Singaporean authorities have seized over S$150 million in assets linked to Chen Zhi, the chairman of Prince Group. This action follows a money laundering investigation involving crypto activities […]
China Sentences Five for $166M USDT Laundering Scheme
Five individuals have been sentenced in China to prison terms related to a large-scale cryptocurrency money laundering operation involving the stablecoin Tether (USDT). Authorities uncovered this scheme between […]
South Korea Probes $8.9M Stablecoin Flows Linked to Cambodia
Last year, stablecoin transactions surged significantly between South Korean cryptocurrency exchanges and Cambodian platforms. According to figures revealed by opposition lawmaker Lee Yang-soo, the transfers jumped almost 1,400 […]
CZ Responds to Warren’s Claims: No Money-Laundering Charges
Binance CEO Changpeng Zhao (CZ) has refuted US Senator Elizabeth Warren’s allegations that he
Singapore’s Largest Money Laundering Case: Ex-Citibank Manager Sentenced to Two Years
Wang Qiming, a former Citibank relationship manager, has been sentenced to two years in prison for his role in Singapore’s largest money laundering case, which has involved over […]
Canada Fines Crypto Firm $126 Million Over Money Laundering Violations
Canadian authorities have imposed the largest-ever administrative penalty on a cryptocurrency platform, fining Cryptomus C$176.96 million (USD$126 million) for widespread failure to report suspicious transactions. The Financial Transactions […]
Massive Bitcoin Move Sparks Investigation After LuBian Hacked Address Reactivates
A significant Bitcoin transfer of $1.83 billion from a hacked mining pool has triggered a thorough investigation. 15,959 BTC worth of stolen funds moved after years of dormancy […]
Prince Group’s Sanctioned Wallet Moves 15,965 Bitcoin Amidst Laundering Concerns
Following a major financial disruption targeting transnational criminal group leader Chen Zhi associated with the sanctioned ‘LuBian Mining Pool Wallet,’ 15,965 bitcoins were recently transferred. The transaction, not […]
Record Fine for Crypto Firm Cryptomus after Failing to Report Suspicious Transactions
Canadian cryptocurrency firm Cryptomus, operating under the name Xeltox Enterprises Ltd., has been slapped with a record-breaking fine of $177 million CAD (approximately $126 million USD) by Canada’s […]
US Seizes $14.2 Billion Bitcoin Tied to China’s Pig Butchering Kingpin
The U.S. Department of Justice (DOJ) has initiated a civil forfeiture action to seize approximately 127,000 BTC, valued at around $14.2 billion, associated with Chen Zhi, the chairman […]
Binance Investigated by French Authorities Over Money Laundering
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 […]