Money Laundering Fears, DAO Maker Hack Update, SEC's DeFi Scrutiny, and Balancer's Strategy Pivot In this episode of "Web3 Finance Flash," we dive into some of the most pressing issues in the world of cryptocurrency and decentralized finance (DeFi). We begin by exploring the growing concerns of compliance professionals regarding crypto money laundering and the challenges businesses face in combating financial crime. Next, we provide an update on the DAO Maker hack, where $600,000 in stablecoins were sent through Tornado Cash. We then discuss the U.S. Securities and Exchange Commission's (SEC ..read more

In this episode of the podcast, we discuss the latest developments in Web3 finance and the regulatory challenges faced by the industry. We cover the recent burn of 11,500 wBTC worth $260 million and the decline in supply. We also talk about Ripple's chief legal officer calling for the SEC chair's recusal from crypto enforcement cases, Binance's shift towards TrueUSD as Tether and USD Coin use declines, and Hashnote's launch of a regulated DeFi platform. We explore the importance of KYC and AML standards and how regulated DeFi platforms can attract institutional investment in the space ..read more

Welcome to this episode of "Web3 Finance Flash Insights for the Busy Web3 Finance Enthusiast", the podcast presented by CryptoCFOs, the premier members-only community for CPAs, CFOs, Investors, and other finance professionals. First up, we discussed the recent victory for DeFi giant Maker as a US judge dismissed a class-action lawsuit against the platform that alleged it misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020. In other news, on-chain data suggests that Voyager Digital, the CeFi platform that filed for Chapter 11 bankruptcy in ..read more