Even before the advent of P2E crypto, anti-money laundering experts have flagged the illicit finance risks around online gaming. In 2019, researchers at the Royal United Services Institute, a U.K. thi...
Tag: Illicit
Crypto regulation in Europe: between licit and illicit activities
The European legislature is moving across the board to regulate anything that may have to do with cryptocurrencies and, more generally, with all crypto-assets. The aspects that seem to be closest to t...
North Korea’s ‘illicit’ crypto holdings heavily impacted by market crash
The recent crypto market crash has left North Korea with millions of dollars in losses on its stolen crypto assets and could affect funding for its weapons program, Reuters reported. Bitcoin’s (BTC) r...
Dogecoin Worth Millions Linked To Illicit Activity Including Terrorism: Elliptic
Dogecoin is increasingly connected to illicit activity including Ponzi schemes, the financing of terrorism and child sex abuse material (CSAM), according to a new report by blockchain analytics firm E...
Dogecoin Worth Millions Linked To Illicit Activity
Dogecoin Price at the time of writing – $0.06245 Infowars has so far raised more than $1,700 (£1,383) in Dogecoin Its Market Cap decreased by 1% over the past 24 hours Dogecoin is progressively associ...
Former Huobi Senior Manager Accused of Illicit Trading: Report
Hong Kong authorities are prosecuting a former senior manager at crypto exchange Huobi, accusing him of illicitly making $5 million by secretly trading against the company. Per a report by The Financi...
Executive From Crypto Exchange Huobi Accused of Netting $5,000,000 via Illicit Trading: Report
Crypto exchange Huobi is reportedly suing a former executive accused of raking in $5 million in Tether (USDT) by secretly trading against a company account under his control. The Financial Times repor...
Former employee of Huobi is accused of illicit trading
A former senior manager at Huobi, one among the world’s largest crypto exchanges, is being prosecuted in port once accusations that he created $5mn by on the Q.T. commerce against an organization acco...
Huobi Accuses Ex-Senior Manager of Illicit Trading
A former senior manager at crypto exchange Huobi has been accused of illicit trading, according to a report from the Financial Times. The report stated that Huobi has filed a lawsuit against Chen Boli...
BIS Report: Regulators Gotta Determine If Miner Extractable Value (MEV) Is Illicit
The Bank for International Settlements has recently published a research paper and has equated miner extractable value (MEV) to illegal activities in conventional markets such as front running and san...
CipherTrace report shows a decline in illicit activity in the crypto ecosystem
? Want to work with us? CryptoSlate is hiring for a handful of positions! Amid the extreme market conditions, a June 13 report by CipherTrace details positive developments in the crypto ecosystem, sug...
Illicit crypto usage as a percent of total usage has fallen: Report
Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain forensics firm CipherTrace. The cryptocurrency in...
Binance used to launder over $2.3 billion in illicit funds, investigation shows
The world’s largest cryptocurrency exchange Binance reportedly acted as a conduit to launder illicit money surpassing over $2.3 billion in five years. Binance was allegedly utilized by hackers, drug ...
New tech streamlines investigations into illicit crypto use
Law enforcement agencies in the US have been rapidly onboarding cryptocurrency investigative tools. A new offering on the market aims to condense chains of crypto transactions into easily viewable tim...
Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
Ben Bernanke says the main use of bitcoin is mostly for underground economy activities BTC Price at the time of writing – $30,350.79 BTC Market Cap is up by 3% in the past 24 hours Previous Fede...
Bitcoin Is Mainly Used in Underground Economy for Illicit Activities – Featured Bitcoin News
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin ...
Illicit Activities in DeFi Sector Seen Rising in Past Two Years: Chainalysis
Illicit cryptocurrency transactions in the decentralised finance (DeFi) sector have been rising over the last two years, according to the Web3 Safety & Compliance report from Chainalysis. Over the...
UK government to introduce bill to tackle illicit finance
The UK will introduce a bill to tackle illicit finance, Prince Charles said in the Queen’s Speech, as he marked the opening of Parliament. “A bill will be brought forward to further streng...
Lot of Illicit Crypto Funds are taken up by The Secret Service
Secret Service has garnered as much as $102 million in illicit crypto The Secret Service has uncovered several attempts to launder money The $102 million stems from more than 250 separate cases The Un...
The Secret Service Has Taken a Lot of Illicit Crypto
The United States Secret Service is working hard to crack down on illicit crypto use. At the time of writing, a new report has been issued claiming that the Secret Service has garnered as much as $102...
AUSTRAC releases 2 new guides to help spot illicit crypto use
Australian financial compliance enforcement agency AUSTRAC has released two new guides to help entities spot when customers are using crypto for illicit means or when they are being forced to pay the ...
Robert Taylor Charged in Illicit Bitcoin ATM Scheme
A man has been charged with running several illegal bitcoin and crypto ATMs in New York that were set up in laundromats throughout the state. Robert Taylor, 35 years of age, has been charged with crim...
Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency – Regulation Bitcoin News
Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement auth...
India’s Finance Minister says crypto could be used for illicit activities
India’s Minister of Finance, Nirmala Sitharaman, believes crypto can help facilitate terrorist financing and money laundering. She said this during the G20 Finance Ministers meeting and the Central Ba...
New rules to stop illicit flows in the EU via Crypto Assets
The regulation is important for the new EU against illegal tax avoidance bundle Point is to guarantee crypto-resources can be followed similarly to customary cash moves There is a shortfall of rules f...
New rules to stop illicit flows in the EU via Cryptoassets
The regulation is important for the new EU against illegal tax avoidance bundle Point is to guarantee crypto-resources can be followed similarly as customary cash moves There is a shortfall of rules f...
What you need to know about today’s Senate hearing on Russia’s illicit crypto use
The Senate Banking Committee is hosting a hearing on crypto’s use in illicit finance on Thursday. The hearing follows up on a wave of speculative worry that Russia will use crypto to evade recent sanc...
Coinjoin BTC mixing tool to block illicit transactions
CoinJoin, a popular Bitcoin (BTC) mixing tool, will block transactions associated or flagged as illegal. The announcement came from the official Wasabi Wallet Twitter account, which Coinjoin is a part...
Sudan Rejects Russian Illicit Gold Smuggling Allegations – Featured Bitcoin News
Sudan has denied claims Russian entities have smuggled hundreds of tonnes of illicit gold from its territory. Officials have called the allegations fake news and suggested that Sudan is in fact lookin...
Malaysia Is Losing Power to Illicit Crypto Miners
People are stealing energy in Malaysia. Why? Because they’re looking to get rich through crypto mining, and now the national utility company in charge of electricity use has a few ideas it’s working t...
Coinbase Halts Several Illicit Accounts from Russia
Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – announced earlier in the week that it is taking heavy action against Russian accounts on its platform. The compan...
In light of Russia sanctions, Senate to hold hearing on crypto in illicit finance
advertisement The Senate is exploring crypto’s use in sanctions evasion next week. The Senate Banking Committee announced the hearing, entitled “Understanding the Role of Digital Assets i...