Global Ledger

El Salvador is entering the market of tokenized U.S. Treasuries. NexBridge Digital, in partnership with Bitfinex Securities, has launched the country’s first regulated public tokenized T-Bill offering. Key Details: ?? Backed by BlackRock’s Treasury Bond ETF. ?? Available via Tether (USDT) with Bitcoin (BTC) support planned. ?? Traded under the ticker USTBL on Bitfinex Securities' market. This initiative bridges traditional finance and blockchain, offering access to T-Bills with faster settlements and greater efficiency. Tokenized Treasuries have tripled in market size over the past year, reaching $2.4 billion. Read more here ?? https://lnkd.in/eMppYh3H #Tokenization #DigitalAssets #ElSalvador #Treasuries #Blockchain

Crypto Crime Watch: Polter Finance Breach ?? Polter Finance, a decentralized lending and borrowing platform on the Fantom blockchain, recently experienced a devastating exploit resulting in $12 million in cryptocurrency losses. This hack exploited vulnerabilities in the protocol’s newly launched SpookySwap (BOO) lending market, specifically targeting faulty oracle price feeds. The BOO market, valued at only $3,000, became the focal point of a flash loan attack that drained the platform’s total value locked (TVL). Key Details: ?? The attacker transferred approximately $8.7 million worth of assets into wallets and funneled around $8 million through Tornado Cash. ?? Unreliable price oracles, unaudited smart contracts, and inadequate security measures. ?? Polter Finance’s pseudonymous founder, Whichghost, personally lost over $223,000 and has filed a police report with Singaporean authorities. Polter Finance has paused operations and is collaborating with SEAL-ISAC to track the stolen funds. An on-chain message has also been sent to the hacker in an attempt to negotiate a resolution. #DeFiSecurity #CryptoHack #Blockchain #SmartContracts #CyberSecurity #CryptoNews #DecentralizedFinance #FantomBlockchain #FlashLoan #DigitalAssets

Crypto Crime Watch ?? A married couple from China has been charged in Ireland with laundering €21M through digital banks and crypto wallets. The investigation, involving Europol and multiple countries, revealed: ?? 2,600+ suspicious transactions. ?? €14.7M in crypto wallets, with €4.4M frozen. ?? €20K in cash, gold coins, and crypto wallet keys seized. The couple faces charges under Ireland’s anti-money laundering laws, carrying up to 14 years in prison. https://lnkd.in/dQb36HPk #FinancialCrime #AntiMoneyLaundering #AML #Compliance #Ireland

Tackling Illicit Finance in the Balkans ?? A recent report by the Global Initiative Against Transnational Organized Crime has highlighted the significant risks of illicit finance in the Western Balkans. Banks, cryptocurrency services, and money transfer agencies are frequently exploited for money laundering, despite international AML standards. Key challenges include: ?? Cryptocurrency Risks: Limited regulation enables misuse. ?? Real Estate Vulnerabilities: A prime channel for laundering funds. ?? Structural Weaknesses: Corruption, informality, and inconsistent oversight persist. Solutions lie in stronger regulatory frameworks, advanced compliance tools, and better public-private cooperation. Combating these risks is critical not just regionally but globally. #AML #IllicitFinance #CryptocurrencyRisks #FinancialCrime #Compliance #Balkans #MoneyLaundering #RiskManagement #VirtualAssets

#Alianzas - PLG establece una alianza con Global Ledger con el fin de promover capacitaciones y uso de herramientas que permiten la identificación de operaciones sospechosas en cripto (incluyendo autoridades competentes), y permitir a distintos rubros en mantener mecanismos seguros de disminución de riesgos con criptoactivos, tanto internamente como con sus clientes. #prevención #cripto

Crypto Crime Watch ?? U.S. authorities seized $6 million in cryptocurrency linked to a pig butchering scam that targeted U.S. victims. The scammers used fake texts, dating apps, and professional forums to gain victims' trust before directing them to fake crypto investment platforms. These platforms appeared legitimate but were designed to funnel money into wallets controlled by the scammers. Victims were initially allowed to make small withdrawals but ultimately lost access to their funds entirely. Our analysis identified a key wallet, TRteottJGH5caJyy9qFuM8EJJGGCpDaxx6, linked to Daren Li, as central to the scam: ?? Sources of Funds: $35.4M traced from Binance, Kraken, FTX, and other centralized exchanges. ?? Destination of Funds: 29% (~$1.82M) moved to Huione Pay. Li, recently indicted for money laundering, and his network used shell companies, unregulated banks, and crypto exchanges to conceal their operations. We were able to pinpoint both funding sources and endpoints like Huione Pay, which served as a key destination for the stolen funds. #AML #Blockchain #Cryptocurrency #Regulation #Panama #DigitalTransformation #GlobalLedger

Heather Morgan, known as "Razzlekhan," has been sentenced to 18 months in prison for her role in laundering funds from the 2016 Bitfinex hack. Her husband, Ilya "Dutch" Lichtenstein, who orchestrated the hack that drained nearly 120,000 BTC, was sentenced to five years last week. Prosecutors detailed how the couple laundered around 20% of the stolen bitcoin, using sophisticated techniques like chain hopping, mixing services, darknet markets, and converting crypto into gold coins. The judge emphasized the deliberate nature of their actions, calling them "true partners" in the laundering scheme. https://lnkd.in/gcJFtXXu #Crypto #AML #Cybercrime #Blockchain #Compliance

Exciting Announcement! ? ???? We are excited to announce our strategic partnership with Panama Legal Group and The Chamber of Digital Commerce and Blockchain to deliver a specialized training program for Panamanian government officials on November 20-21. This initiative will bring together over 80 representatives, including prosecutors, judges, and regulatory officials, to enhance their ability to: ? Identify and analyze digital wallet addresses ? Label risk profiles and detect financial crime links, including terrorism financing ? Understand cryptocurrency transactions and their implications As part of Panama’s broader strategy to modernize state processes, this program introduces tools and expertise to combat financial crime while fostering innovation in the country’s burgeoning crypto sector. We look forward to empowering Panama’s legal and financial sectors with the tools and knowledge needed to navigate the unique challenges posed by digital assets. https://lnkd.in/dyjqzJC7 #AML #Blockchain #Cryptocurrency #Regulation #Panama #DigitalTransformation #GlobalLedger The Paypers

South Korean ???? crypto exchange Upbit is under scrutiny for allegedly breaching KYC regulations, raising questions about its license renewal. The Financial Intelligence Unit (FIU) has flagged potential violations, including insufficient customer verification, which could jeopardize Upbit's operation under the country’s strict anti-money laundering laws. Read more here ?? https://lnkd.in/dheEumcm #CryptoRegulation #KYC #AML #CryptoCompliance #SouthKorea

?? Arrest in $235M WazirX Hack Delhi Police’s IFSO unit has arrested a suspect linked to the massive cyberattack on India’s largest crypto exchange, WazirX, in July. The hack resulted in losses of $235 million, with attackers exploiting hot and cold wallets. The accused, SK Mausad Alam, allegedly opened a fraudulent WazirX account under a fake identity and sold its credentials on Telegram, facilitating unauthorized platform access. Evidence shows deposits worth $107,000 in the account he created. Authorities continue investigating, focusing on how hackers drained wallets and laundered funds through Tornado Cash. Read more here ?? https://lnkd.in/dyJWKmYy #Cybersecurity #CryptoNews #WazirX #BlockchainSecurity