Laundering

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.
True or False? 3 Key Stereotypes About Cryptocurrency
Jul 20, 2020 at 15:28
News
True or False? 3 Key Stereotypes About Cryptocurrency
When it comes to cryptocurrencies, there are just heaps of viewpoints from the general public, some of which paint a terrible image of digital currencies, while others are stimulating. But it is difficult to start any crypto business without understanding what is true and what isn’t about digital currencies.
Homeland Security Agents Lure LocalBitcoin Trader Into Arrest for Money Laundering
Mar 13, 2020 at 11:12
News
Homeland Security Agents Lure LocalBitcoin Trader Into Arrest for Money Laundering
Washington DC resident Kenneth Warren Rhule is facing charges of money laundering for trading more than $140,000 on Local Bitcoin. The 26-year-old got into Homeland security agents’ radar and was tricked to exchange his cryptocurrency into cash in the hands of undercover Homeland security agents.
US Sanctions Two Chinese Men for Laundering Cryptocurrencies
Mar 04, 2020 at 10:27
News
US Sanctions Two Chinese Men for Laundering Cryptocurrencies
The US Treasury Department's Office of Foreign Assets (OFAC) says it has sanctioned two Chinese nationals who laundered cryptocurrencies stolen by millions of North Korean hackers. Since the industry is still young, most cryptocurrency exchanges are under a major threat of losing their virtual currency holdings to wrong hands.
Is Bitcoin and Cryptocurrency Still Used in Terror Financing?
Feb 24, 2020 at 10:40
News
Is Bitcoin and Cryptocurrency Still Used in Terror Financing?
Since the birth of Bitcoin, cryptocurrencies have been criticized for supporting illegal activities including terror operations, drug trading, human trafficking, money laundering, sex, frauds, monetizing ransomware, purchasing illicit products, and many others. People know how that accusation can damage the reputation and legal status of cryptocurrencies.
Imprisoned OneCoin Crypto Launderer Faults the US Court’s Lawsuit Against Him
Feb 06, 2020 at 13:34
News
Imprisoned OneCoin Crypto Launderer Faults the US Court’s Lawsuit Against Him
American attorney Mark Scott, who used to work for one of the biggest digital currency Ponzi schemes, OneCoin, is now trying to get an exoneration just three months after his conviction by a U.S court of illicit operations, money laundering and scams.
Are Blockchain and Bitcoin New Tools for Criminals?
Jan 19, 2020 at 11:01
News
Are Blockchain and Bitcoin New Tools for Criminals?
Cryptocurrencies and blockchain technology have peculiarities that, in the absence of adequate supervision, mean they are likely to become instruments harmful to the economic and monetary system as a whole, and risky for individual users, and be an additional useful tool for criminal organizations.
Limitations of Bitcoin and Anti-Money Laundering Rules in Europe
Dec 05, 2019 at 09:43
News
Limitations of Bitcoin and Anti-Money Laundering Rules in Europe
The use of Bitcoin and other cryptocurrencies is still difficult to control and requires scrupulous assessment for any reports to Italian authorities. For now, cryptocurrencies for transactions subject to traceability requirements can be used within the limits of cash. Let's give some light to the recent anti-money laundering (AML) regulations.
US Files Complaint Against Defunct Cryptocurrency Exchange
Jul 30, 2019 at 12:34
News
US Files Complaint Against Defunct Cryptocurrency Exchange
US prosecutors recently filed an official complaint against presently-nonoperational cryptocurrency exchange BTC-e and alleged cybercriminal Alexander Vinnik, as per a document filed on Thursday last week in California. Alexander also purportedly holds accounts connected with other major illegal activities, such as the hack of another nonoperational exchange Mt. Gox.
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