The THORChain network is facing significant challenges following allegations of a major cryptocurrency theft and subsequent laundering, estimated at $900 million. The Lazarus Group, a North Korean-linked hacking […]
Hong Kong Cracks Down on $15 Million Cryptocurrency Laundering Ring
A joint operation by Hong Kong authorities has resulted in the arrest of 12 individuals, including two prominent ringleaders based in Hong Kong and ten accomplices from mainland […]
US Treasury Goes After Huione Group Over Alleged Crypto Laundering
The US Treasury Department is taking aim at Huione Group in a move targeting alleged crypto money laundering activities. The investigation has revealed an astonishing $4 billion in […]
US Treasury Targets Huione Group for Alleged Links to North Korea’s Cryptocurrency Money Laundering
The U.S. Treasury Department is taking action against the Huione Group, a Cambodia-based company accused of laundering billions in illicit cryptocurrency, potentially connected to North Korea’s notorious Lazarus […]
U.S. Treasury Targets Huione Group for Crypto Laundering Allegations
The U.S. Treasury is proposing to block the Huione Group, a Cambodian conglomerate linked to the illicit online marketplace, from accessing the American financial system. The move follows […]
$330 Million Bitcoin Heist: Tracing Laundered Funds through Monero
A suspected victim’s bitcoin portfolio has been targeted in a large-scale theft, with nearly 3,520 BTC (worth around $330 million at the time) moving from an unknown wallet […]
Crypto Crime Goes Global: Organized Groups Launder Billions with New Coins
Criminals are turning to cryptocurrencies to launder vast sums, utilizing a new wave of specialized coins for illicit purposes, according to Chainalysis findings. This shift signifies the evolution […]
UN Report Uncovers Cryptocurrency’s Role in Organized Crime Laundering
A recent report by the United Nations Office on Drugs and Crime (UNODC) sheds light on a growing threat: organized crime groups using illegal cryptocurrency mining to launder […]
FBI Urges Industry to Block Transactions Tied to Bybit Hackers
The US Federal Bureau of Investigation has issued a call for action, urging crypto node operators, exchanges, and the private sector to block transactions originating from addresses involved […]