Justice Department Probing Saber Labs Founders Over Solana-Based Projects: Sources

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Justice Department Probing Saber Labs Founders Over Solana-Based Projects: Sources
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SCOOP: The U.S. Department of Justice is investigating the two brothers behind Solana stablecoin exchange Saber, Ian and Dylan Macalinao, according to two people familiar with the matter. realdannynelson reports

The U.S. Department of Justice is investigating the two brothers behind Solana stablecoin exchange Saber Labs, Ian and Dylan Macalinao, according to two people familiar with the matter.that the Macalinao brothers used a web of 11 pseudonymous identities to build an ecosystem of interlocking financial products that double- and triple-counted crypto deposits by passing tokens between themselves.

Investigators are seeking information on the web of crypto projects that orbited Saber, one of the people said. That includes decentralized-finance (

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