Crypto is pushing deeper into the banking system. A regulatory crackdown on crypto in the wake of the meltdown of FTX and two crypto-friendly banks prompted some in traditional finance to break up with the industry two years ago. Now President Trump’s pledge to make America a “bitcoin superpower” has set the stage for crypto to become more intertwined with…
Cryptocurrency exchange Bybit’s CEO Ben Zhou said that 27.95% of the funds lost in the $1.4 billion exploit engineered by the North Korean Lazarus Group have gone dark or become untraceable. “Total hacked funds of USD 1.4bn around 500k ETH. 68.57% remain traceable, 27.59% have gone dark, 3.84% have been frozen. The untraceable funds primarily flowed into mixers then through…
Steptoe LLP further expands its Investigations and White-Collar Defense practice with the addition of Ross Weingarten, who most recently served as an Assistant United States Attorney (AUSA) in the District of Connecticut. Ross joins Steptoe as a partner in its New York office. Source: Ross Weingarten, Former Assistant United States Attorney, Joins Steptoe | Steptoe