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Former Binance CEO Changpeng Zhao has been advised to “enjoy life and give up the scamming” in a heated social media back-and-forth with BlockTower founder Ari Paul. The spat began when Paul responded to an X post by Zhao that challenged The Wall Street Journal’s claim that “As part of Zhao’s plea deal, he agreed to give evidence on (Tron founder Justin) Sun to prosecutors.” In the post, Zhao said, “WSJ (The Wall Street Journal) is really TRYING here. They seem to have forgotten who went to prison and who didn’t. “People who become gov witnesses don’t go to prison. They are protected. “ I heard someone paid WSJ employees to smear me .” However, Paul pointed out, “You (Zhao) didn’t get 25+ years for money laundering and terrorism financing charges and stealing customer assets because DoJ wanted your dirt on everyone else in crypto, and didn’t want you vanishing in Dubai with $60b of customer asse...

Author | Chu Yan Translated by GPT and may contain errors. Please refer to the original article . Recently, the cryptocurrency exchange Bybit was involved in the largest theft in the crypto industry, with North Korean hackers stealing approximately $1.4 billion in cryptocurrency from Bybit's cold wallet. According to information disclosed by Bybit CEO @benbybit on X, the hackers converted the majority of the stolen ETH into BTC via THORChain, with around 16% of the illicit funds transferred to ExCH and another 8% exchanged through the OKX Web3 proxy contract. Picture: Bybit Hacking and Money Laundering Chain Link (Source: LazarusBounty) Following this incident, Bloomberg reported that European cryptocurrency regulators are investigating the usage of OKX wallet services by the hackers to mix and exchange the stolen funds. Today, OKX announced through an official statement that it has proactively decided to temporarily suspend its DEX aggregator service after consulting with regulato...

India’s Financial Intelligence Unit has officially registered 28 Virtual Digital Assets and crypto service providers. The news comes as confirmed by Pankaj Chaudhary, the Minister of State for Finance, in a parliamentary discourse. This move also follows the Indian Finance Ministry’s March mandate, requiring crypto businesses to align with the Financial Intelligence Unit, an entity pivotal in combating money laundering . The directive necessitates these businesses to adhere to the Prevention of Money Laundering Act (PMLA), mandating stringent verification processes like Know Your Customer protocols. You might also like: India is looking at regulating or prohibiting unbanked crypto, DeFi, and stablecoins A Big development as Crypto in Parliament: Question: a request was made to provide the list of reporting entities in India ( crypto companies) dealing in VDA ( crypto ). Answer: The list of reporting entities dealing in VDA is mentioned below pic.twitter.com...