Laundering

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.
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.
1 2 ... 7