IRS tax bill will swipe creditors of any ‘meaningful recovery,’ says FTX
FTX Trading said the firm “never earned anything anywhere near the amount” that would justify a $24 billion tax bill. Go to Source
Investigation
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FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute
The latest transfer of $10.8 million was spread across 8 tokens, including Stepn (GMT), Uniswap (UNI), Synapse (SYN), Klaytn (KLAY), Fantom (FTM), Shiba Inu (SHIB), Arbitrum (ARB) and Optimism (OP). Go to Source
BNB pops after report that DOJ wants $4B settlement with Binance
BNB hit its highest price since June after Bloomberg reported the Justice Department wanted $4 billion from Binance to end its probe into the exchange. Go to Source
Kronos Research halts trading amid $25M API key hack investigation
While Kronos Research is indefinitely halting trading services until internal investigations track down the culprit who stole over 12,800 ETH, the firm said that potential losses are not a significant portion of its equity. Go to Source
Ukraine officials get training on crypto and virtual assets investigation
The officials from Ukraine were trained in tracing crypto transactions over different blockchains using specialized analytics software. Go to Source
5 nations challenge crypto experts and investigators to target tax crimes
The J5 generates significant leads through events, which, in the past, has helped uncover multi-million-dollar crypto Ponzi schemes such as the BitClub Network. Go to Source
UK seeks six crypto investigators to beef up National Crime Agency
The role demands candidates to have the ability to provide strategic and tactical advice to crypto investigations, among other investigative qualities. Go to Source
Unibot contract $560K exploit crashes token price by more than 40%
Amid ongoing investigations from Unibot and blockchain investigators, Scopescan advised users to revoke the approvals for the exploited contract and move the funds to a new wallet. Go to Source
Mixin Network hack drains $200M from mainnet assets
Mixin Network suspended all deposits and withdrawals and will restart the services “once the vulnerabilities are confirmed and fixed.” Go to Source
CFTC Commissioner plans to modernize investor protection with technology
To minimize the damages caused by financial fraud, Romero proposed the formation of the National Financial Fraud Registry — a centralized record of all crimes and fines related to financial fraud. Go to Source
