Laundering

A New Member on the Team: Will Greg Monahan Resolve Binance's Legal Woes?
Aug 23, 2021 at 10:20
News
A New Member on the Team: Will Greg Monahan Resolve Binance's Legal Woes?
The former US Treasury Criminal Investigator, Greg Monahan has joined the world's largest cryptocurrency exchange Binance to oversee the company's global money laundering operations.
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Jul 15, 2021 at 09:15
News
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Since the UK began hunting money launderers, British police have managed to seize over $408 million (£294 million) worth of illegal cryptocurrencies. This shows that the general situation with money laundering using cryptocurrencies in the United Kingdom is alarming.
China and India Face Money Laundering Threat Through Cryptocurrency
Jun 14, 2021 at 10:39
News
China and India Face Money Laundering Threat Through Cryptocurrency
Ever since the first cryptocurrency, Bitcoin, was invented, cases of money laundering have been on a high rise almost every year. Now, China and India are battling with money laundering cases that are a threat to their economy and the finance industry at large.
Blockchain Could Help Russia to Fight Money Laundering Despite Criminals Using Numerous Schemes of Legalizing Funds
Mar 31, 2021 at 14:42
News
Blockchain Could Help Russia to Fight Money Laundering Despite Criminals Using Numerous Schemes of Legalizing Funds
The Russian body Rosfinmonitoring responsible for preventing anti-money laundering will start monitoring cryptocurrency-to-fiat transactions happening in the country.
The Truth About Criminal Reputation of Cryptocurrency
Feb 16, 2021 at 15:03
News
The Truth About Criminal Reputation of Cryptocurrency
For long, there has been a misconception and false narrative surrounding the community of Bitcoin’s or any other cryptocurrency’s role in illicit operations.
Binance Establishes Cybersecurity Alliance to Prevent Fraudulent Activity
Aug 28, 2020 at 12:30
News
Binance Establishes Cybersecurity Alliance to Prevent Fraudulent Activity
After the news that fraudsters use Binance to launder stolen cryptocurrency funds, the exchange decided to take action to stop such activity. They have established a strong cybersecurity alliance.
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Aug 26, 2020 at 14:53
News
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Hackers use Binance cryptocurrency exchange to launder stolen money. As per the report by the federal Bureau of Investigation (FBI), a principal federal law enforcement agency, ransomware dubbed Ryuk has been used since its creation in 2018 to steal cryptocurrency worth $61 million.
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Aug 20, 2020 at 11:58
News
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Ukrainian cryptocurrency market is under-regulated and therefore attractive for those wishing to take advantage of it for criminal purposes. Recently, law enforcers exposed a gang that has laundered about $42 million using cryptocurrency.
Was Twitter Hacked by the North Koreans?
Jul 23, 2020 at 13:31
News
Was Twitter Hacked by the North Koreans?
Twitter attackers have been laundering stolen funds via gambling websites and peer-to-peer marketplaces, leaving a handle that links them to one of North Korea’s hacker groups.
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