Search Results for "laundering"
UK Considers Keeping $6.4B Bitcoin Gains From Chinese Fraud
The High Court is considering if to reimburse only the original investment value of £640 million while the seized Bitcoin is now worth nearly $7.24 billion, potentially leaving $6.4 billion in government hands.
China Imprisons Five for $166M USDT Money Laundering Operation
A Beijing court has sentenced five individuals for laundering $166 million using USDT, marking a significant crackdown on crypto-related financial crimes in China.
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.
Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group
Multinational cybersecurity provider Kaspersky has announced that the notorious North Korean crypto criminal group, Lazarus, is planning on releasing a new ransomware.
Different Stances on Cryptocurrency Risk Revealed, Many Still Link Crypto to Cyber Fraud
Findings revealed that banks, governments, and cryptocurrency professionals were divided in their stance on digital currencies.
CipherTrace Life Hack for Criminal Investigations: How to Know if Cryptocurrency Was Utilized
CipherTrace blockchain analytics firm has revealed guidelines that could help law enforcement identify that cryptocurrency was used for illicit activities.
DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme
A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.
UNODC: Surge in Cryptocurrency Misuse and Technology-Driven Crime in Southeast Asia
The UN Office on Drugs and Crime's latest report reveals an alarming increase in cryptocurrency misuse and advanced technological crime in East and Southeast Asia. The study focuses on the challenges faced by law enforcement against the backdrop of evolving online casinos, cyberfraud, and tech-driven underground banking networks.
SEC to Regulate Binance Chain With Blockchain Analytics Firm CipherTrace
The US Securities and Exchange Commission plans to award CipherTrace blockchain analytics firm with a contract pertaining to Binance Chain.
Germany's Largest Bitcoin Seizure: 50,000 BTC Confiscated in Piracy Probe
German authorities seized 50,000 Bitcoins linked to a piracy website, with suspects transferring the digital currency to police wallets, causing uncertainty in cryptocurrency enforcement.
Signature Bank Under Investigation by US Government Bodies
Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was closed on March 12 as part of a series of bank closures that also included Silvergate Capital and Silicon Valley Bank.
Former OneCoin Executive Charged with Fraud
Irina Dilkinska, a former executive of fraudulent cryptocurrency scheme OneCoin, has been charged with wire fraud and conspiracy to commit money laundering. Dilkinska faces up to 40 years in prison and is accused of aiding in the laundering of over $400 million of OneCoin's proceeds.