The sudden closure of Signature Bank has sent shockwaves throughout the financial industry. It’s become apparent that US regulators were investigating the bank’s dealings with cryptocurrency clients b...
Tag: laundered
SEC Says Do Kwon Laundered Over 10,000 Bitcoin From Terra and Luna Foundation Guard (LFG)
The SEC accuses Kwon of diverting 10K units of Bitcoin from Terra. The Securities and Exchange Commission (SEC) has alleged that Terra co-founder Do Kwon and TerraForm Labs (TFL) were involved in mone...
Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says – Exchanges Bitcoin News
European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds proc...
Over $4B Laundered Through DEXs, Swaps, And Bridges
Blockchain analytics and crypto compliance firm Elliptic has laid bare the extent to which decentralized exchanges and bridges are being used to launder funds. The new report published by the firm ha...
$4 Billion Laundered by Criminals through DEXs, Elliptic Report Shows
Blockchain analytics and security firm Elliptic has shown that criminals operating in the crypto ecosystem explore decentralized solutions in more ways than is known. Through its latest report titled...
Over $4B laundered through DEXs, coin swaps and cross-chain bridges, Elliptic reports
Blockchain security company Elliptic revealed that around $4 billion had been laundered through decentralized exchanges, cross-chain bridges, and coin swaps since 2020. According to the report, the il...
Criminals have laundered $4 billion through DEXs, bridges and coin swaps: Elliptic
Elliptic researchers say financial criminals have laundered billions with the help of popular crypto tools. Since 2020, cyber criminals have used decentralized exchanges (DEXs), cross-chain bridges an...
75% of Laundered ETH Lands on Tornado Cash: Report
Tornado Cash has become a common money laundering platform with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. A substantial magnitude of the illicit funds ...
Jail for scammer who targeted the elderly and laundered funds with crypto
Listen to this article. A scammer who took part in a “heartbreakingly evil” scam that stole money from the elderly and used crypto to launder the funds has been sentenced to nearly four years in priso...
Tornado Cash receives 75% of funds laundered on Ethereum, new research reveals
Considering the magnitude of funds changing hands in the cryptocurrency market every day, cybercrime and money laundering are abundant, with one of the most infamous such incidents involving the crypt...
Alameda-owned RenVM confirms it’s ‘impossible to launder any assets’ through Ren Bridge, debunking claims of $540M in money laundered
Elliptic Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto and news media — entitled “Cross-chain Crime: More Than Half a Billion Dollars has ...
Crypto Criminals Laundered Another Half-A-Billion: Details
As per the CNBC report, criminals used the cross-chain bridge RenBridge to launder more than $540 million since 2020, in crimes related to crypto cash, reported blockchain analytics firm Elliptic. Thi...
Report: $540 Million Laundered by Crypto Criminals Through RenBridge
– Advertisement – A new report shows that over half a billion dollars were laundered by crypto criminals through a service called RenBridge. According to a recent study conducted by Elli...
Criminals Laundered $540M Through RenBridge: Report
Key Takeaways According to blockchain analytics firm Elliptic, the cross-chain bridge RenBridge has been used to launder over $540 million over the past two years. Elliptic’s vice president of p...
WazirX Comes Under Investigation as $350 Million Laundered Through Largest Indian Exchange
Gamza Khanzadaev WazirX is accused of laundering $350 million through crypto, founders already left India As became known from the Economic Times, WazirX, owned by Binance, was investigated in India o...
AnubisDAO Funds Move for the First Time Following Rug Pull, 1,018 ETH Laundered via Tornado Cash – crypto.news
According to a PeckShield notice sent on Friday, a wallet address connected with last year’s alleged AnubisDAO rug pull has begun to move funds from the heist. The hackers already funneled 1,018 ETH v...
Osmosis exploiters laundered $5 million
Established in 2021, diffusion could be a decentralized exchange engineered And hosted on Cosmo blockchain. It’s a native utility token known as “OSMO” deployed last October. Diffusion is that, the la...
At Least $2.4B in Crypto Has Been Laundered Through Binance: Report
A new report from Reuters estimates that at least $2.35 billion in illicit funds have been laundered through Binance between 2017 and 2021. The news agency analyzed court records, spoke with law enfo...
Binance Refutes Reuters Claims That It Helped Criminals Laundered $2.3 Billion
Leading cryptocurrency exchange Binance has responded to an investigative report published by Reuters that claimed the trading platform helped bad actors to launder over $2 billion worth of digital as...
Europol dismantles a parallel banking system for criminals that laundered millions
In a coordinated investigation with Europol’s Financial and Economic Crime Centre (EFECC), the Spanish Civil Guard (Guardia Civil), the German Federal Criminal Police Office (Bundeskriminalamt), and t...
Chainalysis, $14 billion laundered in Bitcoin
According to a report by Chainalysis, the blockchain data analytics company, criminals are continuing to use Bitcoin for their operations. Chainalysis, Bitcoin going hand in hand with crime Along with...
DeFi re-entrancy attack laundered $6.5mn from hundred finance
DeFi is one of the most potential sectors in the crypto ecosystem. Many believe that the industry has the potential to disrupt our mainstream banks. But the industry is also too hot as it faced severa...
Netflix Orders Crypto Series About A Couple That Laundered Worth Billions BTC from the 2016 Bitfinex hack
Famous American streaming service Netflix announced that it has ordered a documentary series about a couple who claimed to have laundered BTC worth around billions of dollars from the 2016 Bitfinex ha...
Millions Of Dollars Laundered Through NFTs — Chainalysis Reports ⋆ ZyCrypto
Advertisement     One of the biggest arguments popular crypto opponents have against decentralization and anonymity in Bitcoin and other cryptocurrencies is the potent...
Chainalysis report says $8.6B was laundered through crypto in 2021
The crypto sector continues to attract bad actors due to its anonymous nature. Governments have been working hard to develop regulations that will curb the use of cryptocurrencies for money laundering...
Criminals Laundered $8.6 Billion Worth of Crypto in 2021: Chainalysis Report
The blockchain-based data platform – Chainalysis – estimated that the total cryptocurrency value laundered in 2021 was $8.6 billion – 30% more than 2020. According to the company, though, such an incr...
Chainalysis report reveals $8.6 billion in crypto laundered in 2021, more than 2020
Crypto crime can be a controversial subject, as the often unregulated nature of the asset makes it easy to accuse investors and entrepreneurs of money laundering – while missing out on real scammers a...
Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an Ethereum Mixer, according to on-chain data. Tornado Cash is a ETH mixer pr...