For the most part, China prohibits crypto trading and services while authorities actively investigate and prosecute crimes.
A congressional report on implementing the Genius Act acknowledges the existence of lawful uses for blockchain privacy tools even as U.S. regulators pursue enforcement cases tied to illicit finance.
The X account of trader 'Sillytuna' claimed that roughly $24 million in cryptocurrency was stolen in a violent attack.
The DOJ said Helix processed at least 354,468 bitcoin between 2014 and 2017, worth about $300 million at the time.
A hacker who compromised a multisignature wallet has now laundered more than $19 million worth of ETH through Tornado Cash since December.
A hacker appears to have gained unauthorized control over Unleash Protocol's multisig, enabling them to drain nearly $4 million in assets.
This year also saw the launch of networks like Aztec's Ignition chain, apps like Privacy Pools, and corporate experiments like Circle's USDCx.
Rodriguez was sentenced to five years for operating a crypto mixing service that helped launder millions of dollars in criminal proceeds.
The 67-year-old Hill’s recent autism diagnosis, as well as his advanced age, seemed to serve as mitigating factors for the sentencing judge.
Privacy Pools, based on research by Ethereum founder Vitalik Buterin, is a keystone part of the Ethereum Foundation's Kohaku iniative.
District Judge Denise Cote sentenced Keonne Rodriguez to the statutory maximum. Fellow developer William Lonergan Hill will be sentenced tomorrow.
Prosecutors alleged that Rodriguez and Lonergan operated a service that helped launder at least $237 million in criminal proceeds.
TRM Labs says 'Embargo' has handled $34.2 million in crypto payouts from ransomware attacks since April 2024, hitting U.S. healthcare and manufacturing.
The Department of Justice has reversed course on its Friday statement that it was considering charges against Dragonfly over the firm's early investment in Tornado Cash.
Chainalysis says rising wallet attacks and costly laundering fees could push losses past $4 billion this year.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The defendants allegedly spent $4 million at nightclubs and $9 million on exotic cars, among other luxury items, prosecutors claim.
Ransomware gang LockBit, known for demanding cryptocurrency payments, has been hit by a data leak of its own following a recent hack.
Untraceable funds flowed into mixers then through bridges to P2P and OTC platforms, Bybit CEO Ben Zhou said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bybit is offering a 5% bounty to exchanges, mixers or anyone who helps freeze funds stolen by North Korea's Lazarus Group.
The exchange declined to block addresses flagged by Bybit as receiving stolen funds from its recent $1.4 billion hack.
The $85 million hack in January was likely perpetrated by an experienced group of hackers due to its sophistication, experts said.
Storm faces a maximum prison sentence of 45 years for money laundering related charges in his part in developing crypto mixer Tornado Cash.
Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers.
Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied to darknet marketplaces.