Darknet Drug Dealer Accused of Laundering $136M Worth of Bitcoin
Ryan Farace supposedly laundered $136 million in bitcoin while serving his drug-dealing sentence in federal prison.
Money Laundering News and Updates
Recent Money Laundering News
Ten Months Later: Chainalysis Removes BitMEX From The High Risk Exchange Category
The popular Bitcoin derivatives exchange BitMEX has been removed from the High Risk Exchange category by Chainalysis.
Record: UK Police Seized Nearly $250M Worth of Cryptocurrencies
The Met’s Economic Crime Command made the largest crypto seizure in the UK - $250 million worth of digital assets.
China’s Police Arrests Over 1,000 Crypto Traders on Fraud and Money Laundering Charges
China continues its efforts in combating crypto fraud as local authorities arrested over 1,000 people on accusations of money laundering.
Trustless XMR-BTC Swaps Launch on Monero’s Mainnet
COMIT Network has released a beta version of their XMR-BTC swap tool on Monero’s mainnet.
‘Bitcoin is Bad’ Narrative Weakens as Aussie Banks Have Reportedly Laundered $385M for Drug Cartels
The narrative that Bitcoin is primarily used by criminals weakens as Aussie banks have reportedly laundered $385M for drug cartels.
US Treasury Secretary Nominee Yellen: Crypto Can Improve The Financial System
Janet Yellen, President Joe Biden’s U.S. Treasury Secretary nominee, seems to have balanced her statements about Bitcoin and crypto, after
Biden’s US Treasury Secretary Nominee Raises Concerns Over Crypto Terrorism Financing
Janet Yellen, Joe Biden's nominee for US Treasury Secretary, has expressed concerns over cryptocurrencies being used for illicit activities.
HSBC Blocks Transactions From Crypto Exchanges
Crypto traders and investors in the U.K. can no longer transfer their funds from digital asset exchanges to HSBC bank.
13% Of Bitcoin’s Money Laundering Transactions Happened Through Privacy Wallets
Privacy wallets were used to launder the funds stolen from the hacks on Twitter and Kucoin as their role continues