BNB Smart Chain, the blockchain of prominent crypto exchange Binance suffered a $570 million exploit, with attackers swindling over $110 million worth of cryptocurrency.
Recently, the Joint Chiefs of Global Tax Enforcement (J5) released an intelligence bulletin enumerating potential red flags in the non-fungible token (NFT) marketplaces. Titled “J5 NFT Marketplace Red Flag Indicators” (J5 Release), the bulletin warns banks, law enforcement personnel, and private companies such as crypto exchanges about the dangers of dealing with NFTs.
On April 20, 2022, in its latest rounds of sanctions against Russia, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russia-based crypto mining company Bitriver AG. This historic designation marks the first time that a crypto mining operation has been sanctioned by the OFAC.
Last month, the EU Parliament Economic and Monetary Affairs Committee (ECON) voted in favor of a new draft of the Markets in Crypto Assets (MiCA) framework. Further, recently the EU Parliament agreed to start negotiations with the EU member countries on rules that would allow the tracing and identification of transfers of crypto-assets
