Binance allegedly sent more than $346 million in Bitcoin to Bitzlato during May 2018 to its closure last week. Bitzlato’s founder Anatoly Legkodymov was arrested on January 18 for processing over $700...
Tag: MoneyLaundering
US Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report
Recently, Binance has made efforts to increase its commitment to compliance, growing its security and compliance staff by 500% in 2022. Additionally, last fall the company assembled a global advisory ...
U.S. Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report
Federal prosecutors are investigating the relationship between Binance and U.S.-based hedge funds as part of a broader investigation into the cryptocurrency exchange’s possible skirting of money...
Crypto Money-Laundering Bill on the Table
Cathie Wood’s ARK Invest continues to buy on Coinbase’s dip, adding $3.2 million of the crypto exchange’s shares to its portfolio. The investment firm now holds 5.8 million shares. This comes on top o...
Sens. Warren and Marshall introduce new money-laundering legislation for crypto
As the cryptosphere focused on the drama unfolding around FTX, United States Senators Elizabeth Warren and Roger Marshall introduced the Digital Asset Anti-Money Laundering Act of 2022 on Dec. 14. The...
Crypto Problems Grow: Binance Might Face Money-Laundering Charges
The end of the year is proving very eventful, even tumultuous, for the crypto industry. The fledgling blockchain-powered financial-services industry is still wondering what and who will be the collate...
Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls
Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank...
$5.6 Billion Crypto Money-Laundering Scheme Cracked Down
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China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)
Law enforcement agents from Hengyang (a city in the southern Chinese province Hunan) have reportedly busted a criminal group that employed cryptocurrencies to launder 40 billion yuan (approximately $5...
US Extradites Russian On Money-Laundering Charges
The Russian national, who was extradited from the Netherlands, has been accused of money laundering in the Ryuk ransomware case. Russian Accused Pleads Not Guilty 29-year-old Denis Mihaqloviv Dubniko...
India’s ED freezes $46 million of Vauld’s funds on money-laundering charges
Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. India’s Enforcem...
Crypto Exchange Operator Alex Vinnik Extradited to U.S., Faces Money-Laundering Charge
The operator of a Bulgarian cryptocurrency exchange BTC-e has been extradited from Greece to the United States, where he faces charges of operating an unlicensed money service business and money laund...
Binance Denies Involvement in Money-laundering Allegations – crypto.news
Binance, a globally leading cryptocurrency exchange by trading volume, has rejected claims that it was used to launder at least $2.35 billion. Binance Company Executives Cry Foul According to Reuters,...
Tencent Dives on Report of Record Fine for Money-Laundering
(Bloomberg) — Tencent Holdings Ltd. extended losses to close more than 10% lower after the Wall Street Journal reported it faces a record fine for violating Chinese anti-money laundering regulat...
Tencent Stock Sinks on Report of Record Money-Laundering Fine
Text size Tencent headquarters in the southern Chinese city of Shenzhen, in Guangdong province. Noel Celis/AFP via Getty Images Tencent Holdings dropped almost 10% after The Wall Street Journal report...