A Crypto-fueled Crash, How Blockchain Blunts Sanctions & MBS’ Folly

['Oliver Bullough', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] Coda Story 2025-08-06 12:56:42

Teona TsintsadzeperspectiveA Crypto-fueled Crash, How Blockchain Blunts Sanctions & MBS’ FollyThere are now several books about the 2007-8 financial crisis, the best of which, in my opinion, is Adam Tooze’s ‘Crashed’. Our flagship newsletter connects the dots between viral disinformation, systemic inequity, and the abuse of technology and power. BOOSTING FRAUD WITH BLOCKCHAINBack in May, FinCEN designated Cambodia’s Huione group as being of “Primary Money Laundering Concern”, to reflect its role as the epicentre of fraud in Southeast Asia. But for a marketplace that lives on Telegram and trades on the blockchain, it appears to make little or no difference. A significant proportion also relates to sanctioned activity, including North Korean money laundering,” notes Elliptic.