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Why Crypto's Meme Coins Are Crashing

The crypto meme was strong at the end of 2024 with investors bidding up major tokens like Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe (CRYPTO: PEPE) along with even wilder tokens like dogwifhat, Fartcoin, and Bonk. According to data provided by S&P Global Market Intelligence, at noon ET on Friday, Dogecoin is down 10.4% in the past week, Shiba Inu has dropped 11.7%, and Pepe is down 19.9% in just the last week.

US government charges operators of crypto mixing service used by North Korea and ransomware gangs

On Friday, the U.S. Department of Justice announced the indictments of Russian citizens Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov, accusing them of operating services that helped criminals launder cryptocurrency. The three were allegedly involved in operating Bender.io and Sinbad.io, two cryptocurrency mixers “that served as safe havens for laundering criminally derived funds, including the proceeds of ransomware and wire fraud,” principal deputy