The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.
Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
The paper introduces the concept of the "accountability stack", which presents a broad range of regulatory instruments and supervisory tools that target individual accountability.
Rio Tinto paid a former classmate of a Guinean government official for helping it secure mining rights. The consultant later attempted to pay $822,000 to the official.
Alameda accuses Grayscale and its owner Digital Currency Group of "brazen abuse" of their control over nearly USD 19 billion of digital assets held in two trusts.
Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.
Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.