#money

The U.S. Prosecutors have chosen not to pursue extra charges against Sam Bankman-Fried (SBF) regarding bribery of officials, unauthorized money transfers, and bank fraud. Law enforcement determined that this approach was the most pragmatic.

Canadian artist Grimes has partnered with the music platform Slip․stream to promote and distribute songs generated by AI using her vocal samples. More than 200 such songs have already been created, and their creators can now earn money from the commercial use of such music.

The fiat gateway from Advcash made it possible for users to transfer their money stored in Russian banks, which have fallen under sanctions, to the exchange. The user base is spreading this news, having gotten notifications from the exchange about it. Nevertheless, Advcash representatives assert that they haven’t received any communications from Binance concerning updates to their partnership.

The agency highlights that entities like HAMAS and other terrorist groups employ these mixers for illicit activities. This designation acts as a form of sanction, with stringent reporting requirements for any associated financial transactions.

Attorney: What did the defendant tell you to do? Ellison: To continue repaying Alameda’s loans. Attorney: How did you? Ellison: Taking money from FTX customer funds.

A recent investigation into ThorSwap, a platform enabling asset transfers across blockchains, raises concerns about its misuse by hackers from North Korea and russia. In the last four months, more than 50% of ETH converted to BTC through ThorSwap has been linked to either previous thefts via exploits or money laundering activities. The study's author highlights that criminal entities often exploit decentralized technologies. However, many developers seem to overlook this issue.

Elon Musk has shared his relatively indifferent stance towards cryptocurrencies, considering money primarily as a database for resource distribution. He opined that fiat currencies are quite capable of serving this purpose effectively, provided that governments don't abuse the system and fuel inflation.

Ekaterina Zhdanova, a Russian national, is now under sanctions from the U.S. Department of the Treasury’s OFAC for her role in laundering substantial funds and facilitating their illicit transfer overseas through cryptocurrency channels.

Taiwanese authorities have cracked down on the country's largest cryptocurrency money laundering case, involving a staggering $324 million. 4 individuals, including their leader, a suspect known as Chiu, have been arrested in connection with the elaborate scheme.

Valkyrie Investments has recently submitted an updated application to register their spot Bitcoin ETF, cleverly named BRRR (emulating the sound of a money-counting machine).