May 15, 2024NewsroomCryptocurrency / Anonymity A Dutch court on Tuesday sentenced one of the co-founders of the now-sanctioned Tornado Cash cryptocurrency mixer service to 5 years and 4… Continue reading
Tag: Laundering
May 07, 2024NewsroomCryptocurrency / Cybercrime A Russian operator of a now-dismantled BTC-e cryptocurrency exchange has pleaded guilty to money laundering charges from 2011 to 2017. Alexander Vinnik, 44,… Continue reading
May 01, 2024NewsroomFinancial Crime / Forensic Analysis A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and… Continue reading
Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is… Continue reading
Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering
Feb 05, 2024NewsroomCryptocurrency / Financial Fraud A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering… Continue reading
US SEC begrudgingly approves Bitcoin trades but warns investors it’s a ‘speculative, volatile asset that’s also used for ransomware, money laundering, sanction evasion, and terrorist financing’
The US Securities and Exchange Commission (SEC) has approved Bitcoin exchange-traded products (ETPs) following years of opposition—though not without stern warnings about the “myriad risks” of investing in… Continue reading
Another one bites the dust: Binance CEO quits as both he and the company plead guilty to money laundering charges and accept whopping $4.3 billion fine
Binance is the largest cryptocurrency exchange in the world, and has been under investigation by US authorities for years over allegations of offshore money laundering. Now it has… Continue reading