Evan Frederick Light faces up to 20 years behind bars for each charge, including conspiracy to commit wire fraud and money laundering.
Crypto Wet Articles
Australian feds ’deciphered' seed phrase to access suspect’s crypto
The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the alleged creator of an organized crime messaging app.
Kraken to end Monero support in European Economic Area
Monero’s price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency.
Crypto hacks surge to $2.1B in 2024, CeFi hit hardest — Cyvers
Threats like AI-driven attacks and quantum computing vulnerabilities need to be addressed with real-time monitoring and solid regulation.
Middle East accounts for 7.5% of global crypto volume — Chainalysis
According to the World Bank, less than 50% of adults in the Middle East and North Africa region had access to adequate banking services.
Mark Cuban says he wants Gary Gensler’s job as head of the SEC
The crypto-friendly billionaire appears to be throwing his full support behind US presidential candidate Kamala Harris.
SEC Chair Gensler plugs changes to exchange definition that worries crypto
Gary Gensler reminded a conference on Treasury bonds about a proposed rule change that would impact DeFi, too.
Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition
According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts.
US sanctions Russian crypto platforms for money laundering ties
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
Terraform Labs may close products, services in bankruptcy wind-down
Terraform Labs plans to shut down several services by Oct. 30 unless third parties step in, following a wind-down after its SEC settlement in June.
Financial institutions are experimenting with Bitcoin-backed lending — Ledn
Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending.
NYC’s pro-crypto Mayor Eric Adams indicted on corruption charges
New York City Mayor Eric Adams said he would fight the federal criminal charges with “every ounce of my strength and spirit.”