Frank Schneider, the former advisor of OneCoin scam mastermind Ruja Ignatova, has reportedly disappeared while under house arrest in France just before his extradition to the US to face charges of fraud and money laundering.

In an attempt to evade law enforcement, criminals have turned to using digital RMB for money laundering. Recently, the Huishan District Prosecutor's Office in Wuxi, China, handled a case where suspects used a digital RMB wallet to help a cross-border online gambling gang split and transfer stolen funds. The suspects joined a group on a social media platform to use legitimate third-party payment channels to collect payments and then transfer them to designated accounts to earn commissions, a method known as "running points."

Reginald Fowler, a former co-owner of the Minnesota Vikings football team, has been sentenced to 75 months in prison and ordered to pay a forfeiture of $74.02 million and a restitution payment of $5.31 million for his involvement in crypto fraud.

Two Russian nationals, Alexey Bilyuchenko and Aleksandr Verner, have been charged by the US Justice Department for their alleged involvement in the 2011 hack of cryptocurrency exchange Mt. Gox and the subsequent operation of illegal cryptocurrency exchange BTC-e. The charges reveal a complex money laundering operation involving almost 647,000 bitcoins. Bilyuchenko and Verner are accused of conspiring to steal cryptocurrency from Mt. Gox, leading to the exchange's collapse, and using the proceeds to establish BTC-e as a hub for cybercriminals to launder money between 2011 and 2017. The charges demonstrate the US government's commitment to pursuing wrongdoers in the cryptocurrency industry and protecting the financial system from abuse. The recently unsealed court documents also reveal that BTC-e was allegedly used by cybercriminals to transfer, launder, and store the proceeds of their illicit activities, including criminal proceeds from various sources such as hacking incidents, identity theft schemes, and narcotics distribution rings.

A Zimbabwean crypto trader, Lloyd Chiyangwa, has been accused of stealing over $457,000 in digital assets from a client's crypto wallets. Prosecutors allege that Chiyangwa siphoned the funds using seed phrases and passwords he obtained when helping the client set up the wallets.

The SEC's recent legal action against Binance and its CEO has highlighted the ongoing conflict between regulators and cryptocurrencies. The accusation of "commingling" customer funds is especially damaging, as the SEC may seize any opportunity to attack Binance. Meanwhile, Senator Elizabeth Warren has indicated that she will reintroduce legislation on digital asset money laundering, which aims to close loopholes and collaborate with international jurisdictions. The SEC's timing in taking action against Binance is ironic, as June has been the worst month for crypto investors, with daily average returns ranking last from 2021-2023.

Binance, along with its US-based counterpart operator BAM Trading, is facing a class-action lawsuit filed by law firm Silver Miller and co-counsel Kopelowitz Ostrow. The lawsuit alleges that Binance profited from transactions involving stolen cryptocurrency and enabled money laundering by neglecting to establish security measures to verify the lawful ownership of cryptocurrency held in Binance accounts.

Senator Warren has faced criticism from members of the crypto community for her latest comments about the use of cryptocurrency by illegal actors. In a tweet, she expressed concerns about the use of crypto by rogue nations, oligarchs, and drug lords for money laundering, sanctions evasion, and terrorism financing. She plans to introduce a bill to end the use of crypto for illegal activities and bring order to the industry. However, many in the community argue that crypto transactions are transparent and traceable, and that authorities can track them. This comes amid a divided Congress, with Republicans seeking to regulate crypto and leaked memos revealing anti-crypto stances among some Democrats.

BKEX, a crypto exchange registered in the British Virgin Islands, has suspended withdrawals for an undisclosed period after its platform was used for money laundering. The exchange stated that it is cooperating with law enforcement agencies to gather evidence and will fully cooperate with the regulatory investigation. Some users have criticized the exchange's decision to suspend withdrawals for all users, while a BKEX angel assured users that the platform would resume services soon. The incident adds to the increased scrutiny of centralized exchanges following FTX's collapse last year and Hotbit's recent shutdown.

A Dutch court has allowed Tornado Cash developer Alexey Pertsev to question blockchain analytics company Chainalysis in his ongoing money laundering trial. Pertsev was detained in August 2022 for allegedly aiding money launderers through the Ethereum-based decentralized mixing service, Tornado Cash. The court has granted Pertsev permission to question Chainalysis about its methods, albeit in writing, because of the role its data played in his arrest. The trial has been delayed, with deliberations set to begin in 2024. This case could set a precedent for programmers that design permissionless protocols and raise the alert for those working and maintaining open source software.