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 […]
In the volatile world of cryptocurrency, accusations of crypto laundering can trigger immediate alarm bells. eXch platform, a centralized exchange known for its lack of mandatory KYC verification, is currently battling such claims. They stand accused of potentially laundering funds originating from the recent colossal $1.4 billion Bybit hack. This cyberattack, reportedly linked to the […]
In the ever-evolving world of cryptocurrency, where fortunes are made and lost in the blink of an eye, a chilling revelation has emerged from crypto investor Eric Wall. He unveiled on X (formerly Twitter) the intricate and surprisingly protracted methods employed by the notorious North Korean hacker collective, Lazarus Group, to launder their ill-gotten gains. […]
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