The world of cryptocurrency, celebrated for its innovation and decentralization, faces a formidable challenge: the escalating tide of crypto laundering. A recent report from blockchain analytics firm Elliptic, as highlighted by Cointelegraph, reveals a truly alarming trend. The use of cross-chain swaps for illicit financial activities has not just risen, but soared by an astounding […]
In a shocking turn of events, a Beijing court has sentenced a tech executive to 14 years in prison for orchestrating a $19.5 million crypto laundering scheme. This case highlights the dark side of cryptocurrency and the lengths criminals will go to exploit the system. How the Crypto Laundering Scheme Worked The scheme involved a […]
The crypto world is watching closely as a jury prepares to decide whether Tornado Cash developer Roman Storm can be held liable for crypto laundering. This landmark Ethereum case could redefine legal boundaries for decentralized finance. What’s at Stake in the Tornado Cash Trial? The trial centers on whether developers should be responsible for how […]
In a shocking turn of events, a Beijing court has sentenced a former tech executive to 14.5 years in prison for orchestrating a massive $19.5 million crypto laundering scheme. This case highlights the growing risks of cryptocurrency-related financial crimes and the sophisticated methods criminals use to exploit digital assets. The $19.5M Crypto Laundering Scheme Uncovered […]
In a startling revelation, Huione Pay, a Telegram-based marketplace, has processed over $100 billion in USDT transactions in just 18 months. Blockchain security firm SlowMist reports $50 billion in deposits and $50 billion in withdrawals, raising serious concerns about illicit activities in the crypto space. Huione Pay’s Massive USDT Transactions Under Scrutiny SlowMist’s findings highlight […]
In a significant move that underscores the global crackdown on illicit financial activities, the U.S. Department of Justice (DOJ) has unveiled a massive indictment against a Russian national, Iurii Gugnin. He stands accused of orchestrating a staggering $530 million crypto laundering operation, alongside widespread sanctions evasion. This case sends a clear message: the digital realm […]
News from the world of on-chain investigation reveals a significant development regarding the **Bitrue hacker**. It appears the individual responsible for the April 2023 exploit, which resulted in a $23 million crypto loss for the Bitrue exchange, is actively engaged in **crypto laundering** using the controversial mixer service, **Tornado Cash**. This activity highlights the ongoing […]
Imagine a single online entity facilitating billions of dollars in illicit financial activity. That’s the alarming picture painted by a recent Elliptic report concerning the online marketplace known as Xinbi Guarantee. According to the blockchain security firm Elliptic, Xinbi has been implicated in a staggering $8.4 billion worth of crypto laundering, primarily utilizing the stablecoin […]
Hold onto your hats, crypto enthusiasts! A recent United Nations report has dropped a bombshell, revealing a disturbing trend: organized crime groups in Southeast Asia are leveraging the very technology we love – blockchain and cryptocurrencies – to launder billions of illicit funds. Specifically, they are creating their own stablecoins and exchanges to bypass traditional […]
Hold onto your hats, crypto enthusiasts! A shocking revelation has surfaced, casting a dark shadow over the seemingly playful world of memecoins. Blockchain analytics firm Lookonchain has ignited a firestorm by alleging that the teams behind LIBRA and MELANIA tokens might be embroiled in a significant crypto laundering operation. Buckle up as we unpack this […]
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