Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto.
Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.
The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn't likely to become a law as-is.
AUSTRAC's latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.
Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions.
As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far.
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed.
The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled.
Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March.
Gambaryan missed a court appearance on tax evasion charges but attended the money laundering trial on the same day.
United States authorities have charged two foreign nationals for laundering $73 million in cryptocurrency investment scams, commonly known as “pig butchering.” This development was announced by the US Department of Justice (DOJ) on Friday, with an indictment unsealed in the Central District of California against the two suspects. Related Reading: Investor Falls Victim To $71 […]
Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation.
Alexey Pertsev, the developer behind the controversial cryptocurrency mixing service Tornado Cash, is challenging his recent conviction for money laundering in a Dutch court. The case has ignited a firestorm of debate within the crypto community, raising questions about developer responsibility and the future of open-source software. Related Reading: Ethereum ETF Dreams Dashed? Analyst Says […]
Pertsev was found guilty of money laundering on Tuesday by a Dutch judge.
Once more, North Korea has demonstrated its cyber prowess, possibly undermining international sanctions by using cryptocurrencies. According to a recent assessment by UN sanctions monitors, North Korea is suspected of using the Tornado Cash platform to launder a whopping $148 million that was taken from a cryptocurrency exchange in March. This event highlights how difficult […]
The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets.
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.
Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
U.S. Deputy Treasury Secretary Adewale Adeyemo told the Senate Banking Committee that terrorists prefer cash, but the department is worried about crypto’s growth.
In a trial set to commence on March 26 in the Dutch city of Hertogenbosch, Alexey Pertsev, the prominent developer behind Tornado Cash, finds himself at the center of a legal storm as he faces money laundering charges. The allegations, revealed in a three-page indictment obtained by DL News, accuse Pertsev of laundering over $1.2 […]
Warren reiterated her disdain for the industry in an interview.
Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022, and centralized exchanges remain the primary destination.
One of the men behind BTC-e, a now-defunct crypto exchange once popular with cybercriminals and money launderers, has been arrested and charged in the U.S., the Department of Justice (DOJ) said Thursday.
China imposed a blanket ban on crypto use in 2021, but due to technological advancements and the decentralized nature of crypto, mainland users have found a way to access the crypto market.
The "gray" casino industry is taking advantage of crypto and other modern technologies to advance illegal goals.
South Korea’s financial regulator is concerned about illegal outflows and money laundering risks from citizens using credit cards to buy crypto from overseas exchanges.
The Campaign for Accountability released a new open letter criticizing Circle’s Cross Chain Transfer Protocol.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.
The crypto exchange Binance's expensive deal with U.S. prosecutors this week bears harsh consequences, but could mean a positive outlook for the company in the long term.