for the cryptocurrency industry, the trial of Avraham Eisenberg, the accused perpetrator of the $100 million Mango Markets exploit, has commenced in a New York federal court.  Details Of The Mango Markets Scandal During the opening arguments presented by Assistant US Attorney Tian Huang, Eisenberg’s actions on October 11, 2022, were…

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Urgent Stablecoin Regulation Needed, Global Financial Watchdog Says

In a bid to navigate the complex landscape of stablecoin regulation, the Bank for International Settlements (BIS) has sounded the alarm for urgent global oversight. The latest report from the BIS underscores the pressing need for a unified regulatory framework to address the significant regulatory fragmentation hindering the widespread adoption of stablecoins. The survey conducted…

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US Treasury Takes Aim At Crypto-Linked Illicit Finance: Is An Increased Crackdown On The Horizon?

In a recent Bloomberg report, it was revealed that the US Treasury Department is urging lawmakers to grant it additional enforcement powers in its fight against foreign providers of cryptocurrency services. The primary objective behind this request is to safeguard national security interests. Growing Hurdles In Tracing Illicit Crypto Transactions Deputy Secretary Adewale O. Adeyemo,…

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