Iranians were able to access more than 1,500 Binance accounts last year, and $1.7 billion was transferred from two of them to terrorist proxies, The New York Times reported Monday.
Crypto
DREA Exchange Leading the Cryptocurrency Market – Empowering Technology
In recent years, the development of the cryptocurrency market has been thriving. In this burgeoning industry, the DREA exchange, with its outstanding technical capabilities and innovative business strategies, is becoming a leader in the industry.
Since the beginning of 2023, the cryptocurrency market has gradually shown a trend of more stable price fluctuations. This is mainly due to the continuous emergence of financial derivative products such as spot Bitcoin ETFs, which have injected more liquidity and vitality into the entire market. Data shows that since the beginning of 2023, the volatility of Bitcoin prices has been maintained below 50%, which means that Bitcoin is gradually growing into a more mature and stable asset class.
Image: https://lh3.googleusercontent.com/pw/AP1GczODngM8pfryYnGkvf4H9HU0W_C6PLikSXTMN9oTuFGK6JyrorvfUGnTZ7UbSmPeN0uFt-bGzp4rJMNi-OTcnUL0cUCoz0NekKZC4hvmod0eDW6scr-QxZKeO2HZwMDJSY8ta2T1UZZEPdFsDorF2OtN=w517-h509-s-no-gm?authuser=0%20
As an industry leader, the DREA exchange has promptly grasped this market trend and provided users with an exceptional cryptocurrency trading experience. The exchange has won widespread recognition in the industry thanks to its outstanding security and advanced technological innovations.
The DREA exchange has an experienced team of cryptocurrency technology experts who are constantly optimizing the performance and stability of the trading system to ensure the security of user transactions and assets. At the same time, DREA exchange is developing more advanced quantitative trading robots and artificial intelligence analysis engines to enhance the trading experience and investment returns for users.
It is worth mentioning that in the past, many cryptocurrency investors often had to spend a lot of time and effort manually adjusting their investment portfolios. But with the digital asset management function of the DREA exchange, investors only need to set their own risk preferences, and the system can automatically adjust based on market changes, significantly improving investment efficiency. DREA exchange recently launched a brand new digital asset management function, providing users with a one-stop asset management solution.
In addition to technical capabilities, the DREA exchange is also keeping up in business expansion. The exchange is constantly expanding its global footprint, providing users with more convenient and efficient cross-border trading services. Currently, DREA exchange has set up operating centers in more than 10 countries and regions around the world, providing localized trading services for local users. At the same time, DREA exchange has also established good cooperation relationships with regulatory authorities in various regions to ensure its compliant business operations, further winning the trust of users.
Driven by both technological innovation and business expansion, the influence of the DREA exchange is constantly expanding. The exchange not only occupies an important position in the cryptocurrency spot trading field, but is also venturing into emerging fields such as digital asset derivatives trading and digital asset management, providing users with more comprehensive financial services.
In addition, DREA exchange will also increase its investment in social responsibility. The exchange will actively participate in public welfare and charity activities, and is committed to promoting the healthy development of the cryptocurrency industry. For example, DREA exchange will cooperate with local universities to carry out cryptocurrency-related education and training, helping more people understand and master the knowledge of this emerging field. At the same time, DREA exchange will continue to support relevant research on the cryptocurrency industry, and provide suggestions and opinions for the government to formulate regulatory policies.
With its innovative operating strategies and advanced technical capabilities, DREA exchange is becoming the leader in the cryptocurrency trading market. The exchange not only provides users with an exceptional trading experience, but also actively fulfills the social responsibility of industry development, which will inject new momentum into this constantly evolving market and promote the healthy and orderly development of the cryptocurrency industry.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: DREA Exchange
Email: Send Email [http://www.universalpressrelease.com/?pr=drea-exchange-leading-the-cryptocurrency-market-empowering-technology]
Address:7 Victoria Road
City: East Central
State: London
Country: United Kingdom
Website: https://www.drea.band
This release was published on openPR.
Crypto
Debate Brews Over Crypto Kiosks As Lawmakers Consider Potential Ban
Lawmakers Consider Crypto ATM Ban as Scam Losses Rise — Including in Central Minnesota
Minnesota lawmakers are considering banning cryptocurrency kiosks as scam losses continue to rise across the state—including in Central Minnesota.
There are currently about 350 crypto kiosks operating statewide, located in places like gas stations, convenience stores, and grocery stores. These machines allow users to deposit cash and convert it into cryptocurrency, which can then be sent electronically.
Law enforcement officials say scammers are increasingly directing victims to use these kiosks because once the money is sent, it is extremely difficult—if not impossible—to recover.
Police say scams often begin with a phone call, text, or online message. In many cases, scammers pose as government officials, tech support workers, or even romantic partners. Victims are eventually told to withdraw cash and deposit it into a crypto kiosk to “protect” their money or resolve a supposed emergency.
Central Minnesota has seen similar cases. Because St. Cloud serves as a regional hub for shopping and services, crypto kiosks are available locally, giving scammers access points to target area residents.
Some say kiosks also serve legitimate users
Despite the concerns, crypto kiosks do offer legitimate benefits. They allow people to purchase cryptocurrency quickly using cash, without needing a traditional bank account, credit card, or online exchange. Supporters say this can make cryptocurrency more accessible, especially for people who prefer cash transactions or have limited access to banking services.
Crypto kiosks can also be used to send money quickly, including international transfers, without relying on traditional wire services. Some users view them as a convenient way to invest in cryptocurrency or move money electronically without going through a bank.
Companies that operate the machines say the vast majority of transactions are legitimate and that kiosks include warnings about scams. They argue the focus should be on stopping scammers, not banning the machines entirely.
Lawmakers weighing next steps
Supporters of the proposed ban say removing the kiosks could help prevent fraud and protect vulnerable residents, particularly older adults. Law enforcement officials told lawmakers that crypto kiosk scams have resulted in significant financial losses statewide.
Minnesota passed regulations in 2024 requiring some safeguards, including limits on deposits for new users and refund requirements in certain fraud cases. But officials say scammers have continued to adapt.
The bill remains under consideration at the Capitol.
In the meantime, authorities urge Central Minnesota residents to be cautious. Officials emphasize that legitimate government agencies, law enforcement, and businesses will never ask someone to deposit cash into a cryptocurrency kiosk.
As cryptocurrency becomes more common, lawmakers are now weighing whether the risks to consumers outweigh the convenience and accessibility these machines provide.
10 (More) Hilariously Bad Google Reviews of Central MN Landmarks
Crypto
Cryptocurrency Investment Fraud: Bizman loses Rs 2.6 cr to crypto, investment fraud | Hyderabad News – The Times of India
Hyderabad: A 69-year-old businessman from Somajiguda lost 2.65 crore allegedly in a cryptocurrency and stock investment fraud. Based on his complaint, Hyderabad Cyber Crime police have registered a case.The complainant was first contacted by a fraudster posing as Ramya Krishnan on Aug 30, 2025 through Facebook. She persuaded the victim to invest in a cryptocurrency and stock trading platform, Polyus Finance PFP Gold, hosted at the domain pfpgoldfx.vip, promising high returns to finance his proposed resort and apparel ventures.Fraudsters provided the victim a contact number for daily communication and sent screenshots showing notional profits credited in his wallet in USDT cryptocurrency. To build trust, the fraudster even allowed the victim a token withdrawal of 4,300 on Sept 12, 2025.Encouraged, the victim transferred over 2.65 crore in 10 transactions between Sept 10 and Dec 39, 2025 to various current accounts provided by the accused.When he attempted to withdraw his ‘earnings’, the accused demanded an additional 15% conversion commission. After he refused, the website became inaccessible and calls to the fraudsters went unanswered.Realising that he was duped, the victim filed an online report on the National Cybercrime Reporting Portal (NCRP) before approaching the Cyber Crime police on Feb 25.Based on his complaint, a case was registered under Sections 66C and 66D of the Information Technology Act and Sections 111(2)(b) (Organised crime), 318(4) (Cheating), 319(2) (Cheating by personation), 336(3) (Forgery for purpose of cheating), 338 (Forgery of valuable security, will, etc.) and 340(2) (Using as genuine a forged document or electronic record) of the Bharatiya Nyaya Sanhita on Wednesday. Police were analysing financial transactions to identify and arrest the accused.
Crypto
Terror groups receive $1.7b. from Iran through Binance | The Jerusalem Post
That was a potential violation of global sanctions, the report said, citing company records and documents collected by internal investigators.
The cryptocurrency exchange site reportedly fired or suspended at least four employees cited in the internal investigation. The company blamed “violations of company protocol” relating to its clients’ data, the Times reported.
The report came days after The Jerusalem Post spoke with experts from blockchain intelligence platform NOMINIS.io about how the Iranian regime was evading Western sanctions through cryptocurrencies.
The regime maintains a steady income using cryptocurrency through oil sales to Russia and China, NOMINIS CEO Snir Levi said at the time.
Regarding the latest scandal, he told the Post this week: “The latest allegations about Binance come months after the lawsuit by the victims’ families of October 7 – the ongoing Balva [versus] Binance case.
The majority of the allegations can be easily confirmed by on-chain data. There are thousands of cases where money has been sent and received to and from wallets that have clear connections to Iran.”
Binance founder Changpeng Zhao is being sued by the families of American victims and hostages of the October 7 massacre. He has been accused of knowingly enabling Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Islamic Revolutionary Guard Corps to transfer more than $1b. through its platform, including more than $50 million after the October 7 massacre.
Zhao pleaded guilty to anti-money-laundering violations in connection with Binance in 2023. US President Donald Trump pardoned him last October.
“They say what he did was not even a crime,” Trump told reporters last October. “It wasn’t a crime. That he was persecuted by the Biden administration, and so I gave him a pardon at the request of a lot of very good people.”
Binance representative Rachel Conlan said the accounts linked to the $1.7b. in Iranian transactions have been removed and the relevant authorities were informed.
“Any suggestion that Binance knowingly allowed sanctionable activity to continue unchecked is incorrect and defamatory,” she said, despite Zhao’s earlier admission of anti-money-laundering violations.
More than half a dozen compliance officials have left Binance, including a sanctions manager and the leader of the enterprise compliance team, over the past few months, the Times reported.
“No investigator was dismissed for raising compliance concerns or for reporting potential sanctions issues,” Conlan said in a statement to The Guardian.
Democrat senator opens inquiry into cryptocurrency company
While Conlan insisted there was no wrongdoing, US Sen. Richard Blumenthal (D-Connecticut) opened an inquiry into Binance on Tuesday, seeking records of the company’s dealings in Hong Kong , where funds have previously been transferred in a network against sanctions.
“Binance appears to have ignored warnings and recommendations to prevent Iranian money-laundering schemes on its cryptocurrency exchange,” Blumenthal wrote in a letter to Binance co-chief executive Richard Teng.
“According to documents obtained by the Times and the Journal, Binance was even warned that Hexa Whale was financing terrorist organizations such as the Yemeni Houthis, and internal investigators found cryptocurrency transfers to wallets associated with Iran’s Islamic Revolutionary Guards Corps and payments to crew members of Russia’s sanctions-evading shadow fleet of oil tankers,” he wrote.
“Instead of actually preventing illicit use, Binance has sought to evade accountability and influence the White House through lobbying and a financial partnership with World Liberty Financial (WLFI), the cryptocurrency firm owned by the sons of President Trump and his special envoy Steve Witkoff… This influence campaign has worked: In May 2025, the Securities and Exchange Commission announced that it was dismissing a lawsuit against Binance for lying to regulators and mishandling funds, followed in October by the stunning Presidential pardon of founder Changpeng Zhao.”
“The scale of the newly revealed illicit transfers – uncaught until nearly $2 billion flowed to sanctioned entities – and the unexplained firing of internal investigators call into question Binance’s compliance with American sanctions and banking laws, and its 2023 agreement to resolve the previous federal investigation,” Blumenthal wrote.
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