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Authorities worldwide are cracking down on illicit crypto transactions, tightening financial regulations in response to concerns over anonymity and decentralized finance. Money laundering news follows high-profile cases, new compliance frameworks, and the debate over privacy versus regulation in the blockchain space. Get the latest updates on AML enforcement.
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Crypto laundering network Huione continues to operate at scale, with its transaction volumes increasing even after FinCEN had designated it a primary money laundering concern. Despite reports of its shutdown and removal of its website and Telegram channels, the Chinese-language…
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Hong Kong Customs is partnering with the University of Hong Kong to develop a new tool for tracing cryptocurrency transactions, aiming to combat rising virtual asset-related money laundering activity. The partnership comes as authorities reveal seven suspected cases totaling more…
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Germany’s Financial Intelligence Unit reported a record surge in suspicious activity reports tied to cryptocurrencies last year, even as overall SAR filings declined. In its annual report released Tuesday in Cologne, the FIU stated that 8,711 crypto-related notifications were submitted…
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Bitcoin
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Ethiopia’s Financial Intelligence Service is preparing to regulate virtual currencies, despite their ongoing ban in the country. As initially reported by The Reporter Ethiopia, Ethiopia’s Financial Intelligence Service has announced that preparations are underway to regulate virtual currencies, despite their…
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Banned by Telegram in May, the Huione and Xinbi Market channels have resurfaced under new names, TRM Labs said in a recent update. Despite Telegram’s May 13 ban on the notorious Huione Guarantee and Xinbi Guarantee crypto marketplaces, both appear…
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Tether
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Despite a drop in trading volumes, Luxembourg authorities warn that crypto exchanges remain a significant money laundering concern due to their online operations and international reach. Crypto exchanges continue to carry high risks of money laundering, according to Luxembourg’s latest…
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Three months after one of the largest crypto thefts on record, blockchain data shows that almost half of the $1.4 billion stolen from Bybit has gone dark. Data from cryptocurrency exchange Bybit reveals $644 million in stolen funds — nearly…
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Braden Karony, former CEO of SafeMoon, was found guilty of defrauding investors and using stolen funds to buy luxury homes and vehicles. A New York federal jury has found Braden John Karony, former CEO of SafeMoon, guilty on all counts…
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12 more individuals have been charged in a RICO crypto theft case that allegedly netted over $263 million. A four-count superseding indictment unsealed this week in the U.S. District Court have added twelve new defendants to the RICO (Racketeer Influenced…
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Bitcoin
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The U.S. Department of Justice has dropped a portion of the criminal case against Roman Storm, co-founder of the crypto mixer Tornado Cash, weeks ahead of his trial set for July 14. In a letter dated May 15, Acting U.S.…
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Haowang Guarantee, a massive crypto-powered black market that moved over $27 billion in illicit funds, has been shut down following a Telegram crackdown triggered by new investigative findings. As originally reported by WIRED, Haowang Guarantee, the internet’s largest crypto-fueled black…
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Tether
Exclusive
Roughly 46% of hacked funds sit idle on-chain, suggesting opportunities for post-incident recovery, analysts at Global Ledger say. Hackers are quick, but the systems chasing them are still catching up. A new report by blockchain intelligence firm Global Ledger, based…
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Frankfurt authorities have suspended operations for eXch and seized its crypto assets valued $38.2 million. The platform allegedly facilitated money laundering for major crypto heists including the Bybit and Multisig hacks. According to an official statement issued on May 9,…
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The United States Department of the Treasury has imposed sanctions on the Karen National Army, a Burmese militia group, accusing it of orchestrating large-scale crypto scams alongside other offences. The sanctions were announced on May 5 in a press release…
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Australia’s financial intelligence agency is cracking down on inactive crypto exchanges, warning they could be deregistered to prevent misuse by criminals. The Australian Transaction Reports and Analysis Centre — also known as AUSTRAC — said many crypto exchange providers are…
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XMR’s recent price jump appears more closely tied to the laundering of $330 million in stolen Bitcoin through exchanges than to any major adoption or technology developments. The price of Monero (XMR) unexpectedly surged on Monday, jumping over 50% from…
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