On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are accused of an “alleged conspiracy to launder” 94,636 bitcoins stolen from Bitfinex in 2016. Interestingly, both of th...
Tag: Laundering
U.S. Cracks One Of The Biggest Crypto Heists, Arrests Couple For Laundering $4.5 Billion In Bitcoin
The US Justice Department has cracked one of the biggest cryptocurrency heists worth a staggering $3.6 billion in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex. In addition, the ...
Bitfinex laundering defendants released on multimillion bond
FBI agents arrested New York resident Heather Morgan and her husband Ilya Lichtenstein for allegedly conspiring to launder crypto connected to the 2016 Bitfinex hack, in which 119,756 Bitcoin (BTC/USD...
‘Comedic rapper’ charged over Bitfinex hack laundering out on bail
New York resident Heather Morgan, 31, claims to be many things: “a serial entrepreneur, prolific writer, irreverent comedic rapper, and investor in B2B software companies with high growth potential.” ...
OpenSea shows promising start to February despite UST’s money laundering jitters
Opensea saw a record breaking monthly volume of $4.9 billion OpenSea raised $780,209,290.88666 in just the first five days of February Monthly Volumes could cross $15 billion in February, experts pre...
US Treasury Department Concerns NFTs Crime of Money Laundering
The growing popularity of digital artworks as highly valued non-fungible tokens (NFTs) is now a major financial red flag as the United States Treasury Department believes they could be a vital tool fo...
Crypto, NFTs suffering ‘some’ money laundering, manipulative flows inflating prices
Non-fungible tokens have seen a “significant” rise in manipulative practices that exaggerate prices, liquidity and launder money, according to new data — a growing fear as the sector turns...
U.S. Treasury Department Issues Warning, Says NFTs May Be Used for Money Laundering
The U.S Treasury Department is issuing a warning to investors that non-fungible tokens (NFTs) could be used to launder money. In a new study, the agency says that the ability to transfer NFTs instanta...
NFTs Can be Used for Money Laundering, Says U.S. Treasury Department
A new report by the United States Department of the Treasury has revealed that the burgeoning non-fungible token space could be a conduit for money laundering. It says in the report that the increasin...
US Treasury discuss the use of NFT for money laundering
TL; DR Breakdown US Treasury wary of the use of NFT for laundering The agency released its findings in a document The US Treasury breakdown The Non-fungible token sector has continued to rack in tons ...
US Treasury targets NFTs for potential high-value art money laundering
The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financ...
OpenSea shows promising start to February despite UST’s money laundering jitters
NFTs were once the red-headed stepchildren of crypto, facing skepticism and insults all around. However, the narrative has changed dramatically since the NFT Boom of 2021 and the rise of NFT marketpla...
Treasury Department warns NFTs may be used money laundering
advertisement The United States Department of Treasury released a report describing how the non-fungible tokens (NFT) art market fits into money laundering schemes. The Treasury writes that while NFT...
‘Significant’ Wash Trading, Money Laundering in NFT Market: Chainalysis
Chainalysis—a blockchain analytics platform—has found “significant” evidence of wash trading and money laundering in the emerging NFT market. “As is the case with any new technology, NFTs offer poten...
Money Laundering Accounts for Less Than 1% of All Crypto Transactions Last Year: Chainalysis Report
New data from Chainalysis reveals that while money laundering schemes involving digital assets rose last year, they still comprise a tiny fraction of overall crypto transactions. In a new report, the ...
Binance Restricts Over 200 Nigerian Accounts Amid Money Laundering Requirements
Crypto exchange Binance has restricted a total of 281 personal accounts belonging to Nigerian users, per Reuters. Binance CEO Changpeng Zhao (CZ) reportedly told these customers in a letter that the ...
Binance Restricts 281 Nigerian Users in Relation to Money Laundering Laws
Binance restricted 281 Nigerian users in relation to safeguarding international money laundering, CEO Changpeng Zhao said. Zhao said that the accounts were blocked due to a need to comply with interna...
Tornado Cash Crypto Mixer Stoking Money Laundering Fire
One of the most highly-cited criticisms of crypto by politicians and lawmakers is money laundering, and platforms such as Tornado Cash are fueling this fire. While it is true that plain old cash is st...
Chainalysis: Crypto Money Laundering Is Still a Big Deal
According to a new document published by blockchain analysis firm Chainalysis, nearly $9 billion in crypto funds were laundered last year by cybercriminals. Overall, as much as $8.6 billion was placed...
Crypto’s ‘Tornado Cash’ fans money laundering fears, may be ‘tip of the iceberg’
On January 17th, with cryptocurrency prices being widely routed by risk aversion, Crypto.com flagged a “security incident” that caused the operation to freeze withdrawals. Days later, the...
Crypto Money Laundering Booms 30% in 2021
Cryptocurrencies have become the most preferred proceed for fraudsters and criminals due to their anonymity, ease of access, and ability to cross borders. Similarly, cybercrimes in the crypto-space ar...
Cryptocurrency Money Laundering Climbs 30% in 2021
Compared to 2020, the crypto-related activities of cybercriminals surged substantially in 2021. The fraudulent actors laundered more than $8.6 billion worth of cryptocurrency assets last year, which i...
DeFi Becomes Popular Tool For Money Laundering: Chainalysis
The Chainalysis Crypto Crime Report 2022 has observed that DeFi protocols contributed to a significant 37% of all crypto scam revenue in 2021, becoming the preferred tool for money laundering by cyber...
Crypto money laundering up by one third in 2021 but still below record
A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from 2020, but still remains well below the high watermark hit in...
Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report
Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem. This year’s report s...
Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis
And DeFi is not the only crypto-related money laundering method on the rise: Mining pools, high-risk exchanges and mixers also received an increased amount of crypto from wallets tied to criminal acti...
Money laundering via crypto rose 30% in 2021, with DeFi laundering up 20x: Chainalysis
New research from blockchain forensics firm Chainalysis finds that money laundering in crypto grew from $6.6 billion to $8.6 billion between 2020 and 2021. While centralized exchanges with weak know-y...
Binance and anti-money laundering, CZ rejects the accusations
Binance and its CEO Changpeng Zhao have once again landed in the eye of the storm over a Reuters article about the anti-money laundering procedures followed by the exchange. “FUD,” was CZ’s comment to...
Binance Helps Take Down Cybercriminal Ring Laundering $500 Million in Ransomware Attacks
Ransomware has become the biggest threat to online security, affecting all industries connected to the internet – from supply chains, to healthcare institutions. Therefore, a critical part of Binance’...