Browsing Tag
Money Laundering
87 posts
Netflix Director Accused of $11M Scam: Funds Diverted to Crypto Trades, Luxury Splurges
Carl Erik Rinsch, the director of “47 Ronin,” was arrested on March 18 in West Hollywood, California, after…
While crypto is gradually getting legalized, its money laundering use persists — what are the trends?
Although Bybit CEO Ben Zhou says 88% of stolen crypto is still traceable, the recent Bybit hack has…
US Treasury Sanctions 49 Crypto Addresses Tied to Nemesis Darknet Market
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Behrouz Parsarad…
Bybit Hacker Reportedly Launders Entire $1.4B Loot in Just 10 Days
The hacker behind the $1.39 billion Bybit exploit is said to have successfully laundered all the 499,000 ETH…
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…
