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US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering
25.4.2024
American authorities have charged crypto mixer Samourai Wallet founders for allegedly operating an unlicensed money transmitting business.
The post US Authorities Arrest and Charge Samourai Wallet Founders for Money Laundering appeared first on Cryptonews
Samourai Wallet Founders Arrested and Charged With Money Laundering
24.4.2024
Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide...
Indonesian President Cautions Against Crypto in Money Laundering Risks
24.4.2024
Indonesian President Joko Widodo highlights the significant risks of money laundering through crypto asset and NFT transactions, citing $8.6 billion in suspicious activities in 2021.
The post Indonesian President Cautions Against Crypto in Money Laundering Risks appeared first on Cryptonews
Binance Founder Changpeng Zhao Faces 3-Year Prison Sentence for Money Laundering
24.4.2024
US prosecutors are pushing for a 3-year prison sentence for Binance founder Changpeng Zhao, who is set to be sentenced on April 30 in Seattle.
The post Binance Founder Changpeng Zhao Faces 3-Year Prison Sentence for Money Laundering appeared first on Cryptonews
Binance founder should be jailed for 36 months, US prosecutors say
24.4.2024
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023
Indonesian President Joko Widodo Warns of Money Laundering via Crypto and NFTs
24.4.2024
Indonesian President Joko Widodo warned the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of crypto and non-fungible tokens (NFTs) for money laundering during a speech last Wednesday at the 22nd Anniversary of the National Movement for Anti-Money Laundering...
Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe
23.4.2024
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk
Thailand Set to Block Access to Unlicensed Crypto Platforms
22.4.2024
Thailand is poised to restrict access to unauthorized crypto platforms. The move is driven by concerns over law enforcement effectiveness and the potential for money laundering.
The post Thailand Set to Block Access to Unlicensed Crypto Platforms appeared first on Cryptonews
Cities: Skylines 2 Botches Beachfront DLC So Badly Players Are Getting Their Money Back
19.4.2024
The makers of Cities: Skylines II have pledged to focus on fixing the base game after fans revolted against a disappointing paid DLC. The $10 Beachfront Properties pack scored a stunning 96 percent negative rating in Steam reviews and now the companies behind the urban planning sim have apologized...
Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation
19.4.2024
Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large...
Overwatch 2 Will Let You Buy Old Mythic Skins—For A Lot Of Money
16.4.2024
Overwatch 2’s tenth season begins today, April 16, and it’s bringing a new hero, a new limited-time event, and also a new way to earn Mythic Skins, the rare, customizable skins you can get through progressing through the entire premium battle pass. It’s a nice change for folks who haven’t bought...
Man Charged in ‘Cryptojacking’ Scheme for Stealing Cloud Computing to Mine $1M in Crypto
16.4.2024
US prosecutors have charged a man with wire fraud and money laundering in connection with a large-scale illegal 'cryptojacking' operation.
The post Man Charged in ‘Cryptojacking’ Scheme for Stealing Cloud Computing to Mine $1M in Crypto appeared first on Cryptonews
Free Money? Polymarket Bet Pays 8% if China Doesn't Invade Taiwan
15.4.2024
Betting against that outcome could yield almost 8x as much as Taiwan government bonds. Plus: Mideast turmoil barely changes presidential odds
Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners
15.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils...
Chinese Fraud Victims Seek Government Aid in Recovering 61,000 BTC Seized by UK Law Enforcement
14.4.2024
A group of Chinese victims of a $6 billion fraud scheme have requested assistance from their country’s foreign ministry in recovering 61,000 bitcoins, seized from a fraudster and her associate. The fraud victims have strongly opposed attempts to transfer the ownership of these bitcoins to the U.K....
Fraud Victims Call on China to Assist in Recovering $4.3B Bitcoin Seized by UK Police
12.4.2024
The victims of an investment fraud scheme have called on China to negotiate with the UK government to recover 61,000 Bitcoin seized in a money laundering investigation, valued at $4.3 billion at the time of publication.
The post Fraud Victims Call on China to Assist in Recovering $4.3B Bitcoin...
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
12.4.2024
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami,...
Venezuelan Prosecutors Arrest Former Vice President in ‘Crypto Plot’ Probe
11.4.2024
Venezuelan prosecutors say they have arrested former Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to embezzle money from state oil sales.
The post Venezuelan Prosecutors Arrest Former Vice President in ‘Crypto Plot’ Probe appeared first on Cryptonews
Founder of Taiwan’s Ace Exchange Indicted in $10.7M Fraud Case
10.4.2024
On April 8, a Taiwanese court charged David Pan, the founder of Ace Exchange, and six other people on allegations of money laundering and cryptocurrency fraud involving digital currencies worth $10.7 million.
The post Founder of Taiwan’s Ace Exchange Indicted in $10.7M Fraud Case appeared...
The Protocol: How to Engineer Harder Money, or Just Make Your Own
10.4.2024
Bitcoin's supply growth is set to automatically drop by 50% when next week's "halving" arrives, Ethereum is pondering a cut in ETH issuance, and meme coin issuers are just no-holds-barred spinning up new ones. Blockchain tech is enabling all sorts of monetary strategies