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A judge in Dubai has ordered a worldwide freeze on $456 million in assets linked to a bailout of the stablecoin TrueUSD, placing Justin Sun and his network under renewed scrutiny. The Dubai Digital Economy Court issued the order after TrueUSD’s issuer, Techteryx Ltd., reported that someone diverted funds instead of keeping them as liquid reserves … Read more
Key Takeaways Dubai froze $456M in TrueUSD-linked assets after reserve misuse claims. The ruling marks the court’s first global crypto-related freezing order. Share this article A Dubai court has frozen $456 million in assets linked to TrueUSD’s reserve shortfall, which Justin Sun previously covered to bail out token holders, CoinDesk reported today. According to the … Read more
Tether and its T3 partners have frozen over $300 million in criminal assets, a milestone revealing a year-long, multi-continent offensive against crypto money laundering and fraud. Summary Tether-backed T3 Financial Crime Unit has frozen over $300 million in illicit funds across 23 jurisdictions in its first year of operation. The unit assisted Brazil’s Operation Lusocoin, … Read more
For the first time in more than a century, America is about to go dark on its inflation stat. With Bureau of Labor Statistics staff furloughed due to the shutdown, there will be no Consumer Price Index and no official measure of the cost of living, nor a baseline for the markets. What the hell? … Read more
NEWYou can now listen to Fox News articles! The Trump administration is freezing $11 billion in federal funds earmarked mostly for Democrat cities’ infrastructure projects as the government shutdown rolls on with no end in sight. Russell Vought, the director of the Office of Management and Budget (OMB), made the announcement Friday while pinning the shutdown … Read more
Russell Vought, the director of the US Office of Management and Budget, cited the “unconstitutional DEI principles” as the reason for the funding freeze in a post on X on Wednesday. “Specifically, the Hudson Tunnel Project and the Second Ave Subway,” he said. The move comes as President Donald Trump and Republicans are pitted … Read more
Kraken suspended Monero deposits after detecting that a single mining pool gained majority control of the network’s hashrate. The exchange cited security concerns following what appears to be a successful 51% attack on the privacy-focused blockchain. “As a security precaution, we have paused Monero (XMR) deposits after detecting that a single mining pool has gained … Read more
The crypto market saw another tense session on Wednesday as Bitcoin briefly dumped to $115,000 before recovering hours later back to the key $118K support level: a battle that’s been going on for days now. Traders are watching closely as BTC holds this level with its teeth, despite increasing macro pressure. While the broader market … Read more
Nearly $58 million in USDC has been frozen in connection with the LIBRA memecoin scandal, deepening the legal and political fallout from one of this year’s biggest crypto scandals. On May 29, blockchain analytics firm Arkham reported that Circle, the issuer of USD Coin (USDC), froze two Solana (SOL) wallets tied to the LIBRA deployer … Read more
A senior Russian finance official has called for the development of a national stablecoin following the US government’s freeze of wallets linked to the sanctioned crypto exchange Garantex. The move, which also involved stablecoin issuer Tether, has sparked renewed concerns in Moscow over the vulnerability of relying on foreign-backed digital assets. The push for a … Read more
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