Crypto

Suit alleges that Hong Kong-based Justin Sun engaged in a campaign to ‘torch’ the company’s reputationSign up for the Breaking News US newsletter email World Liberty Financial, the crypto venture co-founded by Donald Trump and his sons, said on Monday it had filed a defamation lawsuit in Florida state court against the Hong Kong-based crypto entrepreneur Justin Sun, as a dispute escalates between the project and one of its most prominent backers.World Liberty posted a copy of its lawsuit on X in which it accused Sun of launching a “public smear campaign”. It alleged that Sun had improperly transferred some of his WLFI tokens that come with voting and governance rights to crypto exchange Binance and, separately, that he had placed bets that WLFI would decline in market value, known as short selling. That was part of a coordinated effort to push the token’s market price down as public trading began in September, the lawsuit alleged. Continue reading...

• Reports indicate Iran may be circumventing international sanctions through cryptocurrency exchanges, with Nobitex allegedly linked to figures close to Supreme Leader Ali Khamenei's circle acting as a key financial conduit for sanctioned entities and individuals. • Blockchain analysis suggests millions of dollars have moved through the platform despite Western restrictions, utilizing advanced obfuscation tactics to obscure transaction trails. • The alleged sanctions evasion exposes enforcement gaps as the Trump administration grapples with containing financial flows from Iran, raising questions about the effectiveness of existing economic pressure campaigns.

Reform leader changed his mind about standing as MP after gift from Thai-based crypto tycoon Christopher HarborneNigel Farage was given £5m by the crypto billionaire Christopher Harborne shortly before announcing he would stand in the 2024 British general election, the Guardian can reveal.Farage had already stated he did not intend to stand as a prospective MP but U-turned within weeks of receiving the personal gift from the Thai-based businessman. Continue reading...

Top buyers promised access at Mar-a-Lago event as Democrats and watchdogs warn of pay-to-play risksDonald Trump is slated to star at a cryptocurrency bash on 25 April at his Mar-a-Lago club for scores of purchasers of his crypto memecoin $Trump that has enriched him while in office. The move is fueling renewed criticism from top Democrats and ethics watchdogs that he is using the presidency for financial gains in a break with ethical norms.The Trump-linked Fight Fight Fight LLC has hyped the event as “THE MOST EXCLUSIVE CRYPTO & BUSINESS CONFERENCE IN THE WORLD”. It’s promising a luncheon with Trump as its keynote speaker, according to the memecoin’s official website and its social media account. Continue reading...

• North Korean-linked hackers executed a $290 million cryptocurrency theft from Kelp DAO, marking the largest digital asset heist of the year and demonstrating persistent threats to blockchain platforms. • The attack underscores vulnerabilities in decentralized finance infrastructure and the sophistication of state-sponsored cybercriminal operations targeting crypto assets. • Security experts warn of escalating coordination between criminal groups and nation-state actors targeting high-value cryptocurrency holdings globally.

Justin Sun said World Liberty Financial built a ‘backdoor blacklisting function’ that froze his account. ‘We have the truth. See you in court,’ the company respondedSign up for the Breaking News US email to get newsletter alerts in your inboxThe largest investor in Donald Trump’s crypto venture has claimed that the firm “secretly” implemented a tool to unilaterally freeze his holdings of its cryptocurrency. He claimed the company could do the same to any other user.In posts on social media platform X on Sunday, crypto entrepreneur Justin Sun said, without offering evidence, that World Liberty Financial had embedded what he described as a “backdoor blacklisting function” in the blockchain-based contracts used for the WLFI tokens. Continue reading...

Promotion of ‘bitcoin treasury’ firm with Kwasi Kwarteng draws new attention to Reform leader’s relations with industryA thumping electronic beat provides the soundtrack to the video as Nigel Farage appears in front of a bank of screens.At first glance, it could be yet another of the Reform UK leader’s “second jobs” – whether promoting gold as a pension fallback or recording Cameo videos. And in a sense, it is: Farage is promoting a £2m cryptocurrency purchase by a company in which he has £215,000 invested, Stack BTC. Continue reading...