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Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations
28.2.2023
Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” Singh Cooperating...
South Korea to Start Tracking Crypto Transactions in Bid to Crack Down on Money Laundering
30.1.2023
The country will start off using a third-party system while it develops its own software
US Senator Focused on Crypto Money Laundering Crackdown — Urges Congress, Regulators to Take Action
30.1.2023
U.S. Senator Elizabeth Warren has called on Congress to ensure regulators, such as the Securities and Exchange Commission (SEC), have the tools to regulate the crypto industry effectively and crack down on crypto money laundering activities. “The current legal structure essentially holds up...
Binance Identified as Counterparty to Anatoly Legkodymov’s Bitzlato Alleged Money Laundering Scheme
19.1.2023
Binance, the world’s largest crypto exchange by trading volume, has been identified as a counterparty to the little-known exchange Bitzlato, which is now facing money laundering charges in the US.
The controversy surrounding Bitzlato now also involves Binance, after the US Department of...
US Arrests Russian Co-founder of Bitzlato Exchange on Suspicion of Money Laundering Illegal Gambling and Drug Money
19.1.2023
Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been arrested by US authorities for allegedly processing $700 million in illicit funds.
In a January 18 filing, the U.S. Department of Justice said Legkodymov was arrested in Miami on Tuesday on charges...
Nexo hit by Withdrawals Tsunami After Bulgaria Raid Office to Investigate Alleged Money Laundering
13.1.2023
The major crypto lender Nexo has been hit by a tsunami of customer withdrawals after the company’s office in Bulgaria was raided by police.
The raid at Nexo’s Sofia, Bulgaria office happened on Thursday at more than 15 sites across Sofia, Reuters reported. It added that more than...
El Salvador Chivo Wallet Programmer Opens Up About Alleged ID Fraud, Tech and Money Laundering Issues
13.1.2023
A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to help in the handling of the issues, has talked about ID theft, money laundering problems, and...
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria
12.1.2023
According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving...
Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Offenses
12.1.2023
Authorities say they have evidence a Nexo user has been officially declared a terrorist financer
U.S. Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report
7.1.2023
Authorities have not yet brought charges against the company, which has faced intense scrutiny following competitor FTX's collapse in November
Coinbase to Pay $100M to Settle New York Regulators' Anti-Money Laundering Complaints
5.1.2023
The US crypto exchange Coinbase has agreed to shell out a total of $100m to settle a complaint relating to “certain historical shortcomings” in its regulatory compliance work.
The massive amount Coinbase is expected to pay is made up of a $50m penalty to the regulator, as well as another $50m...
Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations
4.1.2023
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s...
Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?
16.12.2022
Ashley Alder, the incoming chair of the UK’s Financial Conduct Authority (FCA), believes crypto firms are “deliberately evasive” and facilitate money laundering, asking for more regulations.
During a virtual meeting, Alder told UK Treasury members on Wednesday that many crypto platforms...
First Mover Americas: Crypto Money-Laundering Bill on the Table
15.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 15, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Sens. Warren and Marshall introduce new money-laundering legislation for crypto
14.12.2022
The senators have created a harsh, sweeping bill to clean up crypto’s AML/KYC act that will benefit from further discussion in the next Congress
US Senators Warren, Marshall Introduce Digital Assets Anti-Money Laundering Bill
14.12.2022
U.S. Senators Elizabeth Warren (D-Mass) and Roger Marshall (R-Kan) are introducing an act to crack down on money laundering and financing of terrorists and rogue nations via cryptocurrency
Binance CEO Could be Facing Money Laundering Charges
13.12.2022
Binance and its CEO and founder Changpeng Zhao, better known as CZ, could reportedly be facing charges for money laundering conspiracy and other violations in the US....
Read More: Binance CEO Could be Facing Money Laundering Charges
Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering Case, KuCoin's and ByBit's Proofs of Reserves
12.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Alameda Research Ex-CEO Hires a Former SEC Chief to Defend Her, 63 Arrested in Crypto Money Laundering...
US Prosecutors Look to Charge Binance and CZ on Possible Money Laundering Violations: Reuters
12.12.2022
The Department of Justice has also discussed possible plea deal with Binance's lawyers, the report added
OneCoin Co-Conspirator Frank Schneider Faces Money-Laundering Charges
7.12.2022
OneCoin was a $4 billion ponzi scheme