SShortSingh.
Back to feed

Ukraine moves $8.3M in seized crypto linked to hacker money-laundering probe

0
·1 views

Ukraine has transferred $8.3 million worth of cryptocurrency that was previously seized by authorities. The funds were confiscated as part of an investigation into an international hacker group. The group was accused of laundering money obtained through data theft, channeling proceeds into high-value property. The transfer comes amid reports that Ukraine may be considering establishing a strategic crypto reserve.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Chainalysis Proposes Standardized Framework for Blockchain Address Tracing

Crypto analytics firm Chainalysis has put forward a proposed ontology aimed at standardizing how blockchain investigations are conducted. The framework focuses on helping investigators identify and link clusters of cryptocurrency addresses. The proposal seeks to bring consistency to the methods used in tracing on-chain activity across the industry. By establishing common standards, Chainalysis hopes to improve the reliability and comparability of blockchain forensic work.

0
Crypto & Web3CoinDesk ·

MiCA Deadline on July 1 May Displace 10 Million EU Crypto Users

The European Union's Markets in Crypto-Assets (MiCA) regulation is set to take full effect on July 1, potentially forcing up to 10 million crypto users to switch platforms. Non-compliant exchanges and crypto services operating in the EU risk losing their ability to serve customers once the deadline passes. SwissBorg executive Alex Fazel warned users in an interview with CoinDesk that the regulatory shift will significantly reshape the EU crypto landscape. He advised users to migrate to platforms that have been built to meet MiCA's compliance requirements ahead of the cutoff date.

0
Crypto & Web3CoinDesk ·

Ripple Proposes XRPL Standard to Let Institutions Borrow Against Tokenized Assets

Ripple has put forward a new technical standard for the XRP Ledger that would enable institutions to use tokenized assets as loan collateral. Under the proposal, the blockchain itself would enforce loan terms automatically. However, credit underwriting decisions would remain in the hands of human teams rather than being automated. The standard is not yet active and requires approval from XRPL validators before it can be implemented.

0
Crypto & Web3CoinDesk ·

BNY Mellon Expands Stablecoin Services with USDC Custody and Minting

BNY Mellon, the world's largest custody bank, is broadening its digital asset offerings by adding custody and minting services for Circle's USDC stablecoin. The move is aimed at institutional clients seeking regulated exposure to stablecoins. This expansion reflects the growing integration of stablecoins into traditional financial infrastructure. BNY Mellon's involvement signals increasing confidence among legacy financial institutions in digital dollar instruments.

Ukraine moves $8.3M in seized crypto linked to hacker money-laundering probe · ShortSingh