[Senator Warren Sends Letter Requesting Investigation into PancakeSwap and DEX National Security Risks] U.S. Senator Elizabeth Warren has sent a letter to Treasury Secretary Scott Bessent and Attorney General Pamela Bondi, requesting an investigation into the potential national security risks of decentralized exchanges, specifically naming PancakeSwap. The letter mentions allegations that PancakeSwap was involved in money laundering by North Korean hackers and transactions related to the stablecoin USD1, which is associated with former U.S. President Donald Trump. According to a report by Allium, approximately $263 million of the $1.4 billion theft at Bybit was laundered through PancakeSwap. Warren has requested both departments to respond by January 12, 2025, regarding the associated risks and measures to prevent conflicts of interest.
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