financial crime
INTERPOL Busts 5,811 in Massive Crypto Fraud Operation
INTERPOL’s sweeping Operation First Light 2026 has dismantled one of the most expansive criminal networks targeting crypto users, with authorities arresting 5,811 suspects across 97 countries and seizing approximately $293 million in illicit assets over a four-month period ending April 30. The operation identified more than 142,000 victims of cryptocurrency-related fraud, exposing how criminals leverage...
Catholic Bishops Challenge CLARITY Act Over Trafficking Safeguards
Nearly 100 Catholic bishops have formally opposed the CLARITY Act, arguing that a key provision designed to protect cryptocurrency developers would weaken federal safeguards against human trafficking and financial crimes. The letter, sent Tuesday to Senate leadership by the Alliance to End Human Trafficking, marks a significant moral and institutional challenge to legislation that has...
CoinEx Traced Funneling $3.84B to Iran, Sanctions Evasion Probe Finds
Blockchain intelligence firm TRM Labs has traced approximately $3.84 billion in flows between the cryptocurrency exchange CoinEx and sanctioned Iranian entities over the past seven years, according to a Wall Street Journal investigation published today. The finding marks one of the largest sanctions evasion schemes uncovered in the crypto sector and has triggered immediate regulatory...
Senate Faces Critical Deadline on Crypto Clarity Act
The U.S. Senate faces a critical two-month window to pass the Digital Asset Market Clarity Act before the August recess, with bipartisan support intact but significant disagreements over developer protections and financial crime oversight threatening passage. Galaxy Digital has downgraded its probability estimate for the legislation becoming law in 2026 from 75% to 60%, reflecting...