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PayPal is suspending its crypto stablecoin development amidst regulatory concerns in the industry. The payment platform is halting its work on its very own stablecoin following the investigation into Paxos. #crypto2023 #Cryptonews #Stablecoins #paypal

PayPal is suspending its crypto stablecoin development amidst regulatory concerns in the industry.

The payment platform is halting its work on its very own stablecoin following the investigation into Paxos.

#crypto2023 #Cryptonews #Stablecoins #paypal

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Bridge mixes in $300M of North Korean and other tainted crypto. The Avalanche Bridge has retail users firmly in mind and has been widely promoted by Ava Labs. However, for reasons we shall explore, bad actors including North Korean hackers and Russian spies, have deposited almost $300M in tainted and stolen assets into the Avalanche Bridge. Oftentimes the assets have been transferred from dark net markets, mixers, or accounts that are banned by OFAC (Office of Foreign Assets Control). These assets have become co-mingled with bonafide user assets in the pool of assets that Ava Labs maintains. #hackers #avalanchebridge #avalabs #bridges
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