СhangeNOW halts $1.5M in fraudulent transactions claimed to be stolen from Algorand users

ChangeNOW, a non-custodial crypto exchange, reported that its AML system flagged and halted suspicious ALGO token and USDC stablecoin transactions worth about $1.5 million in total. According to ChangeNOW, its risk-prevention and anti-money laundering system detected $1.5 million in suspicious transactions on February 19 involving ALGO tokens and Algorand-based USDC stablecoins, thus preventing the funds from being laundered and lost forever until further investigations could be carried out.