Browsing Tag
Money Laundering
73 posts
Nearly 20% of Bybit’s $1.46b stolen funds ‘gone dark,’ CEO says
Bybit’s CEO says more than $200 million of the $1.46 billion stolen from the exchange has become untraceable…
California man sues 3 Asia banks over $1M pig butchering crypto-fraud scam
California resident Ken Liem accused three banks of failing to perform adequate checks that could have blocked scammers…
Indiana Man Pleads Guilty to Stealing $37M in Cryptocurrency from Nearly 600 Victims
A 21-year-old man from Lebanon, Indiana, has admitted to organizing a major cryptocurrency theft, stealing over $37 million…
Kazakhstan freezes $1.2m in crypto linked to 19 illegal OTC platforms
Kazakhstan’s financial authorities have frozen $1.2 million in crypto and shut down 19 illegal exchangers with a turnover…
US Charges 2 Russian Nationals in Crypto Money Laundering Scheme, Offers $10 Million Bounty
U.S. authorities have charged Russian citizens Sergey Sergeevich Ivanov and Timur Shakhmametov for allegedly operating a cryptocurrency money…
Germany closes 47 crypto exchanges over money laundering concerns
German authorities have taken down 47 cryptocurrency exchange services in a crackdown on illegal money laundering activities. The…
Crypto ATMs Process $160M in Illicit Funds Since 2019, Says TRM Labs
In a concerning trend, TRM Labs found that illicit activity at crypto ATMs is significantly higher than in…
Analysts bust Russian launderer moving crypto for North Korea
Authorities in Argentina arrested a Russian national for laundering millions in crypto tied to North Korea’s Lazarus Group.…
China’s supreme court recognizes crypto in landmark AML law update
China’s highest court and its public prosecution agency have for the first time recognized crypto transactions in their…
Crypto tax evasion lands Ukrainian blogger in $5m trouble
Ukrainian financial detectives have charged a local blogger with $5 million in tax evasion through crypto transactions linked…