Search Results for "money laundering"
$265M in BTC Withdrawn from Binance in 2018 Suspected of Money Laundering
A Bitcoin address, 1EU2pMence1UfifCco2UHJCdoqorAtpT7, has been accused of laundering $265 million through Bitcoin mixers. The transactions, which were all on-chain, have sparked debate among crypto enthusiasts.
Binance CEO Highlights Disproportionate Narrative on Illicit Activities in Crypto versus Fiat Currencies
Dr. Andrzej Gwizdalski and Binance CEO Richard Teng's analysis reveals traditional fiat currencies are involved in more illicit activities ($3.2 trillion annually) than cryptocurrencies ($20 billion), prompting a rethinking of the narrative.
Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation
Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud.
Canadian Crypto Exchange Shuts Down to Protect Customers
In Vancouver, Canada, another cryptocurrency exchange has closed down. This is not the first Canadian based Exchange to encounter problems, with some users losing everything last year when another exchange lost access to private keys.
German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme
Horst Jicha, founder of USI Tech, has been charged with defrauding investors of $150 million in a fraudulent crypto scheme, marking a significant development in regulatory action against crypto-related crimes.
Russian Hacker Sentenced to 5 years of Prison for Money Laundering, Cybercrimes, and Extortion
Russian Hacker Alexander Vinnik has been sentenced to 5 years imprisonment by a Parisian court. The judgment may be appealed as noted by Vinnik's lawyer.
$4 Billion Laundered by Criminals through DEXs, Elliptic Report Shows
Elliptic's report suggested that criminals have laundered the total sum of $4 billion through Decentralized Exchanges (DEXs), bridges, and protocols offering Coin Swaps.
Turkish Crypto Exchange Founder Arrested
Thodex founder, Faruk Fatih Ozer, has been arrested upon his arrival at Istanbul airport after two years on the run. Ozer faces charges of fraud and money laundering, relating to allegations of an exit scam involving at least $2 billion worth of cryptocurrency stolen from Thodex.
EBA Issues Updated Guidelines for Crypto Asset Service Providers
The European Banking Authority (EBA) extends Anti-Money Laundering and Counter-Terrorist Financing measures to include crypto firms, aiming to harmonize regulatory approaches and mitigate financial crime risks in the EU.
FCA Warns Crypto Businesses Fail to Meet UK’s Money Laundering Regulations Standard
The UK’s Financial Conduct Authority has disclosed that many crypto firms are withdrawing their applications to register with the agency.
Russian Alexander Vinnik Remained To Jail Five Years For Money-laundering
The Paris Court remained upheld of five-year imprisonment for BTC-e operator Alexander Vinnik. Still, it exempted him from a fine of 100,000 euros to consider that Vinnik was unable to pay the fine.
Tornado Cash Developer Set to be Released
Tornado Cash developer, Alex Pertsev, who was arrested last August for his alleged involvement in money laundering through the crypto mixing service, is set to be released after spending nearly nine months in prison.