9 / 9 Relevant items tagged with #Moneylaundering
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Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers
[Feb 14, 2023 11:22 PM] The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.
SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude
[Feb 14, 2023 9:30 AM] Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US…
Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
[Feb 14, 2023 3:30 AM] According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya…
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
[Feb 10, 2023 6:30 AM] A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in…
Bitzlato Co-Founder Anton Shkurenko Arrested in Russia, Report
[Feb 9, 2023 3:30 AM] Russian authorities have reportedly arrested the second co-founder of seized cryptocurrency exchange Bitzlato. The man, who recently promised to restore the platform’s operations from Russia, was detained at the request of Interpol and may…
Australian Government Says It Is Working to Ensure ‘Regulation of Crypto Assets Protects Consumers’
North Korean hackers launder $27M ETH from Harmony Bridge attack
[Jan 29, 2023 11:05 AM] Three main addresses carried out transactions worth $27.18 million to six crypto exchanges.
South Korea to deploy cryptocurrency tracking system in 2023
[Jan 29, 2023 1:37 AM] The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance.
FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers
[Jan 28, 2023 11:30 AM] Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions…
Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says
[Jan 24, 2023 8:30 AM] European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with…
Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner
U.S. Department Of Justice Shuts Down Crypto Exchange Bitzlato, CEO Arrested
[Jan 18, 2023 12:46 PM] The DOJ has charged the exchange with facilitating more than $700 million in illicit transactions tied to Russia, money laundering and criminal activity.The U.S. Department of Justice (DOJ) has announced the closure of the Bitzlato cryptocurrency…
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
[Jan 13, 2023 11:30 AM] After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that…
El Salvador Chivo Wallet Programmer Opens Up About Alleged ID Fraud, Tech and Money Laundering Issues
[Jan 13, 2023 5:00 AM] A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to help in the handling of the issues, has talked…
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria
[Jan 12, 2023 9:00 AM] According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into…
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
[Jan 8, 2023 5:30 PM] From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new…
Free Talk Live Co-Host Ian Freeman Found Guilty in Federal Crypto Trial
[Dec 22, 2022 5:30 PM] After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene resident and libertarian activist, Ian Freeman…
3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora
[Dec 22, 2022 11:30 AM] On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed they imposed fraud charges against FTX co-founder…
BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay
[Dec 21, 2022 1:30 AM] The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to the United States to face charges of money…
$4B OneCoin scam co-founder pleads guilty, faces 60 years jail
[Dec 18, 2022 11:41 PM] The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.
Onecoin Co-Founder Pleads Guilty to Fraud Charges in US
[Dec 18, 2022 9:00 AM] Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in…
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
[Dec 13, 2022 6:30 PM] On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance…
Crypto Twitter explodes over the news of Sam Bankman-Fried's arrest
[Dec 12, 2022 10:06 PM] US politicians, crypto execs and influencers fired up their Twitter apps upon learning that Sam Bankman-Fried was in custody in the Bahamas.
FTX Founder Sam Bankman-Fried Arrested In The Bahamas
[Dec 12, 2022 7:40 PM] Bahamian authorities have arrested Sam Bankman-Fried, the founder and ex-CEO of cryptocurrency exchange FTX, after the U.S. filed criminal charges.Sam Bankman-Fried, the founder and former CEO of Bitcoin and cryptocurrency exchange FTX, has been…
US regulator to seek feedback on DeFi's impact on financial crime
[Dec 8, 2022 12:30 AM] A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.
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…
Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them
[Nov 30, 2022 8:00 AM] Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions.
10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e
[Nov 25, 2022 5:30 PM] A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in…
HashFlare founders arrested in 'astounding' $575M crypto fraud scheme
[Nov 21, 2022 9:01 PM] The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy.