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Money Laundering News
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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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…
News
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…
News
Privacy-focused exchange eXch will shut down operations on May 1 following rising allegations that it was used to launder funds stolen in the $1.5 billion Bybit hack. In an Apr. 17 notice on the Bitcoin Forum, eXch’s team said the…
News
A Chinese court sentenced nine individuals for running a telecom fraud ring that defrauded over 66,000 Indian victims and reportedly laundered proceeds through Tether’s USDT. Nine individuals have been sentenced to prison in China for their roles in a telecom…
USDT
Tether
News
Shady crypto mixing protocol eXch is merging with an offshore entity and restructuring to evade scrutiny over laundering tens of millions stolen from Bybit. Centralized crypto mixing protocol eXch revealed in an update on Bitcoin Talk that it plans to…
Feature
Vitalik Buterin, Ross Ulbricht, and Tucker Carlson are among those urging President Donald Trump to pardon Roger Ver, aka Bitcoin Jesus. Known as Bitcoin Jesus for his early advocacy of Bitcoin, Ver faces up to 109 years in prison on…
BTC
Bitcoin
BCH
Bitcoin Cash
Follow-up
On Mar. 26, an open letter signed by 34 crypto companies urged the U.S. senators and congressmen to correct the code interpretation by the Department of Justice, where the DOJ suggested that web3 developers like the Tornado Cash team were…
BTC
Bitcoin
Follow-up
Although Bybit CEO Ben Zhou says 88% of stolen crypto is still traceable, the recent Bybit hack has been linked to an unprecedented money laundering operation. Is money laundering via crypto on the rise? Let’s break it down. BlackRock’s Larry…
BTC
Bitcoin
News
Blockchain sleuth ZachXBT slammed pseudo decentralized protocols for profiting from North Korea-backed exploits. The crypto industry’s handling of hacks and shady activity is coming under fire, with blockchain sleuth ZachXBT calling out several pseudo-decentralized protocols for profiting from North Korea-linked…
News
Bybit’s CEO says more than $200 million of the $1.46 billion stolen from the exchange has become untraceable due to mixing services. Bybit‘s CEO Ben Zhou says nearly 20% of the funds are now untraceable, just less than two weeks…
Follow-up
The European Union has targeted Russia’s largest sanctioned crypto exchange, though analysts note it has operated successfully under sanctions for years. On Monday, Feb. 24, the European Council introduced the 16th sanctions package, adding Russian cryptocurrency exchange Garantex to the…
News
Alexey Pertsev, the Tornado Cash developer convicted of money laundering in 2024, has been released from prison under electronic monitoring as he continues his legal battle. The 31-year-old Russian national, sentenced to 64 months in a Dutch prison last May,…
News
Tornado Cash developer Alexey Pertsev claims he will be released from prison on Feb. 7 after a Dutch Court canceled his pretrial detention in exchange for electronic monitoring. In a post on X, Pertsev declared that he will be released…
TORN
Tornado Cash
News
Spain’s Guardia Civil, in collaboration with Tether, TRON, and TRM Labs, froze $26.4 million in crypto linked to a European criminal network. Spanish authorities and the T3 Financial Crime Unit blocked $26.4 million in crypto tied to a money laundering…
News
Google removed Huione’s mobile app from its Play Store following reports of criminal activity on the platform.
News
Hack-related crypto laundering reached $1.3 billion in 2024, marking a 280% increase from 2023, PeckShield reveals. Crypto laundering tied to hacks reached $1.3 billion in 2024, representing representing nearly a threefold increase compared to $342 million in 2023, according to…
BTC
Bitcoin
WBTC
Wrapped Bitcoin
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