Thailand’s Securities and Exchange Commission (SEC) has initiated legal action against five unlicensed crypto exchanges, citing their operation without a license as a means for money laundering. The […]
Vietnamese Authorities Bust $400 Million Cryptocurrency Scam
Vietnamese authorities have dismantled a major cryptocurrency scam that defrauded tens of thousands of investors out of nearly $400 million. The fraud ring operated under the guise of […]
Luxembourg Tightens Cryptocurrency Regulations, Classifying VASP as High-Risk for Money Laundering
The Grand Duchy of Luxembourg has classified virtual asset service providers (VASPs) as high-risk in its 2025 National Risk Assessment, signaling heightened scrutiny and increased regulatory pressure on […]
Crypto Exchanges Still Pose Money Laundering Risk, Despite Volume Decline
Luxembourg has issued a warning about the continued threat of money laundering from crypto exchanges despite a drop in trading activity. The nation’s National Risk Assessment highlights that […]
Luxembourg Identifies High Money Laundering Risks in Virtual Asset Services
Luxembourg’s latest National Risk Assessment report reveals that virtual asset service providers (VASPs) face a high risk of money laundering. This assessment cites several factors contributing to the […]
Luxembourg Tightens Regulations on Cryptocurrency Services to Combat Money Laundering
Luxembourg is taking a proactive approach to combat money laundering in the cryptocurrency sector by tightening its regulations on service providers. This move comes from the country’s National […]
Luxembourg Classifies Crypto Firms as High Risk for Money Laundering
Luxembourg has identified virtual asset service providers (VASPs) as high-risk entities for money laundering in its 2025 National Risk Assessment (NRA). This classification reflects growing concerns about the […]
U.S. Treasury Targets Huione Group for Money Laundering: Key Takeaways
The U.S. Department of the Treasury has designated the Cambodian-based Huione Group as a major money laundering concern, citing connections to transnational cybercrime networks. This action underscores the […]
Cambodia Faces Crypto Scam Allegations: $19 Billion Fraud Linked to Political Figures
A new watchdog report sheds light on Cambodia as the epicenter of a massive $19 billion crypto scam, involving political figures and the Huione Group. This alleged operation […]
Cambodia’s Huione Group Targeted for Money Laundering Concerns
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 […]