Tsim Sha Tsui Cryptocurrency Company Employee Arrested for Stealing 2.67 Million USDT

American law firm Burwick Law sues two co-founders over ZEREBRO-related losses

Gate News: On March 9, American law firm Burwick Law filed a lawsuit on behalf of a client against the co-founders of ZEREBRO, Jeffy Yu and Agustin Cortes, regarding losses related to ZEREBRO. The lawsuit states that the client suffered financial losses due to ZEREBRO.

Supreme Court Work Report: Severely punish crimes such as money laundering and capital flight using virtual currencies as intermediaries, and work together to prevent illegal cross-border fund transfers.

At the Fourth Session of the National People's Congress, Chief Justice Zhang Jun reported that over the past five years, there has been a significant increase in the number of cyber security crime cases, including online rumors and money laundering. He emphasized strict punishment for related crimes and also pointed out that drivers who use assisted driving after drinking alcohol still bear criminal responsibility.

U.S. Treasury Department: Mixing tools for legitimate privacy purposes, policy reversal after three years of sanctions

The U.S. Department of the Treasury in its report acknowledged that cryptocurrency mixers can be used for legitimate financial privacy and recommended legislation to establish a freezing law that allows financial institutions to temporarily freeze suspicious digital assets. At the same time, the report disclosed data on North Korea using mixers for money laundering and proposed compliance recommendations for decentralized finance. This shift in stance stems from federal court rulings and assessments of the impact of mixers.

Flow Foundation applies to Korean courts to halt the three major exchanges; decision to delist FLOW on March 16

Gate News Announcement: On March 9, the Flow Foundation announced that it and Dapper Labs have filed an application with the Seoul Central District Court in South Korea to suspend the decision by the country's three major Korean exchanges to terminate FLOW trading support on March 16. The Flow Foundation stated in the announcement that all major global exchanges have resumed full FLOW services. This week, some

The U.S. Department of the Treasury acknowledges that mixers have legitimate privacy uses and recommends establishing a safe harbor mechanism to temporarily freeze suspicious assets.

The latest report from the U.S. Department of the Treasury acknowledges that cryptocurrency mixers can be used for legitimate financial privacy purposes and distinguishes between custodial and non-custodial mixers. While requiring registration for custodial mixers, no new restrictions are imposed on non-custodial ones. Additionally, the report mentions that North Korean cybercrime activities involve money laundering through mixers and recommends establishing a safe harbor mechanism for digital assets to clarify anti-money laundering responsibilities.

CFO Gets Prison Time After Losing $35 Million of Company Money in Crypto Side Hustle

Nevin Shetty, a Washington man, was sentenced to two years in prison for diverting $35 million from his employer to a DeFi platform, leading to significant company losses and layoffs. After investments collapsed, he confessed and was subsequently fired.