Finance News – Global Crypto
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Thailand to block Bybit, OKX and other crypto exchanges on June 28
Thailand’s regulatory authorities have taken action to restrict several cryptocurrency trading platforms due to licensing issues and potential risks related to financial crimes, im...
Read Full Article →Crypto exchanges still post high risks of money laundering, Luxembourg says
Authorities in Luxembourg highlight that cryptocurrency trading platforms pose considerable financial crime risks, as their digital nature and cross-border activities facilitate po...
Read Full Article →Luxembourg flags crypto companies as high risk for money laundering
Luxembourg’s designation of virtual asset service providers as high-risk for money laundering underscores potential financial vulnerabilities tied to extensive crypto transactions...
Read Full Article →Former SafeMoon CEO Braden Karony convicted on all charges in $200M crypto fraud scheme
The conviction of the former SafeMoon CEO highlights significant financial repercussions for investors due to a large-scale fraudulent operation involving the misuse of cryptocurre...
Read Full Article →Man Gets Six Years for Laundering $1M into Bitcoin for Scammers and Drug Dealers
Trung Nguyen from Danvers received a six-year prison sentence for operating an unauthorized money transfer service that illegally converted approximately one million dollars into c...
Read Full Article →CZ refutes claims in latest WSJ article on Trump-linked crypto dealings
The involvement of key figures in overlapping diplomatic and private cryptocurrency ventures has drawn attention to potential risks and complexities concerning investor transparenc...
Read Full Article →US federal court sends Danvers Bitcoin exchanger to prison for laundering over $1m
The court's decision highlights the financial consequences of operating unauthorized cryptocurrency services that violate regulations designed to prevent illicit money flows, resul...
Read Full Article →‘No questions asked’ Bitcoin launderer gets 6 years in prison
The case highlights the financial risks posed by unauthorized digital currency services that facilitate the exchange of large cash amounts into cryptocurrencies while circumventing...
Read Full Article →Jury convicts ex-SafeMoon CEO on all charges
The conviction of the former SafeMoon CEO on multiple felony charges highlights increased regulatory scrutiny on cryptocurrency executives, potentially impacting investor confidenc...
Read Full Article →South Korea tightens crypto rules ahead of institutional market entry
The new regulations are designed to enhance market integrity and investor protection by imposing stricter compliance requirements on digital asset transactions ahead of institution...
Read Full Article →Hong Kong police busts $15M laundering ring that used crypto, 500 bank accounts
The disruption of this illicit operation highlights the extensive use of digital currency and numerous bank accounts to facilitate complex financial crimes involving millions of do...
Read Full Article →New Zealand man arrested in $265M crypto scam tied to FBI probe
Authorities have disrupted a major cryptocurrency fraud scheme involving international cooperation, with suspects allegedly laundering millions through high-value purchases and fac...
Read Full Article →DOJ charges 12 more gamer-turned $263M Bitcoin robbers
The charges highlight how a sophisticated group exploited cybercrime to divert hundreds of millions in cryptocurrency, leading to significant financial losses and impacting several...
Read Full Article →Tornado Cash dev Roman Storm trial goes ahead with slight trim
The trial’s focus on money laundering and sanctions violations charges underscores the potential for significant financial penalties despite the dropped allegation related to unlic...
Read Full Article →Europol busts €21m crypto laundering ring tied to China and Middle East crime groups
European law enforcement agencies successfully disrupted a large-scale digital currency laundering operation facilitating the transfer of more than €21 million for organized crime...
Read Full Article →Telegram shuts the ‘largest darknet marketplace to have ever existed’
The shutdown of a prominent China-based illegal crypto platform, which processed tens of billions in transactions, marks a significant disruption to illicit financial flows facilit...
Read Full Article →Europol helps dismantle $23M ‘mafia crypto bank’
Authorities arrested several individuals involved in an underground financial network that processed over 21 million euros through cryptocurrencies, facilitating illicit activities...
Read Full Article →Europol, Spanish police dismantle ‘mafia crypto bank’ laundering funds across continents
Authorities disrupted a major illicit network that processed over €20 million in cryptocurrency, facilitating cross-border money laundering activities linked to organized crime gro...
Read Full Article →Democrats ask Treasury for ‘suspicious activity reports’ on Trump crypto ventures, mention Justin Su...
Democrats have requested detailed financial documents from the Treasury to investigate possible irregularities in Trump-related cryptocurrency projects, highlighting concerns about...
Read Full Article →Elliptic exposes $8.4B USDT-powered Telegram-based cybercrime hub by Colorado firm Xinbi
The recent investigation revealed that a Telegram-linked platform facilitated billions in digital currency transactions associated with fraudulent activities and financial crimes,...
Read Full Article →Crypto swapper eXch shows signs of life after post-Bybit shutdown
Despite official shutdowns and asset seizures, the crypto swapping platform’s covert continuation highlights persistent challenges in tracing illicit flows and enforcing cross-bord...
Read Full Article →Illicit $8B crypto market Xinbi incorporated in Colorado: Elliptic
The Colorado-registered company linked to a Chinese underground marketplace has facilitated billions in stablecoin transactions, highlighting substantial digital asset flows used f...
Read Full Article →Feds deny late disclosure of evidence in Samourai Wallet case
The ongoing legal dispute could impact regulatory scrutiny and financial liabilities for the Samourai Wallet co-founders, potentially influencing enforcement approaches toward cryp...
Read Full Article →German authorities shut down eXch amid $1.9 billion money laundering allegations, seizes $38 million...
German regulators closed the cryptocurrency platform eXch and confiscated digital assets worth approximately $38 million amid investigations involving suspicious financial activiti...
Read Full Article →Frankfurt authorities seize $38.2m from eXch due to money laundering allegations
Frankfurt officials halted eXch's activities and confiscated crypto assets worth $38.2 million amid investigations linking the platform to laundering proceeds from significant cryp...
Read Full Article →German authorities seize $38 million worth of crypto from eXch exchange
German officials confiscated cryptocurrency assets valued at $38 million from eXch exchange, highlighting regulatory challenges linked to its promotion of minimal compliance with f...
Read Full Article →Binance founder CZ asked Trump to pardon money laundering conviction
Changpeng Zhao’s legal issues and significant financial penalties have influenced Binance’s leadership and operations, with potential pardon implications possibly affecting his fut...
Read Full Article →Ex-SafeMoon CEO claims innocence, blames founder as trial begins
The ongoing trial involving former SafeMoon executives centers on accusations of misappropriating substantial funds from the company’s cryptocurrency holdings, highlighting potenti...
Read Full Article →Suspect in $190M Nomad hack to be extradited to the US: Report
The extradition of the individual linked to a major cryptocurrency security breach underscores the significant financial impact of cyberattacks on digital asset platforms and relat...
Read Full Article →Samourai Wallet says feds hid advice that crypto mixer was in the clear
Lawyers for Samourai Wallet’s founders argue that federal prosecutors withheld regulatory guidance indicating the company’s cryptocurrency mixing service did not require a license,...
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