French regulators are taking a closer look at cryptocurrency exchanges, including Binance and Coinhouse, to prevent money laundering. This intensified effort is part of the ongoing process to […]
France Cracks Down on Binance: New Investigation into Crypto Exchange’s AML Compliance
French authorities have initiated a fresh investigation into Binance, raising concerns about the crypto exchange’s adherence to anti-money laundering rules. This move follows France’s commitment to bolstering European […]
Australia Grants AUSTRAC Expanded Authority Over Crypto ATMs to Combat Money Laundering
Australia’s government is introducing legislation that would grant its financial intelligence agency, AUSTRAC, greater authority over crypto ATMs to combat money laundering and financial crime. As the popularity […]
Australia Proposes New Powers to Regulate Crypto ATMs
The Australian government is considering granting the AUSTRAC CEO expanded powers to restrict or even ban certain high-risk products, services, and delivery channels to combat money laundering. The […]
OKX CEO Condemns Huione Group Following $15 Billion DOJ Enforcement Action
OKX CEO and founder, Star Xu, has strongly criticized the controversial Cambodian financial conglomerate, Huione Group, accusing it of causing significant harm to the crypto industry. In a […]
US Seizes $15 Billion in Bitcoin from Cambodian ‘Pig-Butchering’ Scam
U.S. law enforcement has seized over $15 billion worth of Bitcoin as part of a major crackdown on a sprawling international fraud operation dubbed the ‘pig-butchering’ scam originating […]
Chen Zhi Indictment Uncovers $15 Billion Crypto Fraud Case
U.S. authorities have indicted Chen Zhi, chairman of the Prince Holding Group, for allegedly orchestrating a major crypto fraud scheme and money laundering operation. The indictment reveals that […]
US Seizes $14 Billion in Bitcoin, Targeting Crypto Scams and Money Laundering
The United States has seized a significant sum of cryptocurrency – $14 billion worth of Bitcoin – as part of a crackdown on a sprawling international scam operation. […]
U.S. Seizes 127,271 Bitcoin in Ponzi Scheme Case, Raising Concerns About Cross-Border Crypto Crime
The U.S. government has taken a significant step against cross-border crypto fraud by seizing a record-breaking amount of Bitcoin linked to a Ponzi scheme run by Cambodia’s Prince […]
Supreme Court Defies Appeal in OneCoin Lawyer’s Fraud Conviction
The U.S. Supreme Court has rejected Mark S. Scott’s appeal, affirming his conviction for orchestrating a multi-million dollar money laundering scheme associated with the notorious OneCoin cryptocurrency fraud. […]
Kazakhstan Shuts Down Dozens of Crypto Platforms; Seizes $17 Million in Illegal Activities
Kazakhstan, a rising cryptocurrency hub in Central Asia, has taken action against illicit activity in the sector by shutting down numerous crypto platforms this year. The Financial Monitoring […]
CBI Seizes Crypto Assets Linked to $122,000 Florida Bank Scam
The Central Bureau of Investigation (CBI) has seized cryptocurrencies connected to a fraudulent bank impersonation scheme in Florida that resulted in losses of $122,000. The action follows a […]
Record-Breaking Cryptocurrency Seizure: $7.43 Billion Stolen by Chinese National Finally Confessed
The Metropolitan Police have made a historic seizure, recovering a staggering $7.43 billion in cryptocurrency allegedly linked to a seven-year long fraud scheme orchestrated by Zhimin Qian. The […]
Thailand SEC Targets Illegal Crypto Exchanges, Heightening Global Scrutiny
The Thailand Securities Exchange (SEC) is taking a hard stance against unlicensed crypto exchanges for suspected money laundering activities. This move, alongside North Korean hackers’ exploit of Bybit […]
US DOJ Seizes $5 Million Stolen in SIM Swap Attacks, Prosecuting Cryptocurrency Theft
The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint targeting over $5 million worth of Bitcoin (BTC) allegedly stolen through sophisticated SIM swapping attacks across […]