Money Laundering News

New data shows stolen crypto is laundered within minutes, often before hacks are even disclosed.

The second week of the Roman Storm trial kicked off with Judge Katherine Failla allowing a witness to testify that Tornado Cash could have been modified to prevent criminal use.

Iurii Gugnin allegedly used fake documents to bypass sanctions and launder $530 million for Russian clients. In the process, he deceived US banks.

Crypto criminals are using crosschain tools such as bridges, DEXs and coin swappers to obscure $21.8B in illicit flows across multiple blockchains.

Looking for love lost $36.9 million to crypto scammers: A story of how Axis Digital turned sweet words into stolen coins and laundered it all to Cambodia.

New Zealand banned crypto ATMs and set a $5,000 cap on overseas cash transfers in a major step to combat money laundering and financial crime.

Australian authorities busted a $123-million crypto fraud. The scheme used seemingly legit businesses for crypto money laundering.

Applying advanced tools for tracking illicit stablecoin transactions is necessary; still, it is not enough to mitigate the risks of mass adoption.

Turkey’s Finance Ministry plans new rules requiring crypto platforms to collect source and purpose data, with limits on stablecoin transfers.

ZachXBT claims over 80% of Garden Finance’s fees are tied to crypto laundering, challenging the project’s decentralization narrative.

Hong Kong Customs and Excise Department teams up with the University of Hong Kong to build a crypto tracking tool amid a rise in money laundering cases involving digital assets.

Five members of an international crypto scam ring are accused of stealing nearly $37 million from American victims and sending the funds to Cambodia.

Evita Pay founder Iurii Gugnin has been accused of using sanctioned Russian banks to launder millions into the US, with the funds used in part to undermine American interests.

A multi-agency investigation traced illicit funds to a suspected $123 million crypto laundering operation hiding behind a security company.

Australian Federal Police say scam losses via crypto ATMs surpassed 3.1 million Australian dollars ($2 million) in a 12-month period, which “may be just the tip of the iceberg.”