The U.S. Department of the Treasury has proposed banning the Cambodian firm Huione Group from the American financial system over alleged money laundering activities. The proposal, from the […]
U.S. Treasury Targets Huione Group over Alleged Crypto Crime Ties
The U.S. Treasury is taking action against Huione Group, a Cambodia-based company linked to North Korean crypto crimes, aiming to disrupt the flow of illicit funds through the […]
U.S. Treasury Isolates Huione Group Over Crypto Ties, Potentially Disrupting Illicit Activities
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) plans to restrict the access of the Huione Group, a major Cambodian-based entity, to U.S. banking due to its alleged […]
US Treasury Targets Huione for Laundering Cryptocurrency Funds Linked to North Korea
The US Treasury Department is taking action against the Huione Group, a Cambodian-based conglomerate accused of helping North Korean state-sponsored hackers launder cryptocurrency funds. The group faces a […]
U.S. Targets Huione Group, Seeking to Curb Money Laundering through Cybercrime
The U.S. Treasury Department has moved to cut off Cambodia’s Huione Group from accessing the U.S. financial system, citing money laundering concerns linked to cybercrime operations. This action […]
Chinese Crypto Trader Sentenced for Facilitating Illegal Transfers
Xiao Yang, operating from Sunwu County, utilized WeChat to connect buyers and sellers of USDT, offering slightly higher rates than those found on the OKX exchange. As a […]
Crypto Trader Jailed for $16 Million USDT Money Laundering Scheme
A Chinese court has sentenced a cryptocurrency trader, Xiao Yang, to prison for operating a large-scale money laundering scheme involving USDT transactions. He used WeChat for buyer and […]
Crypto Money Laundering Case: Ekaterina Djanova’s Potential Release Raises Concerns
Ekaterina Djanova, dubbed the ‘shadow banker,’ faces a legal twist that could set her free after two years in prison. This case highlights a complex intersection of cryptocurrencies, […]
Organized Crime Uses Meme Coins to Conceal Illegally Gained Funds
Instead of relying on established cryptocurrencies like Bitcoin or Ethereum for money laundering, a UK crime gang has taken a novel approach: they’ve created their own meme coin. […]
Binance Lawsuit Moves to Florida: Court Consolidates Actions Over Money Laundering Allegations
A U.S. court has transferred a money laundering lawsuit targeting cryptocurrency exchange Binance to the Southern District of Florida, streamlining legal proceedings. The decision stems from Judge Barbara […]
US Judge Transfers Binance Lawsuit Over Money Laundering Claims to Florida
A US judge has transferred a case against Binance alleging the company facilitated money laundering to the Southern District of Florida, citing the first-to-file rule. The decision is […]
UN Report Reveals Crypto’s Role in Global Crime Laundering
A new UN report has highlighted the significant use of cryptocurrencies in money laundering by organized crime groups worldwide. The report reveals how anonymity provided by digital currencies […]
eXch Shutting Down Amid Money Laundering Allegations from Bybit Hack
Crypto exchange eXch will cease operations on May 1 following allegations of involvement in laundering funds tied to the $1.4 billion Bybit hack. The platform confirmed it’s shutting […]
Crypto Exchange eXch Closes Down Amid Money Laundering Scrutiny
Crypto exchange eXch will cease operations on May 1st after learning it’s a target of an active investigation for money laundering and terrorism. Allegations suggest the platform was […]
eXch Shutting Down Amid Money Laundering Allegations Following Bybit Hack
The privacy-focused cryptocurrency exchange, eXch, will cease operations on May 1st following accusations that it was used in the laundering of funds stolen from Bybit during a $1.5 […]