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Binance is forcefully rejecting allegations that its internal investigators uncovered more than $1 billion in Iran-linked transactions and were subsequently dismissed.The pushback escalates tensions between the world’s largest crypto exchange and sections of the financial press.Sponsored SponsoredBinance Rejects Allegations and Defends Compliance RecordThe controversy stems from a February 13 investigative report by Fortune, which alleged that compliance investigators identified over $1 billion in transactions tied to Iranian entities between March 2024 and August 2025.The transfers reportedly involved Tether (USDT) on the Tron blockchain, an ecosystem frequently scrutinized by regulators for sanctions-related activity.According to the report, at least five members of…

Strategy founder Michael Saylor has revealed the firm plans to convert its $6 billion in bond debt into equity — a move that reduces debt on the balance sheet.“Strategy can withstand a drawdown in BTC price to $8,000 and still have sufficient assets to fully cover our debt,” stated the firm on X on Sunday, prompting Saylor’s response. The Bitcoin (BTC) treasury company currently holds $49 billion in Bitcoin reserves with a stash of 714,644 BTC. Its convertible debt is around $6 billion, so BTC would need to fall around 88% for the two to be equal, and it still has enough…

PGI’s CEO spent millions on luxury cars, homes, hotels, designer clothing, jewelry, and watches using investor funds. The US Department of Justice announced that Ramil Ventura Palafox, the CEO of Praetorian Group International (PGI), was sentenced to 20 years in prison. Prosecutors stated that Palafox operated a $200 million Bitcoin-based Ponzi scheme that defrauded more than 90,000 investors across the world. Bitcoin Fraud Case According to court documents, Palafox, the 61-year-old dual citizen of the United States and the Philippines, owned and controlled PGI and served as its chairman, chief executive officer, and chief promoter. Prosecutors said Palafox falsely claimed…

As Epstein-linked revelations emerged, new data show crypto payments to suspected trafficking services surged 85% globally in 2025. As global attention remains fixed on the continued release and scrutiny of emails and documents tied to sex trafficker Jeffrey Epstein, attention has turned to how exploitation networks operate and move money. Against this backdrop, a new report from Chainalysis disclosed that cryptocurrency flows to suspected human trafficking-related services surged sharply in 2025. Transaction volumes reached hundreds of millions of dollars, up 85% year-over-year. While the figures quantify financial activity, the report stressed that the true cost of these crimes is borne…

In brief The new powers would ban under-16s from social media, restrict infinite scroll and autoplay, and limit children’s access to VPNs. Former PM Rishi Sunak warned the UK risks becoming “a theme park for historically curious tourists” without faster AI adoption. U.S. attorney Preston Byrne said the GRANITE Act, a proposed American shield law against foreign censorship orders, would be used to counter any UK attempt to target U.S. VPN providers. British Prime Minister Keir Starmer announced he will go to Parliament to seek new powers to regulate AI chatbots, and he’s ready for a fight with the companies…

Stani Kulechov, the founder of decentralized lending platform Aave, said DeFi could benefit from $50 trillion worth of “abundance assets” such as solar through tokenization by 2050, opening a new class of onchain collateral.Data from RWA.xyz shows that nearly $25 billion worth of real-world assets have been tokenized onchain, but they are mostly in the form of US Treasury bonds, stocks, commodities, private credit and real estate.In a post to X on Sunday, Kulechov said he expects these scarce assets to continue growing but that the “biggest impact from tokenization can be achieved by tokenizing abundance assets.”“Capital is hungry for…

Major Bitcoin-holding institutions may eventually lose patience with Bitcoin developers for not addressing quantum computing concerns quickly enough, according to venture capitalist Nic Carter.“I think the big institutions that now exist in Bitcoin, they will get fed up, and they will fire the devs and put in new devs,” Carter said during the Bits and Bips podcast episode published on Thursday.“I think the devs will continue to do nothing,” Carter said. Source: Cointelegraph“If you’re BlackRock and you have billions of dollars of client assets in this thing and its problems aren’t being addressed, what choice do you have?” he said. “Corporate…

Despite pleading guilty to serious AML violations, Paxful received a reduced $4 million penalty instead of the $112.5 million figure agreed by the parties. Peer-to-peer virtual asset trading platform Paxful has been sentenced to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, according to an official press release from the US Department of Justice. The sentence follows Paxful’s admission that it conspired to promote illegal prostitution, violated the Bank Secrecy Act, and knowingly transmitted funds derived from criminal activity. Illicit Crypto Flows The penalty was determined based on the company’s ability to pay. Federal authorities…

Compound was an OG of DeFi lending, but missteps have knocked it off its perch.Compound was once the default answer for crypto lending in decentralized finance. Launched in 2018 by Robert Leshner and Geoffrey Hayes, the protocol lets users earn interest or borrow assets directly on Ethereum, in a fully decentralized manner, without banks or brokers.For early DeFi users, it felt obvious. The project raised millions in backing from Andreessen Horowitz, Bain Capital Crypto, Paradigm, and Coinbase Ventures.Compound also helped popularize yield farming, especially after launching its governance token, COMP, in 2020, which turned passive users into active participants.By 2021,…

In brief Mark Moran is using a meme coin to help boost his long-shot Senate bid. Moran said he’s trying to motivate degens and connect with voters. The former Wall Street banker is running against a pro-crypto Democrat. Mark Moran may be fresh to politics, but the former reality TV contestant and Wall Street banker is confident that his path to Washington runs through Solana’s trenches.That’s because the 34-year-old, who is challenging incumbent Sen. Mark Warner in Virginia’s Democratic primary, recently embraced a meme coin as a way to elevate his campaign.Moran described the endeavor to Decrypt as an attempt…