The El Dorado Task Force, established in 1992, primarily investigates “transnational money laundering” and financial crimes committed by organizations. Thus, the reported investigation into Anchorage could indicate international financial operations. Anchorage was co-founded by Portuguese-American businessman Diogo Mónica and Nathan McCauley. Apart from its US operations, Anchorage also operates in Singapore and Portugal, with investors such as Andreessen Horowitz, Goldman Sachs, and Visa.

As the only federally chartered crypto bank in the United States, Anchorage Digital secured its national trust bank charter from the Office of the Comptroller of the Currency (OCC) in January 2021. Despite its solid regulatory standing, the company has faced regulatory hurdles in the US. In April 2022, the OCC issued a consent order against the bank for inadequacies in its Bank Secrecy Act and Anti-Money Laundering compliance programs. Anchorage Digital was then directed to form a committee to address these alleged issues under OCC oversight.

Since its inception in 2017, Anchorage has been augmenting its cryptocurrency offerings, providing services for institutional clients. Anchorage is one of the custodians of BlackRock’s Bitcoin exchange-traded funds (ETFs), along with Coinbase and BitGo. BlackRock’s BTC funds have seen more than $35.5 billion in total inflows since their January 2024 launch. Anchorage also serves Cantor Fitzgerald, providing custody and collateral management for the company’s Bitcoin holdings since March 2025. The company reported more than $50 billion in assets under management in 2024.

Competing with Anchorage in the digital asset custody space are companies like Ripple, Kraken, Taurus, and Fireblocks. Nevertheless, traditional financial institutions such as HSBC, Citi, and BNY Mellon are also entering the crypto space. A 2025 EY survey revealed that 59% of institutional investors plan to dedicate over 5% of their assets under management to cryptocurrencies, signaling increasing demand for institutional-grade custody services.

The post US Homeland Security Investigates Wall Street-backed Crypto Firm Anchorage Digital appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

In today’s issue, we’ll discuss the shocking price drop of MANTRA’s OM token, the alleged investigation of crypto bank Anchorage Digital by the U.S. Department of Homeland Security, the resumption of Strategy’s bitcoin purchasing, and more. Moreover, Tether is preparing to deploy its hashrate on OCEAN’s decentralized Bitcoin mining pool.

MANTRA’s OM token saw a drastic drop of over 90% within a few hours on Sunday, moving from around $6 to $0.45. This sudden collapse led to widespread concerns about a possible rug pull or hack. The MANTRA team, however, attributed the fall to “hasty liquidations” triggered by a large investor’s forced position closure on a centralized exchange, according to co-founder John Patrick Mullin.

The Layer 1 real-world asset blockchain project has previously faced allegations of controlling large portions of the token’s circulating supply in an attempt to manipulate its price, which Mullin has consistently denied.

The plunge resulted in roughly $70 million in liquidations within 24 hours, with several positions losing over $1 million, as per CoinGlass data. Laser Digital, a significant investor in MANTRA, has denied any involvement in the OM token crash and refuted claims of large-scale sales by its wallets.

The U.S. Department of Homeland Security’s El Dorado Task Force is reportedly investigating Anchorage Digital. While the specifics of the investigation remain unclear, the task force’s mission includes disrupting and dismantling transnational money laundering organizations.

Bitcoin treasury company Strategy (formerly known as MicroStrategy) has recently purchased an additional 3,459 BTC for approximately $285.8 million. JPMorgan’s blockchain division, Kinexys (formerly Onyx), has launched British pound sterling (GBP) blockchain deposit accounts.

Kraken has initiated the rollout of U.S. equities trading in certain states, enabling customers to manage crypto, stocks, and ETFs from a single account in partnership with licensed broker-dealer Alpaca.

As we await the speeches from key financial figures and anticipate token unlocks from Starknet, Onyxcoin, Sei, and EigenLayer, stay tuned to our daily digest for the most influential events across the digital asset ecosystem.

Disclaimer: The information provided in this article is for informational purposes only and is not intended as legal, tax, investment, financial, or other advice.

The post Debacle at MANTRA: OM Token Crash Ignites Liquidations and Accusations, Laser Digital Denies Involvement appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.