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US Treasury’s $10B scam warning shows why crypto is racing to police itself

US Treasury’s $10B scam warning shows why crypto is racing to police itself

On June 23, the US Treasury sanctioned nine individuals and 26 entities linked to the Prince Group transnational criminal organization and proposed expanding its Huione Group rule to include H-Pay Service PLC and any successor entity, tying both actions to Southeast Asia scam networks that cost Americans at least $10 billion in 2024.

OPSeC, announced by the DeFi Education Fund in partnership with Security Alliance (SEAL) and Asymmetric Research, frames itself as the credible internal answer to that convergence.

The same day, OPSeC went public with a pledge to harden the industry’s protocols, signing practices, and infrastructure.

In Washington’s legislative vocabulary, crypto fraud, DeFi exploits, stablecoin rails, and laundering…

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