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Chainalysis Investigations Lead Is ‘Unaware’ of Scientific Evidence the Surveillance Software Works
25.7.2023
Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms
17.5.2023
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto...
Feds Seize $34 Million in Crypto From Unidentified Florida Man
5.4.2022
On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet...
$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt
19.6.2021
According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s...
Report Claims the FBI Uses Bitcoin Mixers During BTC Forfeiture Processing
11.4.2021
Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing...
Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million
14.2.2021
Blockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Chainalysis arrived at this conclusion after an investigation found that MTI had taken in $589 million from more than 471,000 deposits. According...
MTI Bitcoins Sent to Privacy Mixers as New Data Breach Exposes the Ponzi Scheme’s Top Earners
10.1.2021
In another twist to the Mirror Trading International (MTI) bitcoin Ponzi scam, the blockchain intelligence firm Whitestream says bitcoins from wallets associated with the company are being sent to Wasabi privacy mixers. According to Whitestream’s update, this pivot to mixers suggests that...
Study: Over 13% of All Proceeds of Crimes in Bitcoin Passed Through Privacy Wallets in 2020
10.12.2020
According to a study published by the blockchain analysis firm Elliptic, over 13% of all proceeds of crime in bitcoin (BTC) were laundered via privacy wallets in 2020, up from 2% from the figures posted in 2019. 13% of All Proceeds of Crimes Leveraging BTC Were Laundered Via Privacy Wallets Dr....
FinCEN Fines Bitcoin-Mixing CEO $60M in Landmark Crackdown on Helix, Coin Ninja
19.10.2020
Larry Dean Harmon ran the first bitcoin mixing services targeted with criminal allegations by U.S. authorities
Darknet Markets Are Mixing Bitcoins at Blistering Pace: Report
15.7.2020
Darknet markets mixed $67 million in bitcoin in Q1 2020, a staggering jump from 2019's Q1 total of $3 million
Bitcoin Use on Darknet Markets Jumps 65% to Over $400 Million in First Quarter
21.5.2020
Bitcoin transactions on darknet markets jumped 65% in value during the first quarter to $411 million, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became less popular...
Developers of Ethereum Privacy Tool Tornado Cash Smash Their Keys
19.5.2020
Developers of ether mixer Tornado Cash have destroyed their admin keys, turning the privacy tool into permissionless code
Ex-Microsoft Engineer Used Bitcoin to Help Embezzle Millions From Tech Giant
27.2.2020
The software engineer used bitcoin mixers to help obfuscate the source of the stolen funds