Transferring funds into Decentralized Finance applications was the most preferred method by bad actors to launder their money, Chainalysis stated.
Recent Money Laundering News
After 100x her initial investment, Bank Hapoalim denies depositing $320K in profit Esther Freeman earned from her BTC investment, citing
Kazakhstan's ruling body wants to reduce the risks of criminal financial activities in the country by enforcing crypto regulations.
Ryan Farace supposedly laundered $136 million in bitcoin while serving his drug-dealing sentence in federal prison.
The popular Bitcoin derivatives exchange BitMEX has been removed from the High Risk Exchange category by Chainalysis.
The Met’s Economic Crime Command made the largest crypto seizure in the UK - $250 million worth of digital assets.
China continues its efforts in combating crypto fraud as local authorities arrested over 1,000 people on accusations of money laundering.
COMIT Network has released a beta version of their XMR-BTC swap tool on Monero’s mainnet.
The narrative that Bitcoin is primarily used by criminals weakens as Aussie banks have reportedly laundered $385M for drug cartels.
Janet Yellen, President Joe Biden’s U.S. Treasury Secretary nominee, seems to have balanced her statements about Bitcoin and crypto, after