Latest News Of money laundering Tag

The fallacy of the ‘crypto’s only good for money laundering’ argument

Business 4 days ago

The fallacy of the ‘crypto’s only good for money laundering’ argument

We’ve all heard the lame excuses—cryptocurrency is only good for criminal activity, cryptocurrency is only useful for money laundering, cryptocurrency has no real purpose—in trying to derail crypto as a legitimate alternative to fiat. Of ...

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Cyprus court drops charges against BTC-e founder

Business 2 weeks ago

Cyprus court drops charges against BTC-e founder

Alexander Vinnik, who allegedly founded the BTC-e cryptocurrency exchange before running off with everyone’s money, just got a brief reprieve. A district court in Cyprus has reportedly dropped a number of charges that had been ...

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Alleged BTC-e operator goes on hunger strike to protest extradition

Business 2 weeks ago

Alleged BTC-e operator goes on hunger strike to protest extradition

A former cryptocurrency exchange executive accused of using BTC to launder billions of dollars is preparing to go on hunger strike, according to statements issued by his legal team. Russian citizen Alexander Vinnik was arrested ...

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Thai siblings linked to $24M crypto scam plead not guilty

Business 1 month ago

Thai siblings linked to $24M crypto scam plead not guilty

The three siblings arrested in Thailand on allegations of fraudulently tricking a Finnish investor into shelling out over $24 million in cryptocurrency have pleaded not guilty to money laundering charges. On Wednesday, the Bangkok Post ...

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Tether’s new banking partner already in hot water

Business 1 month ago

Tether’s new banking partner already in hot water

For all of 2018, cryptocurrency enthusiasts have wanted more transparency of the Tether stablecoin. As far back as January, there have been concerns over the coin’s stability, attributed to the fact that it has not ...

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Binance freezes accounts linked to crypto exchange over money laundering claims

Business 1 month ago

Binance freezes accounts linked to crypto exchange over money laundering claims

Binance has frozen accounts belonging to another cryptocurrency exchange, Wex, after users claimed the latter was involved in money laundering activities. Binance CEO Changpeng Zhao made the announcement on Twitter, stating that they had frozen ...

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US man running unlicensed crypto business via LocalBitcoins faces jail time

Business 1 month ago

US man running unlicensed crypto business via LocalBitcoins faces jail time

A man who ran a Bitcoin Core (BTC) operation through LocalBitcoins could possibly go to jail. According to a press release published on the U.S. Department of Justice (DOJ) website this past Monday, the individual ...

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ShapeShift hits back at ‘deceptive’ Wall Street Journal report

Business 2 months ago

ShapeShift hits back at ‘deceptive’ Wall Street Journal report

Erik Voorhees, the founder of ShapeShift.io, has responded robustly to claims made in the Wall Street Journal (WSJ) that he says are “factually incorrect and deceptive.” In an article entitled ‘How Dirty Money Disappears Into ...

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Greek top court now wants to send Alexander Vinnik to Russia

Business 3 months ago

Greek top court now wants to send Alexander Vinnik to Russia

The highest tribunal in Greece has ruled that Alexander Vinnik, the alleged owner of the disgraced crypto trading platform BTC-e, is to be extradited to Russia, in the latest development in this high profile case. ...

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21-year-old ‘prolific Bitcoin dealer’ indicted on money laundering charges

Business 4 months ago

21-year-old ‘prolific Bitcoin dealer’ indicted on money laundering charges

The number of persons who are getting caught up in all sorts of cryptocurrency-related scams and frauds continues to increase almost by the day. The latest arrest happened in the United States, where an alleged ...

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Thai police nab suspect behind $24M crypto scam

Business 4 months ago

Thai police nab suspect behind $24M crypto scam

In July 26, a warrant for the arrest of Thai actor Jiratpisit "Boom" Jaravijit was issued by the Criminal Court. Thai police have detained Jiratpisit in August 9 under money laundering charges, according to the ...

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Arizona BTC trader gets jail time over money laundering charges

Business 4 months ago

Arizona BTC trader gets jail time over money laundering charges

Thomas Mario Costanzo, a cryptocurrency trader in the U.S. state of Arizona, has been sentenced to serve more than three years in prison after he was found guilty of money laundering charges, the U.S. Department ...

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