Elliptic reports North Korean-linked hackers have stolen over $2 billion this year, targeting cryptocurrency platforms and exploiting DeFi vulnerabilities in a sophisticated global crime spree.
Australia’s regulator has ordered an independent audit of Binance’s anti-money laundering controls, citing systemic compliance concerns and pressing for rapid remedial measures to protect consumers and market integrity.
Roman Storm, a developer associated with Tornado Cash, will not testify in his defense, according to his legal team. The decision comes as the case highlights tensions between cryptocurrency innovation and regulatory scrutiny.
Dragonfly Capital is under scrutiny from the Department of Justice regarding its investment in Tornado Cash, a cryptocurrency service linked to money laundering. The firm asserts its commitment to robustly defend its position amid regulatory challenges.
A Russian national is under investigation for allegedly laundering $530 million in cryptocurrency through Tether. Authorities claim the scheme utilized complex transactions to obscure the origin of the funds, raising concerns over regulatory practices in the crypto space.
In a striking turn, hackers linked to a $140 million heist in Brazil are reportedly utilizing cryptocurrency to launder their proceeds. This shift highlights the growing intersection of cybercrime and digital currencies, raising concerns for law enforcement and regulators alike.
In today’s digital landscape, KYC (Know Your Customer) serves as a crucial safeguard for financial transactions. By verifying identities, it builds trust and prevents fraud, ensuring a secure environment for clients and institutions alike. Understanding KYC is essential for navigating modern finance effectively.
A money launderer accused of transferring funds from scam victims now faces up to 20 years in U.S. prison. The defendant allegedly utilized complex financial schemes to conceal the origins of the stolen money, highlighting ongoing challenges in combating fraud.
In a significant turn of events, MyTrade takes the lead in accepting guilt among a cluster of accused firms for market manipulation.
**BTC-e Co-founder Admits to Laundering Billions in Crypto**
Alexander Vinnik, the mastermind behind the infamous BTC-e exchange, has confessed to a staggering money laundering scheme involving over $9 billion in cryptocurrency. Arrested in Greece in 2017 and extradited to the US in 2020, Vinnik has now pleaded guilty to the charges.
Under the plea agreement, Vinnik faces a maximum of five years behind bars, a hefty fine of up to $10 million, and a restitution order of up to $100 million. However, the court’s approval is still pending