The group allegedly used Huobi’s platform to transfer the proceeds of fraud to an overseas bank account via digital currency transactions.
Rand research listed three illicit use-cases for digital currencies: money laundering, trade in illicit goods and services, and terrorism financing.
Russia has requested the home detention of alleged fraudster Alexander Vinnik amid concerns over COVID-19.
Huobi has launched Star Atlas, a tool it believes will track illicit transactions on the blockchain, allowing the exchange to detect fraud and money laundering.
The U.S. federal law enforcement department says it has irrefutable evidence that the Russian celebrity laundered money using BTC.
Mark Scott was convicted on charges of laundering as much as $400 million on behalf of the allegedly fraudulent digital currency scheme.
The two were involved in a scam impersonating a customer service Twitter account of digital currency exchange HitBTC.
Kenneth Rhule faces eight charges from U.S. Homeland Security for operating an unlicensed money transmitting business, among others.
John Caruso and Zachary Salter have been accused of running a crypto scam responsible for defrauding some $9 million from its customers.
The nChain chief scientist has penned a stern warning to Binance exchange and its founder and CEO, Changpeng Zhao.
The two North Koreans helped launder money stolen from crypto exchanges, and used other crypto exchanges to do it.