Money Laundering News

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.”

Taiwan-based exchange BitoPro confirmed an $11.5 million crypto exploit weeks after the breach, saying user funds and withdrawals were unaffected.

The GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs.

Hong Kong police have arrested 12 people tied to a $15 million crypto laundering operation, which was dismantled on the same day.

Another 12 people have been charged over a massive crypto theft ring, which at one point stole 4,100 Bitcoin from a single person.

Europol and Spanish law enforcement broke a money laundering network that handled over $23 million for migrant smugglers and drug traffickers.

Changpeng Zhao has confirmed that he sought a pardon from Donald Trump for his money laundering conviction, reversing his earlier denial of reports that he had made the request.