EddieJayonCrypto

 26 Aug 24

tl;dr

• Wall Street firms, including Bank of New York Mellon and Truist, are paying a collective $470 million fine for failing to adhere to record-keeping regulations, admitting to using "off-channel" communications.• The Ethereum Foundation’s $94 million transfer of 35,000 ETH to Kraken has caused invest...

• Wall Street firms, including Bank of New York Mellon and Truist, are paying a collective $470 million fine for failing to adhere to record-keeping regulations, admitting to using "off-channel" communications.
• The Ethereum Foundation’s $94 million transfer of 35,000 ETH to Kraken has caused investor unease, though it was part of routine operations and will be executed gradually.
• The DOJ, with Tether’s assistance, has recovered nearly $5 million in crypto stolen from a romance scam, emphasizing ongoing efforts against fraud and illicit crypto activities.
• Starling Bank has apologized to a client for overly stringent verification requirements that led to a blocked transfer of $16,789.
• Shiba Inu is launching a DAO to enhance governance and transparency, integrating real-world utility with its ecosystem through initiatives like Shibarium and a planned Layer-3 blockchain.
• Telegram CEO Pavel Durov's arrest in France over alleged illegal activities has sparked controversy and support from the crypto community, affecting related crypto assets.
• The new "Cthulhu Stealer" malware targets macOS users, stealing sensitive information and crypto wallet details, highlighting the need for vigilant security practices.

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