Latest News and Articles about Money Laundering
Samourai Wallet Founders Jailed for $237M in Illicit Bitcoin Transactions
Samourai Wallet Co-Founders Sentenced to Prison for Facilitating $237M in Illicit Transactions A major blow to the misuse of privacy tools in the crypto space has landed with the sentencing of Samourai Wallet co-founders Keanne Rodriguez and William Hill. The duo, behind a cryptocurrency mixer linked to over $237 million in illicit transactions, received five […]
Read MoreSamourai Wallet Founders Get 4-5 Years for $200M Bitcoin Laundering Scheme
Samourai Wallet Founders Sentenced to 4-5 Years for $200M Bitcoin Money Laundering Scheme A US court has delivered a powerful blow to the founders of Samourai Wallet, a Bitcoin mixing service accused of laundering over $200 million in illicit funds. William Hill and Keonne Rodriguez, who launched the platform in 2015, were sentenced to four […]
Read MoreBitcoin ATM CEO Charged in $10M Laundering Scheme: Crypto’s Compliance Crisis Exposed
Bitcoin ATM Operator Charged in $10M Money Laundering Scandal: A Wake-Up Call for Crypto Firas Isa, the 36-year-old founder and CEO of Virtual Assets LLC, operating as Crypto Dispensers, has been charged by the U.S. Department of Justice (DOJ) with laundering over $10 million in illicit funds through Bitcoin ATMs across the United States. Prosecutors […]
Read MoreBinance and OKX Exposed in $408M Money Laundering Scandal by ICIJ Report
Crypto Exchanges Binance and OKX Caught in Money Laundering Storm, ICIJ Investigation Uncovers Brace yourself for a bombshell: over $408 million in dirty money flowed through Binance in just one year, straight from a Cambodian crime hub flagged by US authorities. This is the shocking revelation from the International Consortium of Investigative Journalists (ICIJ) in […]
Read MoreAustralia Cracks Down on Bitcoin ATMs Amid Scam and Money Laundering Surge
Australia’s Bitcoin ATM Crackdown: Scams and Regulations Tighten Australia is unleashing a full-frontal assault on cryptocurrency ATMs, driven by mounting evidence of their role in money laundering, scams, and other financial crimes. Home Affairs Minister Tony Burke has labeled these machines a “high-risk product,” unveiling a tough new stance on October 15 that could drastically […]
Read MoreAustralia Cracks Down on Crypto ATMs Amidst Surging Crime Rates
Australia Slams the Brakes on Crypto ATMs as Crime Explodes Australia is dropping the hammer on cryptocurrency ATMs as their numbers skyrocket and ties to financial crime become a screaming red flag. Minister for Home Affairs Tony Burke has rolled out sweeping new powers for AUSTRAC, the nation’s financial crimes watchdog, to rein in the […]
Read MoreAustralia Orders Binance Audit Over Money Laundering Concerns: Crypto Giant Under Scrutiny
Australia Slams Binance with Audit Order Over Money Laundering Fears: A Wake-Up Call for Crypto Binance, the heavyweight of crypto exchanges, has just been hit with a serious reality check in Australia. The Australian Transaction Reports and Analysis Centre (AUSTRAC), the nation’s financial watchdog, has ordered Binance Australia to bring in an external auditor due […]
Read MoreASIC Charges Four in $35.8M Australian Crypto Scam and Money Laundering Bust
Australian Crypto Scam: ASIC Charges Four in $35.8M Fraud Crackdown Picture this: you pour your hard-earned savings into a sleek website promising a juicy 9.5% annual return, only to learn it’s a $35.8 million scam. That’s the gut-wrenching reality for victims across 14 countries, as the Australian Securities and Investments Commission (ASIC) charges four men—former […]
Read MoreTornado Cash Trial: Roman Storm’s Verdict Could Reshape Crypto Privacy Laws
Tornado Cash Trial Verdict Looms: Roman Storm’s Fight for Privacy or a Haven for Crime? The federal trial of Tornado Cash co-founder Roman Storm has reached its decisive phase in the Southern District of New York, with closing arguments completed and a verdict anticipated in early August 2025. Far beyond a personal legal battle, this […]
Read MoreRoman Storm Silent in Tornado Cash Trial, Faces 45 Years in Crypto Privacy Battle
Roman Storm Stays Silent in Tornado Cash Trial, Facing 45 Years Over Crypto Privacy Clash Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, has decided not to testify in his defense during a gripping federal trial in Manhattan. Charged with money laundering and sanctions violations, he faces up to 45 years in prison […]
Read MoreSamourai Wallet Founders Plead Guilty: Bitcoin Privacy Tools Face DOJ Crackdown
Samourai Wallet Founders Plead Guilty: Bitcoin Privacy Under Fire or Necessary Crackdown? The crypto community is up in arms as Keonne Rodriguez and William Lonergan Hill, founders of the Bitcoin mixing platform Samourai Wallet, have reversed their stance and announced plans to plead guilty to charges of operating an unlicensed money-transmitting business and conspiracy to […]
Read MoreTurkey’s Harsh Crypto Rules: Battling Money Laundering Amid Massive Adoption
Turkey’s Iron Grip on Crypto: Battling Money Laundering Amid a Digital Boom Turkey has unleashed a sweeping set of cryptocurrency regulations to stamp out money laundering, a response to soaring adoption fueled by crushing inflation and a plummeting lira. As one of the world’s top crypto hubs, the nation is walking a tightrope between securing […]
Read MoreSouth Korean Court Jails Two in USDT Money Laundering Scam: Crypto Crime Exposed
South Korean Court Sentences Two in USDT Money Laundering Bust: Crypto’s Dark Corners Exposed A South Korean court has dropped the hammer on two Vietnamese nationals, sentencing them to two years in prison for their role in a cross-border money laundering scheme using Tether (USDT), the USD-pegged stablecoin. This case out of Seoul isn’t just […]
Read MoreNew Zealand Man Arrested for $265M Crypto Scam: Luxury Purchases Funded by Stolen Digital Assets
Authorities Allege Scammers Stole $265,000,000 in Crypto To Buy Exotic Cars, Private Security and Other Luxuries A New Zealand man has been arrested for his alleged role in a sophisticated international criminal organization that defrauded seven individuals of $265 million in cryptocurrency between March and August 2024. Charged by the U.S. Department of Justice with […]
Read MoreEuropol Busts Mafia Crypto Bank, Arrests 17 in $23.5M Laundering Operation
Europol Cracks Down on Mafia Crypto Bank: 17 Arrested in Europe-Wide Operation Europol delivered a digital beatdown to a mafia crypto bank, arresting 17 suspects in a multi-country operation that dismantled a network laundering over $23.5 million, primarily for clients in China and the Middle East. Europol arrests 17 in mafia crypto bank takedown Over […]
Read MoreHong Kong Police Bust $15M Crypto Money Laundering Ring, 12 Arrested
Hong Kong Police Dismantle $15M Crypto Laundering Syndicate Hong Kong police have cracked down on a sophisticated money laundering operation, arresting 12 individuals and seizing assets linked to $15 million in illicit funds. This operation, based in a Mong Kok apartment, used over 550 sham accounts and cryptocurrency transactions to launder money from fraud cases. […]
Read MoreFBI Busts $265M Crypto Scam: New Zealand Man Among 13 Arrested
$265 Million Crypto Scam: New Zealand Man Arrested in FBI-Led Probe $265 million stolen from seven victims FBI-led international investigation Lavish spending on luxury goods and properties In a significant development, a Wellington-based man was arrested in Auckland as part of an FBI-led international investigation into a staggering $265 million cryptocurrency scam. This sophisticated operation, […]
Read MoreEuropol Cracks Down on $23M Crypto Crime Bank, Arrests 17 in Major Operation
Europol Shuts Down $23 Million Crypto-Backed Criminal Bank: A Global Crackdown on Cryptocurrency Crime Europol, in collaboration with law enforcement from Austria, Belgium, and Spain, executed a digital sting operation on January 14, 2025, that dismantled a €21 million criminal banking network. The operation, dubbed “OP KARASU,” led to the arrest of 17 individuals who […]
Read MoreeXch Closes Amid Bybit Hack Laundering Claims, Lazarus Group Tied
eXch Shuts Down: Alleged Money Laundering in Bybit Hack Involves North Korea’s Lazarus Group eXch, a privacy-focused cryptocurrency exchange, will cease operations on May 1, 2023, amid allegations of laundering funds from the massive $1.5 billion Bybit hack. Accused of facilitating money laundering, eXch finds itself targeted by a transatlantic law enforcement operation. eXch to […]
Read MoreU.S. Secret Service Busts Garantex: $96B Crypto Exchange Linked to Crime
Secret Service Cracks Down on Alleged Money Laundering Crypto Exchange Garantex Did you know that a single crypto exchange can process over $96 billion in transactions while facilitating criminal activities? The U.S. Secret Service has initiated a major operation against Garantex, a Russian crypto exchange accused of being a hub for laundering dirty money, resulting […]
Read MoreJohn Khuu Gets 7+ Years for Bitcoin Laundering: Dark Web Drug Sales
John Khuu Sentenced to Over 7 Years for Bitcoin Money Laundering Scheme in California John Khuu sentenced for crypto money laundering. Pleaded guilty to conspiracy, money laundering, and unlicensed money transfer. Used Bitcoin to sell fake medications and MDMA on dark web. In the shadowy corners of the digital world, a California man named John […]
Read MoreEthereum’s Vulnerability to Money Laundering: Urgent Need for Enhanced Risk Controls
Ethereum Money Laundering Through Exchanges: The Need for Heightened Risk Control The rise of Ethereum as a preferred vehicle for money laundering through cryptocurrency exchanges is a stark reminder of the dark side of blockchain’s potential. While we celebrate the promise of decentralization and privacy, we must also address the growing threat of illegal activities […]
Read MoreAUSTRAC Ramps Up Crackdown on 13 Crypto and Remittance Providers
AUSTRAC Intensifies Crackdown on Crypto and Remittance Providers AUSTRAC, Australia’s financial watchdog, has taken decisive action against 13 remittance and cryptocurrency providers, signaling a major regulatory crackdown aimed at curbing money laundering and financial crimes. With over 50 more providers under review, the agency is not holding back. AUSTRAC targets 13 crypto and remittance providers […]
Read MoreBeijing Official Gets 11 Years for Bitcoin Money Laundering: Crypto’s Dark Side Exposed
Beijing Official Sentenced to 11 Years for Bitcoin Money Laundering: A Stark Reminder of Crypto’s Dark Side Can Bitcoin, the champion of financial freedom, also be its own worst enemy? Hao Gang, once a trusted figure in the Beijing Financial Bureau, now faces over a decade behind bars for his role in a Bitcoin money […]
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