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The Token2049 conference in Singapore attracted some of the biggest names in crypto, and some of them, unsurprisingly, took the opportunity to pump their own bags. According to some attendees who watched Arthur Hayes’ speech at the conference on Wednesday, the ex-BitMEX CEO took nearly 30 minutes of stage time to promote one of his favorite crypto projects, Pendle. On Friday, he sent over a million dollars of Pendle to his accounts at Binance and ByBit. Because centralized exchanges like Binance and ByBit commingle customer assets together, preventing absolute confirmation of what occurred, many people interpreted the transfer as an indication that Hayes sold those tokens . This is why @CryptoHayes is my daddy pic.twitter.com/wewtj8hLi1 — Pendle Intern (@PendleIntern) September 18, 2024 Reactions to Arthur Hayes’ Pendle trade Reactions to the transfer were immediate. Several made reference to Hayes’ iconic, underhanded exclamation, “Yahtzee!” while another said, “T...

EBA extends AML guidelines to CASPs, addressing ML/TF risks in crypto transactions. Guidelines provide risk factors and mitigating measures, urging blockchain analytics use. Interconnected financial sector necessitates guidance for institutions dealing with CASPs. In a momentous move to combat financial crimes, the Europe an Banking Authority (EBA) has extended its Guidelines on Money laundering (ML) and terrorist financing (TF) risk factors to encompass crypto -asset service providers (CASPs). The new guidelines, effective from December 30, 2024, aim to harmonize anti- Money laundering (AML) and countering the financing of terrorism (CFT) efforts across the Europe an Union (EU). EBA guidance for crypto-asset service providers The EBA’s latest directive emphasizes the growing risks associated with crypto transactions, underscoring the potential for abuse in terms of money laundering and terrorist financing. CASPs, involved in crypto-asset transfers,...

Co-founder Rodriguez and senior promoters Millan, Aguilar and Chairez all recently pled guilty to the charges, while the other founder, Dos Santos pled guilty in October, 2021. Six people involved in a cryptocurrency “Ponzi scheme” that raked in about $100 million over five years have pled guilty to a series of fraud and money laundering charges, each carrying a maximum sentence of 20 to 30 years of prison. One of the founders of “AirBit Club,” Pablo Renato Rodriguez, was the latest to plead guilty to wire Fraud conspiracy charges on Mar. 8. According to a Mar. 8 statement from the United States Department of Justice (DOJ), AirBit Club was a fake cryptocurrency mining and trading company operating between 2015 to 2020, where executives and promoters induced victim investors into believing that they’d make guaranteed passive income and profits on any membership purchased. Operators and attorney of global multi-million-dollar cryptocurrency Ponzi scheme “AirBit Club” plead guiltyhttp...