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- $225M Crypto Scam Busted 👀
$225M Crypto Scam Busted 👀
The DOJ just made crypto history.
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
🔒 DOJ’s record-breaking $225M crypto seizure
📈 Circle and Coinbase stocks rally post GENIUS Act
🏛️ Why the stablecoin bill could change fintech forever
Source : Datanami
The U.S. Justice Department and Secret Service just busted a massive crypto scam, targeting fake investment platforms run by global fraudsters.
🚨Breaking News:
The DOJ seized $225.3M in crypto from “pig butchering” scams, marking the largest crypto seizure in Secret Service history.
⚡Wire Simplified:
Victims were tricked into fake crypto investments via romance scams
Over 400 victims globally, including dozens in the U.S.
The scam used complex blockchain tricks to hide stolen funds
Tether helped the DOJ trace and freeze the stolen assets
FBI and Secret Service led the investigation using blockchain tools
✔️Straight to the Point:
Romance scammers got too clever. But the DOJ got cleverer. Big win for justice, big lesson for crypto investors.
🧠 Would you trust a stranger online with your investment advice? |
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Source : Shutterstock
Circle (USDC) and Coinbase just popped champagne after the Senate passed the GENIUS Act, bringing stablecoins under U.S. regulation.
🚨Breaking News:
Circle stock jumped 33%, Coinbase rose 16% thanks to the Senate passing a bill that finally gives stablecoins clear rules.
⚡Wire Simplified:
The GENIUS Act creates guardrails for U.S. dollar-backed stablecoins
Circle’s stock is now 6x its IPO price
Coinbase earns 100% interest on USDC held on its platform
A new Coinbase product lets merchants accept stablecoin payments
The bill still needs House approval, but it’s a big crypto win
✔️Straight to the Point:
Crypto’s growing up with real rules, real profits, and real hype. If the House agrees, USDC might dethrone Tether.
The venture market today is crazier than it was in 2021.
And it’s the same players all over again.
— Harry Stebbings (@HarryStebbings)
12:35 PM • Jun 19, 2025
Going to school and getting experience at a job are not mutually exclusive.
The discussion of whether one is better than the other is so dumb.
You can do both:
• Education + experience > education alone.
• Education + experience > experience alone.— Santiago (@svpino)
3:20 PM • Jun 18, 2025
Singapore FinTech Festival 2025
The Singapore FinTech Festival is one of the world's largest FinTech events, bringing together industry leaders, startups, and investors to discuss the future of financial technology. The event features conferences, exhibitions, and networking opportunities.
Date: November 9–13, 2025 | Location: Singapore
European FinTech Summit 2025
This event brings together Europe’s FinTech community to discuss the future of banking, payments, and digital currencies, along with showcasing innovative startups.
Date: June 2025 | Location: Brussels, Belgium
Hong Kong FinTech Week 2025
One of Asia’s premier FinTech events, featuring speakers, panels, and exhibitors showcasing innovations in finance and technology.
Date: November 2025 | Location: Hong Kong
What do you think about today’s edition? |
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