A former Beijing technology executive has been sentenced to 14.5 years imprisonment for embezzling 140 million yuan and laundering the proceeds through cryptocurrency exchanges. The defendant, identified by the surname Feng, orchestrated the scheme while employed at a short-video platform… Read More »Beijing Tech Executive Sentenced in Landmark 140M Yuan Crypto Money Laundering Case
Crypto laundering via cross-chain methods has surged to $21.8 billion, fueled by the misuse of blockchain bridges, decentralized exchanges (DEXs), and specialized coin swap services. North Korean entities alone account for 12% of tracked illicit crypto activities. Illicit actors employ… Read More »Cross-Chain Crypto Laundering Tops $21.8 Billion as Illicit Actors Exploit Bridges and DEXs
The attacker responsible for the major April 2023 security breach targeting cryptocurrency exchange Bitrue has recently begun transferring stolen Ethereum (ETH) into the privacy protocol Tornado Cash. The hack resulted in approximately $24.4 million in losses following the compromise of… Read More »Suspected Bitrue Hacker Initiates Stolen Ethereum Movement to Tornado Cash