Tag: Money Laundering
South Korea Targets Tether Laundromats in Major Crypto Crackdown
Police will intensify crackdowns on Tether “laundries” used to launder crime money through USDT. Police are building crypto-investigation capacity with specialized training and a nearly…
Hacker Who Stole $282 million Last Week, Launders $63M Via Tornado Cash: CertiK
CertiK has just identified $63 million in stolen funds flowing through the Tornado Cash mixer following last week’s $282 million wallet compromise. The attacker used…
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,…
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…
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…
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 for…
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 registration, violated…
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 rentals. The…
eXch Crypto Exchange to Shut Down After Bybit Hack Allegations
eXch is set to terminate all operations on May 1, 2025, closing its doors to the crypto trading world. This comes after stolen funds from…
