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A report shared by the US Treasury Department has linked Hamas to 300 instances of financing terrorism with crypto and roughly $165 million in transactions, the Wall Street Journal (WSJ) reports.  The report, seen by the WSJ and written by the Treasury’s Financial Crimes Enforcement Network, was sent by the Treasury’s deputy secretary Wally Adeyemo to Congress on Tuesday.  It claimed that 12 dozen financial institutions, including crypto exchanges, have found over 300 instances of crypto potentially being used for terrorist financing purposes which suggests that Hamas is moving funds between its operatives.  The report also linked Hamas to almost $165 million in transactions and digital assets over the past three years. It is reportedly the first formal assessment of crypto use related to Hamas as the US looks to increase its oversight of crypto and curtail Hamas’s ability to work around sanctions.  Hamas victims from the US sue Iran, Syria, Binance, and CZ Read more: Hama...

Cryptocurrency whale s are both feared and respected due to their accomplishments and impacts on the cryptocurrency market. Now, an XRP whale has made investors tremble, looking for its next move. The whale in question moved over 443 million XRP tokens from ‘ra9cJ…Lg4Gf’ to ‘rudsb…TVYdG’ on January 16. Notably, the latter is a recently opened address, which could belong to the same owner of the former. XRP whale account summary. Source: XRP Scan On that, Finbold traced this amount back to the account ‘rpiY9…TT8CK’. This whale address received over 425 million XRP from a Bitvavo account in August 2023. Interestingly, these tokens jumped from one address to another multiple times. Moreover, each time this amount – currently worth over $230 million – was moved, it followed a similar pattern: A recently opened address received over 425 million XRP, made some smaller intermediate transactions, and moved to the next address. XRP whale sell-off could impact the price Crypto...

Fantom Foundation director Andre Cronje reportedly confirmed that an employee lost $7 million worth of crypto to a phishing attack. However, all Fantom Foundation funds were safe. FTM price did fall following the news. A Fantom Foundation employee has lost $7 million worth of crypto after a phishing attack on their personal wallet. The exploit did not affect user funds or those of the Fantom Foundation, co-founder and architect Andre Cronje said in a statement quoted by The Block . Earlier reports that falsely pointed out that the exploit had ended with the attacker draining the Fantom Foundation’s wallets saw the native Fantom (FTM) token plummet sharply. But while the zero-day exploit is said to have targeted an employee ’s wallet, FTM price has struggled to pick up momentum. Fantom price plummets on exploit news Fantom traded to highs near $0.19 earlier in the day. However, as the exploit’s news hit the market (in the version that ...