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Tether Helps Dutch and US Authorities Seize $7.8M in Crypto
27.9.2024
Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and...
NY Judge Denies Tornado Cash Developer’s Motion to Dismiss, Trial Set for December
27.9.2024
Roman Storm, a software developer of Tornado Cash, is headed to trial after a New York judge ruled against his motion to dismiss criminal charges. District Judge Katherine Polk Failla rejected Storm’s request to drop charges tied to money laundering and sanctions violations. Russian...
Hong Kong Arrests 25 in HK$7M Crypto Money Laundering Case
27.9.2024
Hong Kong police have cracked down on a crypto laundering group and have arrested 25 people for executing…
US Authorities Bust Billion-Dollar Crypto Laundering Network, Charge 2 Russians
27.9.2024
Two Russian nationals have been charged with running a massive money laundering network that processed billions through cryptocurrency exchanges, the U.S. Department of Justice (DOJ) announced. These exchanges, including Cryptex and Joker’s Stash, enabled criminals to bypass regulations and funnel...
US sanctions Russian crypto platforms for money laundering ties
26.9.2024
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance
WazirX Hacker Is Almost Done Laundering $230M Stolen Funds
25.9.2024
On-chain data shows the hacker, or group of hackers, behind the massive theft is now close to completing the laundering of the stolen funds
Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence
24.9.2024
On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the sentencing. Even though the judge commended her in court...
Bankroll Network DeFi hacked, $50M phisher moves crypto on CoW: Crypto-Sec
23.9.2024
Bankroll Network is reportedly drained of $230,000 through a loan exploit, while a phishing scammer used CoW protocol for laundering
Bankroll Network DeFi hacked, phisher launders crypto on CoW: Crypto-Sec
23.9.2024
Bankroll Network is reportedly drained of $230,000 through a loan exploit, while a phishing scammer used CoW protocol for laundering
US Indicts Two in $260M Bitcoin Heist and Laundering Scheme
23.9.2024
Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end...
FATF Urges India to Strengthen Virtual Asset Regulation
21.9.2024
India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing...
Germany seizes 47 crypto exchanges tied to ‘underground economy’
20.9.2024
German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon
Chinese Tether laundromat, Bhutan enjoys recent Bitcoin boost: Asia Express
20.9.2024
Tether launderers sentenced as Bhutan’s Bitcoin hodling places it as the fourth largest among governments: Asia Express
German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’
19.9.2024
The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering
China’s Anti-Crypto Policies Threaten to Ripple Through Its Gaming Market
19.9.2024
Chinese authorities’ recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP’s Hugh Harsono argues that these measures may affect games like Metacene, which has introduced cryptocurrencies as in-game...
FBI Cracks Down on Illegal Gambling Network Using Fake Crypto
19.9.2024
A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and money laundering. The only function of this crypto...
WazirX Hacker Begins Laundering $11.6M Eth via Tornado Cash
18.9.2024
In the aftermath of the WazirX hack case, the exploiter has recently moved 5,000 Ethereum (ETH) tokens. Moreover,…
Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud
16.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency...
Chinese gov't mulls anti-money laundering law to 'monitor' new fintech
14.9.2024
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024
Chinese gov’t mulls anti-money laundering law to ‘monitor’ new fintech
14.9.2024
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024