Money Laundering
63 People Arrested in China For $1.7 Billion Money Laundering Scheme.
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…
Elliptic claims that RenBridge was used to smuggle $540 million in illegal funds.
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…
Total money locked in DeFi decreased by 66%, several indices show consistent increase.
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…
Italy grants a regulatory license to Crypto.com.
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…
Lithuanian govt tightens crypto regulations.
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…
For NFT insider trading, an ex-OpenSea executive faces up to 20 years in prison.
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…
Qredo has added blockchain analytics to its FATF ‘Travel Rule’ offering.
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…
OpenSea executive charged with wire fraud and money laundering.
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…
Arthur Hayes, co-founder of Bitmex, avoids prison for violating the US Bank Secrecy Act.
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,…
BitMEX founders plead guilty to violating Bank Secrecy Act
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.…
Market at a glance
BTC$81,546 +0.1%
ETH$2,418 +0.5%
SOL$104.03 +0.7%- Fear & Greed55 Greed
Crypto news on Telegram
New stories as they go live, plus a short market brief every morning at 09:00.
