Thai Police Arrest Korean Man in $50M Crypto-to-Gold Laundering Case
Thai authorities have arrested a 33-year-old South Korean man at Suvarnabhumi Airport over his alleged role in a $50 million cryptocurrency-to-gold money laundering scheme tied to a call-center scam network. The suspect, identified only as Han, was taken into custody under a warrant issued by Thailand’s Criminal Court earlier this year. His arrest followed a […]
IRS Crypto Chief Steps Down After Just Three Months in Role
The U.S. Internal Revenue Service (IRS) has been hit by another leadership shake-up, as Trish Turner resigned from her position as head of the agency’s Digital Assets Division only three months after assuming the role. Turner, a long-time IRS veteran, confirmed her decision this week, marking the latest high-profile exit from a unit tasked with […]
US Authorities Seize $1M and Shut Down Websites Linked to Crypto Ransomware Gang BlackSuit
US law enforcement agencies have dismantled the online infrastructure of the notorious ransomware group BlackSuit, seizing more than $1 million in cryptocurrency linked to the gang’s illicit activities. The takedown is part of a broader effort to combat cybercriminal groups that target businesses, hospitals, and government agencies with ransomware attacks . The Justice Department announced […]
Robinhood Doubles Crypto Earnings as Tokenization Strategy Takes Shape
Robinhood reported a blockbuster in the second quarter, with its cryptocurrency revenue more than doubling as it leans toward asset tokenization as a key pillar of future growth. The trading platform announced a 45% year-over-year increase in total revenue, hitting $989 million. Net income also soared, climbing to $386 million, while earnings per share came […]
Bakkt Restructures to Become Pure Crypto Powerhouse
Bakkt Holdings has announced the sale of its loyalty services division in a strategic shift aimed at focusing exclusively on digital assets and blockchain infrastructure. The move marks a significant milestone for the company as it repositions itself as a pure-play crypto firm, shedding non-core operations to streamline its business model and concentrate on areas […]