KYC

Alexey Pertsev, the creator of Tornado Cash, has been convicted of laundering $1.2B and sentenced to 64 months in jail, signalling potentially far-reaching consequences for developers working on open-source code projects.

As regulatory pressure mounts, an increasing number of privacy-centric cryptocurrency services are either discontinuing their operations or restricting access for users based in the US.

Chinese police arrest an identity forger involved in StarkNet cryptocurrency airdrop, who illegally obtained tokens and then converted them into USDT stablecoins.

US senators are urging renewed attention to the role of crypto in financing the purchase of child sexual abuse materials online, highlighting an issue they argue has escalated.

Since adopting crypto donations, two out of the three leading charities based in the US have amassed over $2 billion in contributions since the beginning of the year.

OnlyFake, an underground website, uses advanced neural networks to create lifelike fake IDs, challenging cybersecurity and ID verification, and posing significant risks to financial and online security.

OKX's weak verification methods, coupled with platforms like OnlyFake, raise concerns over widespread identity fraud in online transactions.

Ankr's latest release, "Ankr Verify," redefines Web3 authentication by combining KYC compliance with zero-knowledge identity verification. The tool prioritizes user privacy and compliance, offering a seamless experience across decentralized platforms. With its innovative approach, Ankr Verify opens avenues for government-sanctioned Web3 use cases, showcasing Ankr's commitment to advancing blockchain technology.

The funds were also connected to a "pig butchering" scam that cost U.S. citizens $3.3 billion in 2022, as per the FBI.

Policy Exchange recently released a comprehensive report on Web3, featuring ten meticulously crafted proposals for the UK government's consideration.