The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has designated Cambodia’s Huione Group as a primary money laundering concern, citing extensive crypto-related illicit activities on May 1st, 2025. […]
Bitcoin Exchanger Jailed for Laundering Over $1 Million in Cryptocurrency
A Danvers resident has been sentenced to six years in prison for operating an unlicensed Bitcoin money transmitting business that authorities allege laundered over $1 million. Trung Nguyen, […]
Man Sentenced to Six Years for Operating Unlicensed Bitcoin Conversion Service
Trung Nguyen, a Massachusetts resident, has been sentenced to six years in prison for operating an unlicensed cash-to-Bitcoin conversion service. According to the U.S. Attorney’s Office, Nguyen operated […]
Bitcoin Launderer Sentenced to Six Years for Unlicensed Cash-to-Crypto Service
Trung Nguyen, operating an unlicensed cash-to-Bitcoin service dubbed ‘National Vending,’ has been sentenced to six years in prison and ordered to forfeit millions of dollars. The Boston federal […]
Cetus Hacker Deposits $10 Million SUI into Suilend Platform
A significant development has unfolded in the crypto space, as a hacker affiliated with the Cetus group deposited $10 million worth of Sui (SUI) tokens onto the Suilend […]
Illegal Money Transfer Ring Moves $42 Million in USDT Across South Korea-Russia Border
Authorities have exposed a significant illegal money transfer scheme involving the popular cryptocurrency stablecoin USDT, which moved a staggering $42 million from South Korea to Russia. The operation […]
THORChain’s Cross-Chain Swap Triggers Money Laundering Concerns
A recent large ETH sale via the THORChain decentralized exchange has raised red flags for crypto analysts, potentially indicating illicit financial activity. This transaction was flagged for suspicion […]
South Korea Implements Guidelines for Virtual Asset Sales by Nonprofits & Exchanges
The South Korean Financial Services Commission (FSC) has released guidelines for the sale of virtual assets by nonprofits and cryptocurrency exchanges, impacting regulations in June 2025. Nonprofit organizations […]
International Crypto-Linked Kidnapping Case Leads to Arrests
Recent arrests connected to the kidnapping and murder of Guo Congyuan, a prominent businessman known as the ‘Steel King’, have highlighted cryptocurrency’s role in illicit activities. The suspects […]
Europol Dismantles Major Crypto Money Laundering Network, Arrests 17 Suspects
A significant crypto-enabled money laundering operation has been dismantled by law enforcement authorities in Europe, resulting in the arrest of 17 suspects and seizure of criminal assets worth […]
European Law Enforcement Dismantles Cryptocurrency Money Laundering Network
Authorities in Europe have taken down a clandestine banking network suspected of laundering over $23 million using cryptocurrency, according to Foresight News. The operation involved 17 arrests across […]
Hong Kong Police Crackdown on Cryptocurrency Laundering Operation
In a significant move against illicit financial activities, Hong Kong police arrested 12 individuals involved in a major cryptocurrency laundering operation. The arrests were made by the Hong […]
Hong Kong Law Enforcement Dismantles Major Cryptocurrency Money Laundering Operation
In a significant crackdown, Hong Kong law enforcement authorities have arrested 12 individuals suspected of involvement in a large-scale cryptocurrency money laundering scheme. The operation, spearheaded by the […]
Hong Kong Police Dismantle $15 Million Cryptocurrency Money Laundering Ring
The Hong Kong Commercial Crime Bureau has dismantled a major cross-border cryptocurrency money laundering ring, seizing illicit funds worth an estimated $15 million. The operation involved utilizing mainlander […]
$15 Million Crypto Laundering Operation Disrupted in Hong Kong
Hong Kong authorities have successfully dismantled a cross-border crypto laundering operation that allegedly processed over US$15 million in illicit funds. The takedown, led by the Commercial Crime Bureau, […]