Money Laundering

The Chinese police arrested 63 people, in the Mongolian city of Tonglio, for being allegedly involved in a money laundering scheme that netted a whopping 1.7 billion in cryptocurrency using the Tether stablecoin. The investigation, as per…
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RenBridge is a channel that is cross-chain, which is used in funneling money that's between various blockchains. It was used in the facilitation of the laundering of at least $540 million when it comes to cryptocurrency funds related to…
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On August 9th,2022 the US Treasury issued sanctions against a crypto mixer, Tornado Cash. These sanctions were based on the company’s alleged role in using crypto to launder money. Soon after, ETH interval transactions in the amount of 0.1…
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The crypto asset exchange platform, Crypto.com, received regulatory approval from Italy's primary Anti-Money Laundering regulator, Organismo Agenti e Mediatori (OAM). With over 50 million customers across the globe, this regulatory…
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Lithuania is another country which has adopted tight crypto regulations. This step was taken to fight money laundering and other schemes that well-heeled Russian elites may resort to. Russia is under tight sanctions from a number of world…
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Nate Chastain, an ex-executive at OpenSea (a leader in the NFT marketplace), has been charged on accounts of money laundering, wire fraud and insider trading. According to allegations, Chastain took unduly advantage of his exclusive insider…
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Qredo has entered the ring of compliance solution, aiming to bring crypto assets in tandem with AML guidance (Anti-money Laundering). This guidance has been framed by FATF (Financial Action Task Force). What is the “Travel Rule” The…
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The Department of Justice accused the former head of product at OpenSea Nathanial Chastain of insider trading in regards to NFTs. The Manhattan federal court charged him with one count of wire fraud and one count of money laundering.…
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Arthur Hayes, co-founder of Bitmex, avoids prison for violating the US Bank Secrecy Act Here’s a concise crypto market analysis on how BitMex co-founder was found guilty of Crypto Mining, using Blockchain as a Service, and decentralized…
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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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