US busts alleged crypto money launderers for Sinaloa Cartel
The DoJ alleges that the operation moved over $50 million in proceeds from the sale of cocaine, methamphetamine, and fentanyl.
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Russian companies using USDT to evade UK and US sanctions, report
Two major Russian metal companies are reportedly using USDT to settle some cross-border transactions with Chinese clients.
China gags crypto millionaires in fight against ‘luxury on the internet’
Although opulent lifestyles are standard fare on Instagram and X, crypto millionaires in China may not boast too much about their wealth.
Another Chinese money laundering scheme tied to Deltec and Tether
Daren Li and Yicheng Zhang moved cash from so-called pig-butchering scams to Deltec Bank and Trust. It was then converted to tether.
China busts $2 billion USDT money laundering operation
The gang allegedly used USDT to evade China’s foreign exchange regulations and provide a means for criminals to send their funds overseas.
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China is sentencing pig butchering scammers to death—by Protos Staff
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Stream Finance halts withdrawals after $93M loss, xUSD depegs 75%—by Protos Staff
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Balancer exploit drains $129M in DeFi disaster—by Protos Staff
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Reform UK insider George Cottrell tied to Trump Polymarket bets worth millions—by Protos Staff
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What the hell is happening at Evolve Bank and Trust?—by Protos Staff
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CZ threatens Elizabeth Warren with lawsuit over ‘money launderer’ claim—by Protos Staff
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DeFi projects under fire for inflated TVL and murky lending loops—by Protos Staff
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From Ripple to Solana: crypto-TradFi partnerships that go nowhere—by Protos Staff
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NBA Gambling Scandal: at least $400,000 in ETH seized—by Protos Staff
