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Treasury Secretary Scott Bessent takes steps to eliminate tax benefits and cross-border money transfers for illegal migrants

Treasury Secretary Scott Bessent takes steps to eliminate tax benefits and cross-border money transfers for illegal migrants

Treasury Secretary Scott Bessent announced on Friday that the Trump administration plans to prevent illegal immigrants from receiving federal tax benefits and using money transfer services. “At the direction of President Trump, we are working to exclude illegal aliens from federal benefits while ensuring they remain available for U.S. citizens,” Bessent shared. As part of […]

Monad Faces Fake Token Transfers Days After Mainnet Launch

Monad Faces Fake Token Transfers Days After Mainnet Launch

Simply put Users of Monad began reporting spoofed token transfers soon after the mainnet and MON token were launched on Monday. As explained by Monad’s CTO and co-founder, attackers used deceptive ERC-20 events that were mistaken for legitimate transactions. This incident coincided with a spike in MON trading, drawing renewed interest in the blockchain. Just […]

Iran illegally transfers $1 billion to Hezbollah despite strict global sanctions

Iran illegally transfers $1 billion to Hezbollah despite strict global sanctions

Iran’s Support for Hezbollah Persists Despite Sanctions The Iranian government has reportedly smuggled over $1 billion to Hezbollah this year, despite facing strict sanctions, as disclosed by high-ranking officials from the U.S. Treasury Department. John Hurley, the Undersecretary for Terrorism and Financial Intelligence, noted that Iran is still working with its proxies across the Middle […]

Samourai Wallet Creator Given 5-Year Prison Sentence for Unauthorized Money Transfers

Samourai Wallet Creator Given 5-Year Prison Sentence for Unauthorized Money Transfers

Samourai Wallet Developer Sentenced to Five Years in Prison In a recent ruling, Keonne Rodriguez, a developer of the Samourai Wallet, received a five-year prison sentence for his involvement in establishing a Bitcoin mixing service. Prosecutors claim this service facilitated the laundering of approximately $237 million in illicit funds. During the sentencing, District Judge Dennis […]

SpaceX Transfers $133 Million in Bitcoin

SpaceX Transfers $133 Million in Bitcoin

Simply put SpaceX transferred over 1,200 BTC, which amounts to more than $133 million, on Friday. This follows a similarly large transfer that occurred earlier in the week. Details regarding the company’s future plans remain undisclosed. Elon Musk’s aerospace venture, SpaceX, moved more than $133 million worth of Bitcoin, as reported by blockchain analytics firm […]

A Inactive Bitcoin Wallet Transfers 400 BTC After Over Ten Years

A Inactive Bitcoin Wallet Transfers 400 BTC After Over Ten Years

Significant Bitcoin Movement Detected This week, a transfer of about 400 BTC to new addresses caught attention. As per Blockchain Tracker, the coins are sent in various transactions, often in batches of 15 BTC. In total, this amounts to around $44 million, based on current market prices. Origin of the Funds It appears these coins […]