Karl Sebastian Greenwood served as OneCoin’s “global master distributor” and was the head of the multi-level marketing scheme, earning GBP20 million each month, according to court documents.
Chinese authorities, acting on a tip-off, launched a massive-scale raid that led to the arrest of 63 people allegedly tied to a money laundering ring using virtual currencies.
If tried in his home country of Luxembourg, Frank Schneider will face up to five years in prison, but extradition to the U.S. could see him face 40 years in prison.
Tornado Cash developer Alexey Pertsev will remain in Dutch custody until February after being identified as a flight risk and slammed with a new money laundering charge.
A Columbia judge ruled that the $4.5 billion BTC laundering case of the hipster New York couple will include national-security information and documents.
An Instagram influencer known as Jay Mazini could face a prison term of up to 20 years after pleading guilty to operating a Ponzi scheme and defrauding $8 million from victims on social media.
South Korea is going hard on its efforts to monitor the digital asset industry as money laundering cases become rampant, with the Financial Services Commission saying it will be on the lookout for 'crypto' whales.
John Khuu was indicted in California and Texas for allegedly laundering $5.35 million in BTC for a drug trafficking ring he operated via the dark web.
Elliptic says that coin swaps cater almost exclusively to criminals and moved $1.2 billion while cross-chain bridges were used to move over $750 million.
Several Chinese entities were busted over their alleged involvement in a fraudulent scheme that saw the misappropriation of millions of dollars of monies, forcing authorities to freeze their funds.
The Enforcement Director D froze a wallet containing 77 BTC, which was bought through WazirX and later transferred to Binance by the operators of E-Nuggets mobile gaming scam.
With the new law, criminal penalties may be applied to exchange operators who fail to provide customer information such as names and addresses when performing transfers with other exchanges.
