ChainCatcher news, according to News.bitcoin, the Internal Revenue Service (IRS) of the United States issued a memorandum in October stating that, despite accounts being frozen, cryptocurrency rewards received must still be taxed in the year they are received, even if the holders are later unable to access their funds.The guidance was sent to Michael R. Fiore of the IRS Small Business/Self-Employed Division, which examined a hypothetical taxpayer (referred to as "Taxpayer A") who held cryptocurrency in an account on a bankrupt platform and received rewards, such as staking bonuses, before the account was frozen.

ChainCatcher news, according to official sources, the Hong Kong Securities and Futures Commission announced that under the legal proceedings initiated under Section 213 of the Securities and Futures Ordinance, the Hong Kong High Court has issued a temporary injunction against 11 individuals suspected of manipulating Dingyifeng Holdings Group International Limited. The individuals are prohibited from transferring any assets within Hong Kong or disposing of or handling any assets within Hong Kong in any way, or reducing the value of any assets within Hong Kong, up to a total of 6,353,386,915 HKD.In March of this year, the Shenzhen Office for the Prevention and Handling of Illegal Fundraising issued a statement through the Shenzhen Municipal Bureau of Local Financial Supervision, stating that Dingyifeng International Asset Management Group Limited was promoting the issuance of a DDO digital option within the country, soliciting public subscriptions for investment. This behavior is essentially the issuance and trading of virtual currency, which constitutes illegal financial activity. In early 2024, Dingyifeng attracted attention due to widespread inability to redeem its products.

ChainCatcher message, Radiant Capital has issued a reminder on X regarding the security incident, stating that all users need to take immediate action to protect their wallets.If you have ever interacted with Radiant (or believe you may have), you must immediately revoke authorization for the affected contracts, or you risk having your funds stolen. Please use revoke.cash to protect your assets by removing any permissions to prevent further losses. Radiant will continue to fully track and freeze the stolen funds and work closely with security experts and law enforcement.It is reported that Radiant Capital was previously hacked, resulting in a loss of $53 million.

ChainCatcher news, Tether disclosed on its official website that data shows Tether's reserves are primarily composed of U.S. Treasury bonds, with holdings exceeding $97.6 billion------if Tether were considered a country, its Treasury bond holdings would rank 18th globally, higher than Germany, the UAE, and Australia.Since its establishment, Tether has collaborated with 180 institutions across 45 jurisdictions, freezing approximately 1,850 wallets involved in illegal activities and recovering over $113.8 million in assets. Recently, Tether took decisive action against the notorious North Korean hacker group Lazarus Group, freezing and blacklisting them.

ChainCatcher news, according to Bitcoin.com, the Economic and Financial Crimes Commission (EFCC) of Nigeria has obtained court approval to freeze over $330,000 (5.486 billion naira) of suspicious funds deposited in cryptocurrency users' bank accounts. The agency believes that these bank accounts have contributed to the ongoing devaluation of its national currency.The affected bank accounts are owned by cryptocurrency users trading on global platforms such as KuCoin. The EFCC suspects that the frozen funds were used for malicious cryptocurrency trading to manipulate prices.

ChainCatcher message, according to Whale Alert monitoring, about 30 minutes ago, an address on the Ethereum chain with a balance of 6,323,664 USDT was frozen.

ChainCatcher news, Rune, co-founder of Sky (formerly Maker), stated that Sky's new crypto stablecoin USDS may have a court-like decentralized appeals process as part of its freezing feature.USDS will not have a freezing feature at launch, but it can be upgraded if the governing body decides to add it. If this feature is indeed implemented, users whose USDS are frozen can "leverage the power of decentralized governance to ensure that due process and other matters are conducted transparently."Rune mentioned that it is unclear when or if the USDS freezing feature will go live—however, it requires "very careful legal, political, and regulatory analysis, and clearly a very thorough design process that needs to be completed by the decentralized governance body of Sky."

ChainCatcher news, MakerDAO founder Rune Christensen responded to the discussion about "DAI adding a freeze feature." Christensen stated that, in fact, the new protocol will not have a freeze function at launch, only an upgrade capability. This means that future governance can decide how to implement a mechanism similar to a freeze function based on all data considerations, in order to mitigate various risk factors as much as possible.

ChainCatcher news, according to CoinDesk, Nigerian authorities have frozen $38 million in cryptocurrency, allegedly used to support protests against inflation in the country.National Security Adviser Nuhu Ribadu stated that the government tracked $50 million in cryptocurrency donations and successfully froze $38 million of it. Nigerians have been protesting against rising prices, as the country's currency, the naira, has been continuously depreciating against the dollar for over a year, leading to an inflation rate of 33.2%, the highest in 28 years. Authorities claim that the naira's plight is partly caused by cryptocurrency trading.

ChainCatcher message, WazirX team member Nischal posted on X that the team is actively working on the next steps, including:Preparing a bounty program to help freeze/recover stolen assets;Further discussions on ongoing tracking of fund flows, with industry experts contacted;All other exchanges have been notified. Some have responded, while others have not, and follow-ups are ongoing;Analyzing data to understand the extent of the damage;Committed to further law enforcement and regulatory procedures.

ChainCatcher news, Tether has frozen a TRON wallet TNVaKW containing 29.62 million USD in USDT, suspected to be related to criminal activities and cryptocurrency money laundering.Bitrace analysis indicates that this address is linked to the guarantee business of the Cambodian Huione Group, which is attempting to transfer funds through a new address TQuFSv to evade the freeze. Bitrace warns Web3 practitioners to remain vigilant when engaging in cryptocurrency payment activities, ensuring compliance and due diligence to avoid legal and financial risks.

ChainCatcher message, according to Whale Alert monitoring, a Tron chain address holding 8.5 million USDT was frozen around 23:41 today.

ChainCatcher message, DEX protocol Velocore confirms that the protocol has been attacked, resulting in significant liquidity loss. The protocol's CPMM pool has been affected, but the stable pool remains unaffected, so funds can be withdrawn from our stable pool.Additionally, the team is working with security teams and the foundation and has requested CEX to freeze the stolen assets.According to previous reports, Velocore was attacked on the zkSync and Linea chains, resulting in a loss of approximately 10 million (USD).

ChainCatcher message, according to MistTrack monitoring, Tether has frozen 597,959 USDT in the address 0x1b4 ... e87.This address has received ETH withdrawals from Coinbase.

According to ChainCatcher news, on May 16, the Alex Labs team announced on social media that the Bitcoin Layer 2 developer Alex Labs has successfully frozen over $3.9 million worth of cryptocurrency that was exploited from its BNB Chain bridge. The post stated that the attacker sent the funds to several different centralized exchanges (CEX), and with the cooperation of the exchanges, the funds were frozen.

ChainCatcher message, according to MistTrack monitoring, two hours ago, Circle froze 680,158.7 USDC in two addresses.

ChainCatcher news, according to Cointelegraph, the Central Bank of Nigeria (CBN) has instructed all banks and financial institutions to identify individuals or entities trading with cryptocurrency exchanges and to set these accounts to "Prohibited for Debit" (PND) status within six months. When the PND directive takes effect, account holders are prohibited from debit transactions, meaning they cannot withdraw funds or make payments from the affected accounts.The Central Bank of Nigeria has listed cryptocurrency exchanges that do not have operational licenses in Nigeria, including Bybit, KuCoin, OKX, and Binance. The Central Bank of Nigeria stated that it will crack down on illegal purchases and sales of the stablecoin USDT on these platforms, especially for those using peer-to-peer (P2P) trading.In addition, the Central Bank of Nigeria pointed out that financial institutions are prohibited from engaging in cryptocurrency trading or providing payment services for cryptocurrency exchanges.

ChainCatcher news, according to Cointelegraph, a Tether spokesperson stated that reports indicate Venezuela's state oil company is using its stablecoin to circumvent sanctions, and the company will freeze addresses related to sanctioned entities, committing to halt payments associated with entities sanctioned by the Office of Foreign Assets Control (OFAC).

ChainCatcher message, Ripple co-founder Chris Larsen posted on social media that his personal XRP account (unofficial) was stolen yesterday. He quickly discovered the issue and notified the trading platform to freeze the related addresses, and law enforcement has already intervened.Earlier news, on-chain detective ZachXBT posted on social media earlier today that he monitored that Ripple was suspected of being hacked for 213 million XRP (approximately 112 million USD). The stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, and others.