Telegram answered 900 US requests for user data in 2024: Report

January 7, 2025 Coin Telegraph

Telegram reportedly fulfilled 900 total requests from the US for IP addresses and phone numbers affecting 2,253 users.

The messaging app Telegram fulfilled 900 inquiries from the US requesting personal information about its users, with the majority coming in after CEO Pavel Durov’s arrest in France.

According to a Jan. 7 report from 404 Media, Telegram fulfilled 14 requests for “IP addresses and/or phone numbers” from the US between Jan. 1 and Sept. 30, 2024. However, the platform reportedly responded to 900 total inquiries from the US for the year, affecting 2,253 users, suggesting that the number of requests escalated after October.

On Aug. 24, French authorities arrested Durov over allegations Telegram facilitated criminal activity. The CEO said in October that the platform had been providing IP addresses and phone numbers of alleged criminals to authorities in different countries upon request since 2018 — a policy disclosed in Telegram’s privacy policy.

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Number of Do Kwon’s victims could exceed one million — court filing

January 6, 2025 Coin Telegraph

Coin Telegraph

The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform.

Prosecutors with the United States government overseeing Do Kwon’s criminal case have estimated that the Terraform Labs’ co-founder could potentially have more than one million victims across the world after the collapse of the ecosystem.

In a Jan. 6 filing in the US District Court for the Southern District of New York, Acting US Attorney Daniel Gitner notified the court of the procedures to inform Kwon’s victims of their rights in his criminal case.

According to the US Attorney, the government would set up a website about public proceedings in Kwon’s case as other methods for affording victims their rights were “impracticable.”

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Do Kwon’s superseding indictment includes money laundering charge

January 2, 2025 Coin Telegraph

Coin Telegraph

The Terraform Labs co-founder was indicted on eight felony charges in 2023 but will likely face an additional count for money laundering conspiracy.

The United States Attorney’s Office revealed an additional charge for Terraform Labs co-founder Do Kwon following his extradition from Montenegro: money laundering conspiracy.

In a superseding indictment unsealed on Jan. 2 in the US District Court for the Southern District of New York, US Attorney Damian Williams alleged Kwon conspired with others to commit money laundering.

According to the US Attorney, the Terraform co-founder facilitated transactions of more than $10,000 on the platform “knowing that the property involved in certain financial transactions represented the proceeds of some form of unlawful activity.”

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Members of US Congress backed by crypto PACs to take office on Jan. 3

January 2, 2025 Coin Telegraph

Coin Telegraph

Interest groups suggested that a majority of lawmakers in the US House of Representatives would be “pro-crypto” after the 2024 election.

United States lawmakers who benefitted from support from the cryptocurrency industry in their respective 2024 primaries or elections will soon be sworn into office for the 119th session of Congress.

Crypto executives and political action committees (PACs) like Fairshake and its affiliates poured millions of dollars into media buys to support “pro-crypto” candidates in the 2024 election cycle, which could have contributed to some politicians winning in certain tight races across the country.

One of the most high-profile elections saw Republican Bernie Moreno defeating incumbent Ohio Senator Sherrod Brown by roughly 200,000 votes after the Defend American Jobs PAC spent more than $40 million.

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Do Kwon is in US custody after extradition battle

December 31, 2024 Coin Telegraph

Coin Telegraph

The Terraform Labs co-founder was arrested in Montenegro in 2023 for using falsified travel documents as the courts determined whether he would go to the US or South Korea.

Montenegrin authorities handed over Terraform Labs co-founder Do Kwon to United States law enforcement officers after a months-long fight over where or whether he would be extradited.

In a Dec. 31 X post, Montenegrin Prime Minister Milojko Spajić said Kwon was in US custody, suggesting that he would soon be traveling to the United States to face criminal charges.

The handover happened four days after Montenegrin Justice Minister Bojan Božović approved the Terraform co-founder’s extradition to the US instead of accepting a petition from South Korea, where Kwon also faces charges and holds citizenship.

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Monthly Bitcoin ATM additions in Australia hit 29-month streak

December 29, 2024 Coin Telegraph

2024

Australia has a total of 1,359 Bitcoin ATMs, which is about 3.5% of all crypto ATMs in the world.

Bitcoin automated teller machines (ATMs) in Australia increased monthly for over two years, pushing the number of crypto ATMs in the country near the total number of machines in Europe.

Crypto ATM data tracker Coin ATM Radar shows that in the last 29 months, Australia maintained a net positive addition of Bitcoin ATMs at a stretch. According to the data, Australia has 1,359 ATMs, which account for 3.5% of all Bitcoin ATMs across the globe. While the percentage seems low, Australia ranks third in the number of Bitcoin ATMs globally.

Crypto ATM removed or installed in Australia. Source: Coin ATM Radar

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David Sacks has 2 years to push through meaningful policies — lawyer

December 28, 2024 Coin Telegraph

Coin Telegraph

Republicans currently have a narrow majority in the United States House of Representatives, where the party holds 219 seats.

Recently appointed "AI and crypto czar" David Sacks only has 2 years to push through pro-crypto policies before the 2026 midterm elections in the United States, Joe Doll, the general counsel for NFT marketplace Magic Eden, told Cointelegraph in an interview.

According to Doll, the threat of a gridlocked government could stifle regulations, and the current administration must push through pro-crypto policies while still in control of both chambers of Congress. Doll said:

Trump's numerous appointments of pro-crypto individuals to advisory roles and cabinet positions are widely viewed as a positive development by the crypto community, as the incoming administration promises to pass pro-innovation policies.

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South Korea Teams Up With US To Combat Crypto Heists and Efforts of North Korean-Linked Hackers: Report

December 25, 2024 The Daily Hodl

crypto heists

The United States and South Korea are reportedly partnering in a joint research initiative aimed at strengthening protections against the theft of crypto assets. According to a report by the Yonhap News Agency, the U.S. Department of Homeland Security and the government of South Korea signed an agreement to jointly develop technologies aimed at curbing […]

The post South Korea Teams Up With US To Combat Crypto Heists and Efforts of North Korean-Linked Hackers: Report appeared first on The Daily Hodl.

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Barclays-backed Copper withdraws UK crypto license application

December 20, 2024 Coin Telegraph

Barclays

The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.

Update (Dec. 20, 10:40 am UTC): This article has been updated to include exclusive interview comments from Copper.

Copper Technologies, a cryptocurrency custody firm backed by British multinational bank Barclays, has withdrawn its crypto license application in the United Kingdom.

Copper withdrew its application to register with the UK’s Financial Conduct Authority on Dec. 20, saying it will shift focus to foreign hubs under its new CEO, the firm confirmed to Cointelegraph on Friday.

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Crypto products record 10th consecutive week of inflows at $3.2B

December 16, 2024 Coin Telegraph

Crypto products record 10th consecutive week of inflows at .2B

bitcoin etf

Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.

Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows.

Digital asset investment products saw another $3.2 billion of inflows in the trading week of Dec. 9–13, crypto investment firm CoinShares reported in its latest weekly flows report on Monday, Dec. 16.

This follows a record $3.85 billion in weekly inflows during the previous period, bringing total inflows for 2024 to $44.5 billion.

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