News with the tag "Crypto Money Laundering"

The US Treasury Department shut down a North Korean laundering crypto scheme using cryptocurrency to wash millions of dollars. The isolated regime has been linked to several crypto-related crimes. The government emphasized its commitment to dismantling these criminal networks as North Korea continue...

Daren Li is looking at a maximum of 20 years in prison after pleading guilty to his role in laundering crypto in a $73 million scam scheme.

China Uncovers $111.36M Crypto Money Laundering Operation Linked to Fraud and Gambling Chinese authorities have uncovered a large-scale crypto money laundering operation involving around 800 million yuan (equivalent to $111.36 million), according to JinSe Finance, citing a report from Guangming Net....

An over-the-counter trader in China, Yicong Wang has allegedly laundered tens of millions in stolen cryptocurrency for the notorious Lazarus Group hacking organization behind several major crypto thefts. On-chain analyst ZachXBT revealed that Wang laundered the stolen assets for the Lazarus Group vi...

Olumide Osunkoya, in a landmark case, is the first UK individual to plead guilty to operating crypto ATM against the law. The 45-year-old Londoner pleaded guilty in Westminster Magistrates’ Court to running crypto-ATMs when not registered to do so, fabricating a document, and possessing criminal pro...

The U.S. Department of Justice (DOJ) has teamed up with other federal and international law enforcement agencies to charge two Russian nationals with multiple cybercrimes, including running illegal crypto exchanges. In a new press release, the DOJ says it is charging Russian nationals Sergey Ivanov ...

The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds.

Justice Emeka Nwite of the Federal High Court in Abuja has denied bail to Tigran Gambaryan, an executive of Binance, a leading crypto exchange. The ruling cited concerns that he might flee if released. Meanwhile, Gambaryan, along with the company, faces a five-count charge related to money launderin...

The Department of Justice (DOJ) has charged two brothers for their supposed involvement in a $25 million cryptocurrency theft on the Ethereum blockchain. Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, are now under the charges of wire fraud and money laundering after their arrest in Boston an...

Alexey Pertsev, the developer of Tornado Cash, has been handed a prison sentence of 64 months by a Dutch court. The ruling is in response to his involvement in money laundering activities totaling $1.2 billion. The verdict was delivered at the s-Hertogenbosch court on Tuesday, May 14. Tornado Cash’s...