FinCEN designated MEXC Global a 'primary money laundering concern' on November 6, 2026, ordering US financial institutions to stop processing transfers to or from the exchange. Treasury alleges MEXC handled at least $16 billion in illicit transactions since 2021, including nearly $1.5 billion tied to Russian sanctions evasion, $232 million in direct dealings with sanctioned entities, and roughly $22 million benefiting Iran's central bank and the IRGC. MEXC had not publicly responded at time of publication.
techreport.com
· 2026-11-07
Binance CEO Richard Teng told CNBC that the exchange has restored 98% of the $6.34 billion in assets affected by last week's breach, with remaining illiquid holdings still being repurchased. Other crypto firms including Tether, Circle, Ripple and Coinbase moved to freeze or block roughly $3 billion in stolen funds and offered support during the incident.
cnbc.com
· 2026-11-03
Security firms and law enforcement are attempting to trace and recover more than $6.3 billion in cryptocurrency stolen from Binance, with TRM Labs and Chainalysis attributing the breach to North Korean hacking group TraderTraitor. Binance says it will cover user losses through its Secure Asset Fund for Users, while stablecoin issuers Circle and Tether have frozen roughly $3 billion of the stolen funds.
cnbc.com
· 2026-10-30
On October 29, 2026, an attacker drained roughly $6.36 billion from Binance wallets across ten blockchains, with most funds moved in about 20 minutes starting at 20:05 UTC. Binance confirmed a security incident and suspended withdrawals on several networks, while blockchain analysis firm TRM Labs says it has high confidence the theft was carried out by North Korea's TraderTraitor hacking unit. Issuers including Tether, Circle, Ripple and World Liberty Financial froze about $2.67 billion in stablecoins, and Arbitrum's Security Council froze roughly $30 million more, but the attacker still holds over $2.4 billion in ETH and BTC beyond recovery.
trmlabs.com
· 2026-10-30
A U.S. Senate investigation described in the Morning Risk Report found that Iran's regime has made extensive use of Tether's dollar-pegged stablecoin, reportedly to move funds despite sanctions. The report also notes that Washington has extended the start of a 50% tariff rule tied to a China trade truce, and that a prospective House Intelligence Committee chair has said he intends to investigate what he called 'nakedly corrupt dealings.'
wsj.com
· 2026-09-29
The Financial Times reported that the US Department of Justice has seized millions of dollars in bank accounts and crypto wallets connected to Tether Limited, issuer of the Tether stablecoin. The seizures stem from an FBI investigation into Capstone, an unlicensed payment processor accused of running an elder-fraud scheme that funneled illicit funds into crypto, with the money reportedly moving through offshore bank EQIBank, which serviced both Tether and Bitfinex.
futurism.com
· 2026-09-25
Binance is buying $100 million of Circle shares at $80.84 apiece as part of a five-year partnership to promote USDC on its exchange, with the stock subject to a lockup of up to two years. Circle will pay Binance a monthly incentive fee tied to USDC balances held on the platform, and Circle shares rose more than 1% in premarket trading following the announcement.
cnbc.com
· 2026-09-22
Crypto firms building stablecoin payment systems are introducing dispute-resolution and reversal mechanisms similar to chargebacks used in traditional banking. This marks a shift from the original crypto ethos of irreversible, permissionless transactions toward systems that rely on third-party intermediaries to resolve fraud and errors.
gizmodo.com
· 2026-09-14
Donald Trump's federal financial disclosure for 2025 reports roughly $1.436 billion in crypto-related income and proceeds, drawn from CIC Digital, DT Marks Defi and stablecoin ventures tied to World Liberty. A separate Reuters analysis puts total profit from Trump family crypto ventures at over $2.3 billion between mid-2024 and April 2026, though the White House denies any conflict of interest, saying his children manage the businesses while he remains the beneficiary.
thepricer.org
· 2026-09-14
Zach Witkoff, CEO of Trump-linked World Liberty Financial, said USD1's trading volume and adoption prove the stablecoin has genuine utility unrelated to political favoritism. He cited over $4 billion in circulation and daily trading volumes exceeding $1 billion, dismissing suggestions the token could be used to funnel money to the Trump family.
cnbc.com
· 2026-08-25
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