Money Laundering

Cryptojacker Charged with Defrauding Two Cloud Providers of $3.5M

US prosecutors have charged a man with wire fraud and money laundering related to a significant illegal 'cryptojacking' operation.

1 week ago

Railgun Denies North Korea Ties as it Approaches $1B Total Volume

In Jan 2023, the FBI accused Railgun of laundering over $60 million in stolen Ethereum from the 2022 Harmony Bridge…

1 week ago

UK Woman Found Guilty of Laundering Bitcoin Tied to $6 Billion China Fraud

The woman stands accused of converting Bitcoin into cash and property to conceal the proceeds of a $6.3 billion fraud…

1 month ago

Bitcoin Fog Operator Declared Guilty of Money Laundering, Faces Up to 50 Years in Prison

Two of Roman Sterlingov's charges regarding money laundering, each carry a maximum of prison sentence of 20 years.

1 month ago

Crypto Is Bad? Cash Still the Primary Tool for Money Laundering, US Treasury Reports

Although fiat currencies continue to be the primary medium for money laundering, the rise of digital assets is presenting a…

3 months ago

OneCoin Lawyer Sentenced to 10 Years in $400 Million Cryptocurrency Fraud Scheme

Lawyer Mark Scott sentenced to 10 years in prison for money laundering in OneCoin scam. Ordered to forfeit $392M.

3 months ago

Father and Son Duo Sentenced to Prison for Bitcoin Money Laundering Scheme

'Xanaxman' led a profitable dark web venture, earning 9,138 Bitcoin from illicit substance sales (Nov 2013 - June 2017).

4 months ago

Crypto Firms Faced Nearly $6B in Fines in 2023 for AML Violations

Crypto firms faced 11 fines in 2023, up from an average of less than two per year in the previous…

4 months ago

Only Criminals Have A Real Use For Bitcoin, According To Jamie Dimon

JPMorgan’s CEO says he would “close down” crypto if he ran the government.

5 months ago

Not Just Crypto: AFP Raids Bust Currency Exchange Laundering Nearly $230M in Illegal Funds

AFP uncovered Long River syndicate, laundering $229 million through 12 establishments in Australia. 7 arrests were made in Melbourne.

6 months ago