Crypto Laundering

According to the report, an organisation operating in Madrid was laundering money with the help of cryptocurrency. The operation of detention of this organization is named MAUNA by the civil guards of Spain. As per the news, the Spanish…
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Arthur Hayes and Benjamin Delo, the founders of BitMEX, have been slapped with a hefty fine of $10 million each after pleading guilty to violating the US Bank Secrecy Act. BitMEX has also now been labeled as a “money-laundering platform”.…
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North Korea has been getting lots of funds by carrying out cyber attacks on cryptocurrency platforms, according to a UN report. The document suspects that money from these cyber attacks is being used to fund its missile and nuclear…
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A Chainanalysis report says that cryptocurrency worth $8.6 billion was used to launder money in 2021. The amount is an increase of 25% when compared to 2020 data, but lower than 2019, when $10.9 billion was laundered through cryptocurrency.…
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