Altcoin News by Thebittimes.Com

Major cryptocurrency exchange Binance and its former CEO, Changpeng Zhao, are embroiled in a lawsuit filed by victims of the Oct. 7 Hamas attack on Israel.  The suit, lodged in the New York Southern District Court on Jan. 31, alleges that Binance processed transactions for Hamas in breach of the U.S. anti-terrorism act. Plaintiffs are seeking damages, accusing the defendants of providing substantial support to terrorist organizations. The complaint points to Binance’s facilitation of clandestine financial transactions for Hamas, effectively bypassing U.S. regulatory scrutiny. This follows Binance’s settlement with the U.S. Department of Justice in November for anti-money laundering violations, including a hefty $4.3 billion fine and agreeing to comprehensive monitoring by U.S. authorities. In response to the attack, Binance swiftly froze Hamas-linked accounts at the request of Israeli law enforcement. The lawsuit also implicates the governments of Iran and Syria. Iran, labeled...

Join Our Telegram channel to stay up to date on breaking news coverage The repercussions of FTX, the second-largest cryptocurrency exchange in the world, declaring bankruptcy earlier this month have been felt globally. However, there are some less than innocent people among the numerous victims. Cryptocurrency theft has proven to be a (relatively) easy means for the Democratic People’s Republic of Korea, a nation under stringent sanctions, to finance its growing nuclear weapons. It is well known that for years, North Korea’s military operation under Kim Jong-un has been stealing cryptocurrencies to fund its nuclear and missile programs. However, researchers believe North Korea has lost most of its cryptocurrency holdings due to the general decline in the cryptocurrency market, the recent FTX meltdown, and other other problems. Can we anticipate a halt or slowdown in its nuclear weapons development ? It seems improbable. What North Korean hackers have been doin...