Tag: Money Laundering
Market News
Crypto News: Binance’s Zhao Challenges Senator Warren Over False Fraud Allegations
CZ responds to Warren’s false fraud claims, denies money laundering charges, and sees BNB surge after Trump grants him a full pardon. Changpeng Zhao, founder...
Crypto Scams
Thai Police Dismantle $15M Crypto Scam Ring Targeting Koreans
Thai police and South Korean authorities recently dismantled a $15M crypto scam ring that defrauded hundreds of Koreans. Thai police, working with South Korean investigators,...
Industry and Adoption
US Banks Moved $312B for Chinese Money Launderers In The Last 5 Years, But Critics Still Blame Crypto
US banks laundered $312 billion for Chinese money networks from 2020, while regulators continue to unfairly target crypto. The period between 2020 and last year...
Crime
AML Bitcoin Founder Sentenced to 7 Years for $10M Crypto Fraud
Key Insights:Rowland Marcus Andrade misled investors with false claims about AML Bitcoin’s technology and partnerships.
Over $2 million from investor funds was used...
Bitcoin News
Massachusetts Bitcoin Launderer Sentenced to 6-Year Prison Term
Trung Nguyen gets 6 years in prison for unauthorized Bitcoin.
Laundered over $1M for scammers and drug dealers via National Vending.
Omitted FinCEN...
Crypto Scams
New Zealand Man Busted in $265M Crypto Scam
Man from Wellington nabbed for $265M crypto felony.
FBI-led investigation targets 13 suspects across NZ, US.
Funds used for luxury cars, handbags, and...
Hacked
eXch Crypto Exchange to Shut Down After Bybit Hack Allegations
On May 1, 2025, the eXch platform will permanently cease all trading operations.Customers must retrieve their assets before the May 1 shutdown deadline.eXch is...
Crime
Daren Li Admits Role in Laundering $73.6 Million from Crypto Fraud
Daren Li admits role in laundering $73.6 million from crypto fraud schemes, emphasizing the need for global cooperation in tackling cybercrime.A foreign national pleaded...
Crime
Roman Sterlingov Sentenced for Money Laundering
Roman Sterlingov, operator of Bitcoin Fog, sentenced to 12.5 years in prison for laundering $400M in illicit crypto transactions.Roman Sterlingov, a dual Russian-Swedish national,...
Crime
Epoch Times CFO Bill Guan Charged for Allegedly Laundering $67 Million Worth Illicit Funds
Weidong Guan, who also goes by Bill Guan, was charged by the Department of Justice (DoJ) for participating in a scheme that laundered $67...
Bitcoin ATMs
Charles Constant Arrested on Crypto Money Laundering Charges
Federal agents have arrested Charles Riley Constant, an owner of digital currency ATMs under the Coindawg name. At the time of writing, he has...
Bitcoin News
Mustafa Gokiu Guilty of Running Illicit Crypto Business
Mustafa Gokiu – a man living in the town of Sunnyside, New York – was convicted in mid-October by a federal jury in Brooklyn...
