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The US Treasury has sanctioned Iranian individuals and entities involved in facilitating over $100 million in cryptocurrency for Iran's oil sales. These shadow banking networks use front companies and cryptocurrency to evade sanctions, with the US aiming to disrupt Iran's funding for weapons and malign activities. The move follows recent efforts to reimpose UN sanctions and curb Iran's nuclear ambitions. (Tue, 16 Sep 2025 23:31:54 +0100)
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On October 14-15, 2025, US and UK authorities charged Chen Zhi, head of Cambodia's Prince Group, with wire fraud and money laundering tied to forced-labor "pig butchering" scams. The operation used trafficked workers in compounds to defraud victims globally, seizing 127,271 bitcoin worth $15 billion and freezing UK properties. Chen remains at large, facing up to 40 years in prison.
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Bitcoin stabilised near US$109,000 after recent declines, reflecting ongoing volatility. The market remains fragile amid US-China trade tensions, credit worries, and regulatory scrutiny of stablecoins. Major cryptocurrencies have struggled to recover, with futures trading volumes shrinking sharply, indicating heightened risk aversion among investors.
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A new report reveals North Korea's sophisticated cyber operations, including hacking, cryptocurrency theft, and employment of IT workers abroad to fund nuclear and missile programs. The 138-page document highlights the growing threat posed by North Korea’s cyber capabilities, supported by allies in Russia and China, and underscores the global security challenge.
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Italy's Milano Cortina 2026 Winter Olympics are 100 days away, with key venues still under construction and testing. Organizers emphasize readiness, using existing infrastructure and cost-saving measures, while promoting the event's cultural and unifying significance amid logistical challenges.
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RedBird Capital has withdrawn its bid to acquire the Telegraph Media Group, ending a nearly two-year effort amid political and regulatory scrutiny. The move leaves the future of the UK newspaper uncertain, with potential new bidders expected to emerge as the sale process restarts.
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Zhimin Qian, a Chinese fugitive, was sentenced in London for laundering billions in Bitcoin linked to a massive Chinese investment scam. She evaded Chinese authorities for years, living lavishly in Europe, before her arrest in 2024. The seizure of 61,000 Bitcoin is the largest in UK history.
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A home in San Francisco's Mission District was robbed in a targeted attack involving a fake delivery person. The suspect tied up the resident, stole $11 million in crypto, and fled. The incident highlights rising violence against crypto investors, with authorities seeking the suspect.