US Drug Enforcement Agency Seized $1.8M From Binance in 2022
Federal officials seized nearly $1.8 million in cryptocurrencies from six Binance accounts tied to drug traffickers.
Warren Pledges to Reintroduce Crypto Anti-Money Laundering Bill
Sen. Elizabeth Warren, D-Mass., said she plans to reintroduce legislation with Sen. Roger Marshall, R-Kan., that would extend anti-money laundering laws to a broad array of the cryptocurrency ecosystem. That would include digital asset wallet providers, miners, validators and other blockchain network participants.
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
An alleged money launderer from Russia has pleaded guilty to one count of conspiracy to commit money laundering in the United States. Denis Dubnikov, now 30, was arrested on Nov. 2, 2021 in Amsterdam, handed over by Dutch authorities on Aug. 16, 2022, and first appeared in federal court the next day.
Crypto Money Laundering: Four Exchange Deposit Addresses Received Over $1 Billion in Illicit Funds in 2022
Money laundering in cryptocurrency typically involves two types of on-chain entities and services. Let’s look at some of the money laundering trends we saw in 2022.
South Korea to Start Tracking Crypto Transactions in Bid to Crack Down on Money Laundering
South Korea’s Ministry of Justice plans to start tracking crypto transactions as it looks to crack down on money laundering, it said in a task report published Thursday.
Rinse and Repeat: Venture-Based Money Laundering in Web3
Criminal organizations are using this scheme to transform their illegal funds into seemingly-legitimate Web3 startups and reap high returns.
Global Drug Conspiracy Used Binance To Launder Millions In Crypto, DEA Investigation Finds
A methamphetamine and cocaine gang operating across the U.S., Mexico, Europe and Australia used the world’s biggest cryptocurrency exchange Binance to launder tens of millions in drug proceeds, according to an ongoing investigation by the US Drug Enforcement Administration. Between $15 and $40 million in illicit proceeds may have been funneled through Binance, the DEA alleged.
Mixers and Tumblers: Regulatory Overview and Use in Illicit Activities
The use of mixers and tumblers in various illicit activities such as money laundering and hacks is rapidly increasing.
Binance Denies Reports On Money Laundering Allegations
Binance, the world’s largest crypto exchange by trading volume; is now facing a possible money laundering investigation. The case has been ongoing since 2018 and has gained popularity in light of recent happenings. Reuters has <a href="https://www.reuters.com/article/fintech-crypto-binance-doj-idTRNIKBN2SW0ZY" rel="nofollow">alleged</a> that Binance was employing different tactics to keep information away from public knowledge.
