1 / 1 Relevant items tagged with #Laundering
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London Man Denies Running Illegal Cryptocurrency ATMs
[Oct 11 3:30 AM] A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA)…
Texas Drug Ring Sentenced for Laundering $50K Monthly in Cryptocurrency
US Indicts Two in $260M Bitcoin Heist and Laundering Scheme
[Sep 22 10:30 PM] 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…
Scottish Court Sets Precedent With Crypto-to-Cash Confiscation
[Sep 4 5:30 AM] Prosecutors in Scotland have made legal history by converting cryptocurrency into cash under proceeds of crime legislation. John Ross Rennie, 29, has been ordered to hand over £109,601 after his BTC holdings were linked to criminal activity…
Stolen Poloniex Ether worth $53M never made it back to the exchange
[May 14 2:02 AM] The Poloniex hacker moved over 17,800 Ether from six different wallets into a single Tornado Cash address.
Kronos Research hacker shifts funds to Tornado Cash
[May 7 1:50 AM] Kronos Research was exploited for $25 million in November 2023, with one of the six wallets linked to the hacker moving funds to Tornado Cash on May 7.
Founders of Crypto Mixer Tornado Cash Accused of Laundering $1 Billion
[Aug 24, 2023 3:00 PM] The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide…
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
[Mar 30, 2023 1:30 PM] Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense…
Onecoin Cryptoqueen’s Ex-boyfriend Gets 5 Years in Prison
[Feb 18, 2023 3:30 PM] A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which…
Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges
[Jan 16, 2023 9:00 AM] On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum…
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
[Dec 6, 2022 2:30 AM] Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and…