Crime
California Individual Sentenced Over $36.9 Million Cryptocurrency Fraud Linked to Notorious Huione Group
A Californian man received a 51-month prison sentence for his involvement in laundering funds from a Cambodian crypto scam.
Business
Elliptic Launches Crime-Tracking Solution as Stablecoins Gain Popularity
Elliptic has introduced a new product aimed at reducing risk associated with stablecoins for banks and compliance departments.
Policy
Crypto's New Strategy to Combat Money Laundering: Introducing the Beacon Network
A collaborative initiative led by TRM Labs aims to address the cryptocurrency sector's money laundering challenges with the new Beacon Network.
Altcoins
Hong Kong Issues Warning on Stablecoins Amid Arrests for Money Laundering
The Hong Kong Monetary Authority expressed concerns over the rise of stablecoins as law enforcement makes significant arrests in a laundering case.
Legal
Trial for Tornado Cash Developer Roman Storm Begins with Jury Selection
A jury has been selected for the trial of Roman Storm, a developer of Tornado Cash, with opening arguments expected soon.
Crypto News
Trial of Tornado Cash Developer Roman Storm Begins Amid Legal and Industry Ramifications
The trial of Tornado Cash developer Roman Storm kicks off in Manhattan, raising questions about the future of crypto regulations and privacy in the industry.
Finance
Singapore Concludes $2.2 Billion Money Laundering Case with Fines
The Monetary Authority of Singapore imposes fines on banks after a significant money laundering investigation linked to luxury assets and cryptocurrencies.
Business
Cybercriminals Use Cryptocurrency to Launder Proceeds from $140 Million Bank Heist in Brazil
A recent analysis reveals that hackers managed to switch between $30 million and $40 million of their ill-gotten gains into cryptocurrencies after stealing from a Brazilian central bank service provider.
Crypto Crime
Europol Uncovers $23.5 Million Crypto Money Laundering Scheme
A significant operation led by Europol has exposed a major crypto laundering network involving multiple countries and the laundering of millions in illegal funds.
Crime
Germany's Law Enforcement Targets Crypto Exchange eXch, Seizing $38 Million Allegedly Tied to Money Laundering Operations
German authorities shut down the eXch crypto exchange, confiscating $38 million and extensive data linked to suspected crypto laundering.
Finance
US Treasury Moves to Cut Off Cambodia's Huione Group from Financial Network
The U.S. Treasury Department has proposed disconnecting the Cambodian Huione Group from the U.S. financial system, identifying it as a major money laundering threat linked to cybercrime.
Crypto
OKX Penalized $1.2M in Malta Over Money Laundering Violations
The Financial Intelligence Analysis Unit of Malta fined OKX for failing to comply with money laundering regulations, emphasizing the importance of risk assessment in their services.
Altcoins
Aleksej Besciokov: Crypto Mogul Arrested in India Amid Tether Controversy
Aleksej Besciokov, co-founder of Garantex, faces arrest in India under extradition law amid international money laundering investigations.
Crypto
Aleksej Besciokov, Garantex Operator, Apprehended in India
Aleksej Besciokov faces serious charges related to money laundering and operating an unlicensed money service.
Altcoins
EU Regulators Examine OKX Linked to Bybit Hack Money Laundering
European Union regulators are investigating whether OKX's Web3 services were involved in laundering $100 million related to the Bybit hack.
Crime
Garantex: A Seized Crypto Exchange Linked to Money Laundering Activities
Garantex has been dismantled in a global law enforcement effort, with its operators facing serious charges related to financial crimes.
Altcoins
eXch Exchange Responds to Money Laundering Allegations Linked to Bybit Hack
The eXch exchange denies claims of laundering funds from the Bybit hack, asserting its operations are legitimate.
Crypto
Tornado Cash Developer to Be Released as He Prepares for Appeal
Alexey Pertsev, the Tornado Cash developer, is set to be released from prison to prepare his appeal after being sentenced for money laundering.
Finance
Canadian Individual Charged in $65 Million DeFi Exploit and Money Laundering Case
A Canadian has been charged with executing a $65 million exploit on DeFi platforms KyberSwap and Indexed Finance.
Finance
KuCoin Agrees to Close Operations and Pay $300 Million Following DOJ Charges
KuCoin has accepted penalties after being charged with illegal money transmission practices, agreeing to exit the U.S. market.
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