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ZachXBT accuses Circle of $420M in 'compliance failures' since 2022

ZachXBT has accused Circle, the issuer of USDC, of $420 million in compliance failures since 2022. The allegations include inadequate anti-money laundering (AML) measures and a lack of transparency regarding the source of funds. ZachXBT claims that Circle's practices have allowed illicit activities to occur within its platform. The accusations have raised concerns about the effectiveness of Circle's compliance protocols and the potential regulatory implications for the company. Circle has not yet publicly responded to these allegations.

Read the full article: Coin Telegraph

'We Are Ready to Speak': Drift Beckons North Korea-Linked Hackers Following $285M Exploit

Drift, a decentralized finance platform, has issued an open invitation to North Korea-linked hackers responsible for a recent $285 million exploit to engage in dialogue. The platform aims to negotiate the return of the stolen funds and is willing to discuss the circumstances surrounding the hack. Drift's approach

U.S. March jobs smash expectations, with 178,000 added

In March, the U.S. economy added 178,000 jobs, significantly exceeding expectations. This robust job growth reflects a strong labor market, despite concerns over inflation and interest rates. The unemployment rate remained steady, indicating stability in employment levels. Analysts view this data as a positive sign for economic resilience

Trump’s New Attorney General Held Bitcoin—But Has a Mixed Crypto Track Record

Trump's new Attorney General, who has previously held Bitcoin, has a mixed track record regarding cryptocurrency. While he has shown interest in digital assets, his past actions include supporting regulatory measures that some in the crypto community view as unfavorable. His stance on crypto regulation may influence future

CoinDesk 20 performance update: Bitcoin (BTC) trades flat while altcoins rise

In the latest CoinDesk 20 performance update, Bitcoin (BTC) has shown little movement, trading flat over the past week. In contrast, many altcoins have experienced gains, with several notable cryptocurrencies outperforming BTC. Market analysts attribute the altcoin rally to increased investor interest and positive sentiment surrounding specific projects. Overall, while

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'We Are Ready to Speak': Drift Beckons North Korea-Linked Hackers Following $285M Exploit

U.S. March jobs smash expectations, with 178,000 added

Trump’s New Attorney General Held Bitcoin—But Has a Mixed Crypto Track Record

CoinDesk 20 performance update: Bitcoin (BTC) trades flat while altcoins rise