The Bank for International Settlements (BIS) has proposed a new system for tracking the origins of cryptocurrency, aiming to make it harder for criminals to convert illicit funds […]
BIS Proposes Cryptocurrency Scoring System to Combat Illicit Activity
The Bank for International Settlements (BIS) has developed a new scoring system for cryptocurrency transactions, designed to identify and flag illicit activity. According to PANews, the proposed system […]
Storm’s Retrial Delayed: Procedural Deadline Extension Impacts Case
Roman Storm’s legal team and US prosecutors have agreed to extend procedural deadlines for a potential retrial on charges of conspiracy to commit money laundering and violating sanctions. […]
ResupplyFi Exploiter Moves $4.3 Million in ETH Amid Money Laundering Allegations
Security firm PeckShield has flagged potential money laundering activity following the transfer of 1,000 ETH (approximately $4.3 million) by an address identified as ResupplyFi Exploiter 3. This transaction […]
India Turns to Youth as Countermeasure Against Cryptocurrency Fraud Networks
Indian authorities are taking a proactive approach to combat cryptocurrency fraud by targeting young individuals actively involved in money laundering schemes. Investigations reveal that youth are being utilized […]
Indian Youth Used as Money Laundering Mules in Crypto Schemes
Authorities in India have raised alarm bells over the exploitation of young adults for illegal financial activities known as money laundering. These individuals are unwittingly employed to transfer […]
Justice Department Targets $36.9 Million Cryptocurrency Scam Ring
Five individuals have pleaded guilty to their roles in a sprawling international cryptocurrency scam, responsible for stealing over $36.9 million from defrauded investors in the U.S. Law enforcement […]
Germany Sees Surge in Crypto Money Laundering: Report Raises Concerns
Germany’s Financial Intelligence Unit (FIU) has flagged a significant rise in crypto-related money laundering cases, revealing an 8.2% increase in suspicious reports during 2024. The rise primarily impacted […]
Germany’s Crypto Money Laundering Reports Soar by Over 8% in 2023
A recent report from Germany’s Financial Intelligence Unit (FIU) highlights a concerning trend: the number of crypto-related money laundering reports has increased significantly. Last year, the FIU received […]
Singapore Police and StraitsX Crackdown on Cryptocurrency Money Laundering
Singapore’s police force joined forces with cryptocurrency platform StraitsX in a joint operation spanning May 13th to 30th to combat illicit money laundering using cryptocurrencies. The operation resulted […]
Tornado Cash Founder Roman Storm Set for Trial, Charges Centered on Money Laundering
Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, faces trial on July 14th at a Manhattan federal court. The charges are related to conspiracy to launder […]
Former Wex CEO Faces Charges in U.S., Extradited from Poland
Dmitry Vasiliev, former CEO of the now-defunct Russian cryptocurrency exchange Wex, has been extradited to the United States. Following his arrest in Warsaw last year at a U.S. […]
Hong Kong Customs Tackles Crypto Money Laundering with New Tracking Tool
To combat rising crypto-related financial crimes, Hong Kong Customs has partnered with the University of Hong Kong to develop a digital tool that tracks suspicious cryptocurrency transactions. This […]
Tornado Cash Used for Crypto Laundering in Bitrue Heist
A recent high-profile cryptocurrency heist involving the Bitrue exchange has shed light on the use of privacy tools like Tornado Cash to obscure illicit funds. The stolen $23 […]
Bitrue Hacker’s Laundering Spree: $30 Million Flown Through Tornado Cash
A crypto thief who stole $23 million from the exchange Bitrue in April 2023 has resurfaced, laundering his ill-gotten gains through the now-sanctioned Tornado Cash mixer. Blockchain analysts […]