T3 Financial Crime Unit, a crypto task force said it froze $300 million in tainted funds in its first year of operation, earning praise from international law enforcement and showing the stablecoin industry is capable of policing itself. Formed in late 2024 by stablecoin issuer Tether, the Tron blockchain and TRM Labs, a blockchain intelligence […]
Movement Labs announced today on X that it had suspended co-founder Rushi Manche. The move to suspend Manche comes as Coinbase delisted the MOVE token, after CoinDesk reported that Movement Labs is investigating how a market maker tied to Web3Port acquired and dumped over 5% of the token’s supply, triggering a price crash. We confirm […]
Terraform Labs, the firm behind the collapsed Luna token and the TerraUSD stablecoin, will open a portal on March 31 to allow investors to file claims for crypto losses tied to the company’s downfall and subsequent bankruptcy. The online system, operated by claims administrator Kroll, is part of the company’s court-supervised wind-down process. Investors have […]