The operator of the OKX cryptocurrency exchange pleaded guilty on Monday to violating U.S. anti-money laundering laws by operating an unlicensed money transmitting business, and agreed to pay more than $504 million in penalties, federal prosecutors said.

Crypto exchange OKX has agreed to settle a DOJ investigation by paying over half a billion dollars after U.S. customers used its platform.

An affiliate of OKX agreed to pay over $500 million, including $84 million in penalties and approximately $421 million in forfeited fees earned from U.S. customers.

Ken Griffin's Citadel Securities plans to become a liquidity provider—meaning it'll start trading cryptocurrencies on major exchanges like Coinbase and Binance, according to a Bloomberg report.

The SEC Crypto Task Force met with Strategy executive chair Michael Saylor, representatives from the Crypto Council for Innovation and MITRE Corporation to discuss the best approach to regulating crypto assets in the US on Feb. 21.

An OKX subsidiary said it resolved a U.S. DOJ investigation.

Recently, the theft of $1.5 billion from Bybit exchange has reignited security concerns among Web3 industry investors. Privacy and communication security form a critical part of overall safety measures and may even threaten asset security. For instance, Telegram is plagued by widespread phishing attacks and account breaches, leading to significant user asset losses.

Citadel Securities, one of the world's largest market makers, is planning to jump into the crypto space. The firm plans to become a major liquidity provider for the industry, cooperating with leading exchanges.

Loudoun County police in Virginia have seized $1.4 million in cryptocurrency linked to a “pig butchering” scam. The Sheriff's Office confirmed that approximately $1.

Coinbase CEO Brian Armstrong says that memecoins are the canary in the coal mine, foreshadowing a broader trend of the tokenization of culture. In a new interview with CNBC, Armstrong says he expects memecoins to eventually lead to the tokenization of identities, votes and art.

The EU has introduced its 16th sanctions package against Russia, expanding financial restrictions, trade bans, and crypto-related controls. The measures target 83 individuals and entities, Russia's “shadow fleet,” and non-Russian banks using SPFS. Additional restrictions affect Belarus and occupied Ukrainian regions, tightening enforcement on digital assets and alternative financial networks. The post EU Adopts New Sanctions, Including Crypto Restrictions Against Russia appeared first on Cryptonews.

Raoul Pal, co-founder and CEO of Real Vision Group, has drawn parallels between the performance of the crypto market in 2025 and 2017. According to Paul, the macrostructure is "very similar.

Bernstein's research team led by Gautam Chhugani forecasts a cooling in memecoin activity as market focus redirects to utility-focused tokens in DeFi, gaming, and NFTs sectors.

Citadel Securities is reportedly planning to expand into crypto market making, with the aim of providing liquidity on major crypto exchanges, Bloomberg News reported on Feb. 24.

Citadel Securities is reportedly planning to expand into crypto market making, with the aim of providing liquidity on major crypto exchanges, Bloomberg News reported on Feb. 24.

Cryptocurrency exchange Bybit says it has replenished its reserve following a record-breaking $1.5 billion hack. The company announced Monday (Feb. 24) that it had conducted a fresh audit and restored its reserve to a 1:1 ratio within 72 hours of last week's incident.

Citadel Securities is preparing to enter cryptocurrency market-making after the Trump administration has signaled a friendlier regulatory environment. What Happened: The market-making firm is moving to establish itself as a liquidity provider for digital assets, marking a significant change in its approach to cryptocurrency trading, according to a Bloomberg report.

Bloomberg reported that Citadel Securities, led by Ken Griffin, is planning to expand into cryptocurrency trading, capitalizing on President Donald Trump's pro-crypto stance, which is expected to boost the industry. Previously cautious due to regulatory uncertainties, the firm aims to become a liquidity provider for cryptocurrencies and join major exchanges like Coinbase, Binance, and Crypto.com.

The ex-CEO of a small bank reportedly sent shockwaves through a small American community when he fell for an elaborate crypto scam, causing over $47 million in damages and wiping out generational wealth.

A network of groups representing the American financial industry is calling on the White House's crypto czar David Sacks to include federal regulators in the President's Working Group (PWG) on digital assets.

Citadel Securities plans to become a market maker on major crypto exchanges like Coinbase and Binance.

CryptoQuant CEO Ki Young Ju said memecoins are not just speculative assets but manifestations of deep-rooted human psychology that have permeated human cultures throughout history. Ju argued that these digital assets align with Carl Jung's theory of the collective unconscious, which states that recurring symbols and narratives shape human culture and behavior.

Argentine President Javier Milei faces a fraud investigation after promoting a cryptocurrency that collapsed within hours, vaporizing billions in value.

The SEC's newly formed crypto task force has been meeting with influential figures in the crypto space.

The US financial regulator has already closed an investigation into Robinhood Crypto and will reportedly drop its enforcement action against Coinbase.

Binance founder Changpeng Zhao (CZ) has revealed the breakdown of his crypto investment portfolio, showing one asset is by far his largest holding. According to a new post on Binance Square, 98.48% of Zhao's crypto portfolio is in BNB, the native asset of Binance. His portfolio also consists of 1.

The Nigerian government alleged that Binance caused economic damages after crashing the country's fiat currency.

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In December, DekaBank also obtained a crypto custody license from BaFin and the ECB, further strengthening its position in digital asset services. The post Germany's DekaBank Joins Crypto Market with Institutional-Only Services appeared first on Cryptonews.

The U.S. Securities and Exchange Commission's (SEC) newly formed Crypto Task Force has begun engaging with key industry figures, including Strategy founder Michael Saylor, to shape a regulatory framework for digital assets.

Citadel Securities, which boasts $65 billion in assets under management, is reportedly considering venturing into cryptocurrency trading, according to a recent report by Bloomberg.

The SEC's recent decision to end its investigation into Robinhood Crypto, coupled with the dismissal of its lawsuit against Coinbase, signals a significant shift in regulatory attitudes toward digital assets under the current administration. This development not only alleviates legal uncertainties for major crypto platforms but also paves the way for clearer guidelines and a more favorable environment for cryptocurrency innovation in the United States. The post Robinhood Says SEC Has Dismissed Crypto Investigation appeared first on Cryptonews.

DekaBank, managing $395 billion in assets, launches cryptocurrency trading and custody services for institutional clients, marking a significant step in integrating traditional finance with digital assets.

One 25-year-old man said at the time that he invested just over $5,000 in Coin ZX after attending a seminar on multi-level marketing.

CertiK detected the Infini hack, revealing a rogue ex-developer used Tornado Cash for funding before exploiting retained admin rights.

Michael Saylor, executive chairman of Strategy (NASDAQ:MSTR), presented his “Digital Assets Framework, Principles, and Opportunity for the United States” document to the SEC Crypto Task Force on Friday, outlining a strategy to integrate digital assets into the U.S. economy. What Happened: Shared via social media, the framework aims to position the U.S. as a leader in the global digital economy, according to posts on X.

Citadel Securities, one of the largest market makers in the financial world, is making a bold move into the cryptocurrency space. Led by Ken Griffin, the firm is betting on President Trump's support to drive a boom in digital assets and plans to become a key player in the market.

The Singapore-based crypto exchange Bybit is offering a large bounty for information that could lead to the recovery of the funds that were stolen in a major hack. Last week, hackers manipulated a transfer executed by one of Bybit's Ethereum (ETH) cold wallets.

The SEC has been making moves to re-evaluate its approach to regulating crypto after years of a "regulation by enforcement" approach.

After withstanding the largest crypto hacks, Bybit has announced a $1 million investment in EthicHub, a blockchain-based platform dedicated to empowering smallholder coffee farmers in emerging markets. Unveiled on February 24, 2025, this impactful move underscores the cryptocurrency exchange's resilience and its commitment to leveraging blockchain technology for social good.

“We've seen this play out repeatedly, yet projects still underestimate how critical it is to lock down access," QuillAudits told Decrypt.

Adam Back, co-founder of Blockstream, has criticized Ethereum's ETH Virtual Machine (EVM), arguing that its design is responsible for repeated security breaches, including the recent $1.4 billion hack at Bybit.

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time.

From aid payments to protection against hyperinflation, tokenization can benefit millions, says the Stellar Development Foundation.

Citadel's crypto entry could reshape market dynamics, influencing regulatory frameworks and institutional adoption in the evolving digital asset space. The post Market-making giant Citadel Securities to explore crypto liquidity services, spurred by Trump's support appeared first on Crypto Briefing.

Over time, Ju has viewed meme coins through several lenses, including that of art markets. Now, he believes they are archetypes of the collective unconscious.

In a latest update, Fox Business Journalist Eleanor Terrett shared that Michael Saylor met with the SEC Crypto Task Force on Friday. The U.S. Securities and Exchange Commission (SEC) recently held discussions with Saylor, Executive Chairman of Strategy, to explore the establishment of a comprehensive framework for digital assets.