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The Turkish government is drafting legislation to expand the powers of its financial crime watchdog, Masak, allowing it to freeze and restrict access to bank and cryptocurrency accounts. The bill…
Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner,…
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024…
A donation of 468 bitcoin to the Ministry of Justice from a convicted drug trafficker has sparked a scandal in the Czech Republic, leading to the resignation of Justice Minister…
Europol has announced the arrest of 17 individuals involved in a criminal parallel banking organization that provided money laundering services across Europe, including the exchange of cryptocurrencies for cash. The…
The Brazilian Federal Police carried out Operation Fantasos, with more than 50 officers executing 11 search and seizure warrants in various locations across Rio de Janeiro. The mastermind behind these…
Carl Erik Rinsch, the director of “47 Ronin,” was arrested on March 18 in West Hollywood, California, after being indicted for wire fraud and money laundering. Prosecutors allege that he…
What is crypto money laundering? Crypto money laundering involves concealing illegally obtained funds by funneling them through cryptocurrency transactions to obscure their origin. Criminals may operate offchain but move funds…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Behrouz Parsarad for running Nemesis, a darknet marketplace that sold illegal drugs. As part…
The hacker behind the $1.39 billion Bybit exploit is said to have successfully laundered all the 499,000 ETH in just ten days. Despite blockchain analytics firms, law enforcement agencies, and…