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US Treasury targets ‘crypto risk to national security’

Deputy Secretary of the Treasury Wally Adeyemo highlights the ‘need’ for new tools to manage the risk of crypto to national security.

US seizes pig-butchering funds at Evolve Bank

The US Secret Service has seized funds held at Evolve Bank and Trust that it attributes to fraudulent activity, including pig-butchering.

Bankman-Fried’s sentence comes after he was found guilty of wire fraud, conspiracy to commit fraud, and money laundering conspiracy.

Canadian authorities are petitioning courts to force Patryn to explain how he came to own 45 gold bars, a Rolex watch, and $250,000 in cash.

Prosecutors have asked for a sentence of 40 to 50 years but attorneys working for Bankman-Fried have called such a timespan excessive.