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Bank Runs Hit 22 US Lenders in 2023 As Wave of Panic Sank Silicon Valley Bank: New York Federal Reserve

Bank Runs Hit 22 US Lenders in 2023 As Wave of Panic Sank Silicon Valley Bank: New York Federal Reserve

The collapse of Silicon Valley Bank (SVB) triggered a wave of bank runs at 22 US lenders last year, according to an under-the-radar report from the New York Federal Reserve. Depositors pulled cash from the unnamed banks en masse on March 10th and March 13th, 2023 – with some lenders losing up to 10% of […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

New York Federal Reserve Staff Paper on Tornado Cash Concludes Ethereum Is ‘Not Immune to Censorship and Cooperation’

New York Federal Reserve Staff Paper on Tornado Cash Concludes Ethereum Is ‘Not Immune to Censorship and Cooperation’A staff report published by several New York Federal Reserve employees found that Ethereum “is not immune to censorship and cooperation,” which depends on the roles of several actors across the network. The paper examined how the network performed after Tornado Cash, one of the main mixers in the blockchain, was sanctioned by the OFAC. […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Financial Warfare: Afghan Central Bank’s $10B Confiscated by US, Biden Halts USD Shipments to Afghanistan

Financial Warfare: Afghan Central Bank’s B Confiscated by US, Biden Halts USD Shipments to AfghanistanThe war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left Kabul in great […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces