Law and Order

In brief Alexander Gurevich was arrested in Israel while attempting to leave the country using a new passport issued under a different name. U.S. prosecutors allege he was the first to exploit a critical flaw in Nomad’s code, sparking a $190 million bridge drain. The exploit went viral within hours, as hundreds of copycats mimicked

In brief Senator Elizabeth Warren is labeling a Trump-linked stablecoin deal with the UAE firm “shady.” Warren also said the GENIUS Act would let the president profit from crypto tied to foreign governments. She has urged senators to vote no unless the bill adds safeguards against abuse. U.S. Senator Elizabeth Warren (D-MA) has reissued warnings

In brief The father of a crypto entrepreneur was freed in a police raid after kidnappers demanded ransom in crypto. Attackers severed the victim’s finger in an attack mirroring January’s Ledger founder kidnapping. The Incident marks the third crypto-related kidnapping in France this year as violent extortions continue. French authorities have rescued the father of

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) proposed actions Thursday to sever Cambodia-based Huione Group from the U.S. financial system. “For years, Huione Group has laundered illicit proceeds from cybercrimes,” the agency said in a notice of proposed rulemaking under Section 311 of the Patriot Act, identifying Huione as a “primary money laundering

In brief Rep. Lance Gooden (R., Texas) has urged the GSA to install crypto ATMs in federal buildings. He described the move as in line with Trump’s ambitions for U.S. blockchain leadership. But crypto ATM-related fraud is surging in the U.S., with seniors particularly vulnerable. As Trump continues to promote crypto and meme coins, a

In brief Malaysian police seized 45 Bitcoin mining machines worth roughly $52,145 (RM225,000), alongside other equipment. The illegal operation cost the Malaysian electricity provider around $8,342 (RM36,000) in monthly losses. Malaysia has reportedly lost $722 million (RM3.4 billion) to illegal mining, as international criminals set up shop in the region. Malaysian police have cracked down

In brief The Crypto Council for Innovation has asked the SEC to clarify that staking is not an investment activity. In an open letter, it urged alignment with prior SEC positions on mining, stablecoins, and memecoins. It also proposed industry standards for transparency and user control in staking services. A coalition of major crypto firms

North Carolina’s House of Representatives passed a bill that would authorize the state to invest in digital assets, part of a push among states to adopt crypto. The measure now moves to the Senate for further debate. Dubbed the “Digital Assets Investment Act,” HB92 was introduced on February 10 and passed its third reading in

In brief Italy’s central bank is warning that crypto ties to traditional finance could spark market instability. It noted that Trump’s promotion of crypto assets could pose threats to markets and intermediaries. Despite this, Italy’s biggest commercial bank made investments in Bitcoin in January. Italy’s central bank has reiterated long-standing concerns over crypto’s growing influence