DEEPSEEK
FTX's $477 Million Heist: A Trail of Blockchain Clues Unearthed
The FTX hack in November 2022 saw $477 million vanish, with the elusive thief later laundering assets through decentralized exchanges and cross-chain bridges like RenBridge and THORSwap. As the trial of FTX's CEO Sam Bankman-Fried commences, the thief, still unidentified, resumed moving the stolen assets, converting Ether to Bitcoin. Blockchain analytics firm Elliptic sheds light on this crypto mystery, unraveling the blockchain trail and revealing the thief's laundering tactics.
Russians Under Sanctions Using Crypto to Launder Money: Elliptic Report
Russians with strong social connections, who are under international sanctions for the invasion of Ukraine, have been using cryptocurrencies to launder their wealth, according to a report.
OKEx Founder Troubles Not Linked to Yuan Money Laundering in China, Says Blockchain Journalist
Colin Wu, a Chinese blockchain journalist thinks it is unlikely Mingxing Xu, the founder of OKEx crypto exchange has anything to do with a Yuan money-laundering scheme.
US FinCEN Files Show Deutsche Bank Tops List of Suspicious Transactions, So Cut Bitcoin Some Slack
German central bank, Deutsche Bundesbank appears to have facilitated over one trillion dollars of suspicious transactions flagged by US FinCEN.
Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M
TheDoJ has sanctioned two Russian nationals for their cybercrimes, where millions in cryptocurrency were accumulated through scamming and phishing schemes.
Binance Sued for Cashing Out Illicit Hacked Funds Worth More Than $9 Million
Binance has been taken to court by Fisco, a Japanese crypto exchange, for allegedly facilitating the liquidation of at least $9 million in crypto after the latter was hacked in 2018.
United States DoJ Files to Freeze Assets of OneCoin Money Launderer and Recoup $400 Million
The United States Department of Justice has filed to freeze the assets of OneCoin Money Launderer Mark Scott, and Recoup $400 Million.
PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud
A United States grand jury indictment has been delivered to Plexcoin founder, Dominic Lacroix, as well as Yan Ouellet and Sabrina Paradis-Royer for securities and wire fraud, and conspiracy to launder money, according to the DOJ.
California Man Pleads Guilty to Running Illegal Bitcoin ATMs and Money Laundering
Kais Mohammad has agreed to plead guilty to federal charges of operating an illegal Bitcoin ATM business that laundered over $25 million.
