Money Laundering

Monero Decrypted? Japanese Police Report Breakthrough in Flow Analysis Development

October 23, 2024 Bitcoin.com

bitcoin.com

The Japanese National Police Agency’s Cyber Special Investigation Division announced the arrest of a suspect accused of money laundering, computer fraud, and credit card phishing crimes. Japanese authorities disclosed that they identified the suspect by analyzing his operations on Monero, a highly private and confidential blockchain. Japanese Police Allegedly Catch Money Laundering Ringleader Using Monero […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Nigeria Drops Money Laundering Charges Against Ex-US Federal Agent

October 23, 2024 Bitcoin.com

Binance

The Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the court determined that Gambaryan was merely an employee and could not be prosecuted for crimes allegedly committed by his employer. This decision follows months of […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations

October 20, 2024 Bitcoin.com

bitcoin.com

Bollywood actress Tamannaah Bhatia is reportedly under investigation by India’s Enforcement Directorate (ED) for her alleged role in promoting the “HPZ Token” platform, which is accused of defrauding investors through cryptocurrency schemes. Authorities are probing her potential endorsement of the scam and her promotion of illegal betting-linked IPL content. Bhatia’s involvement remains unclear, but the […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time

20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme

October 18, 2024 Bitcoin.com

Binance

A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses. The money laundering conspiracy charge could result in a 20-year prison […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Ireland drafting urgent crypto laws before EU money-laundering rules

October 17, 2024 Coin Telegraph

Coin Telegraph

Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.

Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.

Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.

No details were shared about the new crypto legislation or when it might come into force. 

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Bybit fully restores withdrawal system following biggest crypto hack of all time

US Prosecutors Seek Reduced Sentence for Bitfinex Hacker Ilya Lichtenstein 

October 16, 2024 Bitcoin.com

bitcoin theft

U.S. prosecutors are requesting a reduced sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex bitcoin heist, citing his significant cooperation in recovering stolen assets. Lichtenstein faces sentencing for stealing 120,000 bitcoin, worth $71 million at the time. U.S. Government Recommends Lighter Sentence for Bitfinex Hacker Due to Cooperation Prosecutors are recommending a lighter […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time

TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy

October 14, 2024 Bitcoin.com

Bank Secrecy Act

TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and the first to […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Binance Executive Tigran Gambaryan To Stay in Nigerian Prison After Judge Rejects His Request for Bail: Report

October 12, 2024 The Daily Hodl

Binance

Binance executive Tigran Gambaryan will reportedly remain imprisoned in Nigeria after a judge denied his request to post bail. According to a new report by Bloomberg, Gambaryan, a former agent of the US Internal Revenue Service (IRS) and Binance’s current crypto compliance officer, had his request for bail rejected by a justice of Nigeria’s Federal […]

The post Binance Executive Tigran Gambaryan To Stay in Nigerian Prison After Judge Rejects His Request for Bail: Report appeared first on The Daily Hodl.

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering

October 11, 2024 Bitcoin.com

bitcoin.com

The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities in banks. Brazilian Authorities Execute Operation Alcacaria Against Crypto Money Laundering Actors […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Nigerian Regulator Pledges to Fight Crypto Fraud

October 10, 2024 Bitcoin.com

Africa

The Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos State Governor Babajide Sanwo-Olu said he supports regulating the crypto sector. Investor Education Nigeria’s securities regulator vows to crack down […]

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Bybit fully restores withdrawal system following biggest crypto hack of all time