A California man was sentenced to 51 months in prison on September 8th, 2025, for laundering over $36.9 million stolen through a cryptocurrency investment scam targeting American victims. […]
California Man Sentenced to 51 Months for Laundering $37 Million in Crypto
Shengsheng He, a California resident, has been sentenced to 51 months in federal prison following his involvement in laundering over $37 million from victims in an international crypto […]
California Resident Sentenced for Role in Cryptocurrency Fraud Scheme
Shengsheng He, a resident of La Puente, California, has been sentenced to 51 months in federal prison for his participation in a cryptocurrency investment scam that resulted in […]
Samourai Wallet Founders Plead Guilty: Impact on Crypto Privacy Under Scrutiny
Two executives of the privacy-focused cryptocurrency wallet, Samourai Wallet, have pleaded guilty to charges related to money laundering exceeding $200 million. This case marks a significant development in […]
Chinese Court Convicts 17 for USDT Money Laundering
A recent court ruling in Fujian, China has convicted 18 individuals of operating an illegal foreign exchange network using Tether (USDT). This operation saw over 13.3 billion RMB […]
Ukraine’s Cryptocurrency Ecosystem Under Scrutiny: New Report Highlights Rise in Illicit Activity
A recent report from the UK’s Royal United Services Institute (RUSI) sheds light on a concerning trend: the growing use of cryptocurrency in illicit financial activities within Ukraine. […]
FinCEN Identifies $312 Billion in Chinese Money Laundering Through U.S. Banks
A new report from FinCEN reveals the staggering figure of nearly $312 billion in suspicious transactions linked to Chinese money laundering networks processed through U.S. banks between 2020 […]
US Banks Facilitate $312 Billion in China-Linked Drug Cartel Funds
A new report from the Financial Crimes Enforcement Network (FinCEN) reveals that Chinese money laundering networks have laundered over $312 billion through US banks between 2020 and 2024. […]
Chinese Laundering Networks: $312B Exposes Financial Systems’ Weakness
A new report from FinCEN reveals a staggering $312 billion in suspicious transactions linked to Chinese networks operating within U.S. banks, highlighting the vulnerability of fiat systems despite […]
U.S. Banks Processed $312 Billion in Chinese Drug Funds, Raising Concerns About Money Laundering Networks
A recent report by the U.S. Financial Crimes Enforcement Network (FinCEN) has revealed that American banks processed a staggering $312 billion in suspicious transactions related to Chinese money […]
Coinbase CEO Argues Blockchain Can Curb $312 Billion Chinese Money Laundering
Coinbase’s chief legal officer, Paul Grewal, contends that blockchain technology offers a solution to the issue of Chinese money laundering. He argues that its transparency can deter criminals […]
US Banks: Laundering Billions, Crypto Faces Scrutiny
New reports reveal a staggering $312 billion in illicit funds funneled through US banking systems by Chinese criminal networks between 2020 and 2024. These funds are linked to […]
US Banks Launder $312B in Dirty Money for Chinese Gangs: New Report Shows Crypto Not Responsible
A new report reveals that US banks laundered an alarming $312 billion for Chinese money laundering networks between 2020 and 2024. The analysis, conducted by the FinCEN, examined […]
Fraud Charges Filed Against Anchorage Man, Indian National: DOJ Investigates Nine-Year Scheme
In a major development, the US Department of Justice (DOJ) has filed charges against Gregg from Anchorage and Pandey from India for a nine-year fraud scheme. The indictment […]
Thai Police Arrest Crypto Launderer Suspected of Stealing $50M
Thailand has arrested a South Korean national, Han, suspected of laundering over $50 million in illicit cryptocurrency by converting it into gold. Han was apprehended at Suvarnabhumi Airport […]