Cryptocoins News / Finance Magnates - 7 months ago
Mark Scott,
the lawyer convicted of laundering $400 million from the infamous OneCoin
fraud, has been denied a motion for a new trial despite revelations of false
testimony during his 2019 trial. United States District Judge Edgardo Ramos
made the de...
Bitcoin News / Bitcoin.com - 7 months ago
South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, of...
by COINS NEWS - 7 months ago
Privacy coins have recieved a lot of flak from regulators. Japan banned privacy coins in 2018; South Korea and Australia followed suit, delisting Monero, Dash, Zcash, and other coins from exchanges. Dubai is the latest country to join this list in 20...
Cryptocoins News / Finance Magnates - 7 months ago
South
Korean financial regulators are intensifying their scrutiny of over-the-counter
(OTC) cryptocurrency trades due to rising anxieties about their potential use
in criminal activities. Reports indicate that regulatory authorities in the
country ar...
Cryptocoins News / The Cointelegraph - 7 months ago
Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme. Karl Greenwood, co-founder of OneCoin with Ruja Ignato...
by COINS NEWS - 7 months ago
The point of Bitcoin and other legitimate cryptos was to create an economy outside the traditional finance system. Transactions could be made without oversight or permission. While this is coming to fruition, although maybe not in the same way origin...
Bitcoin News / Bitcoin.com - 8 months ago
On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm...
Cryptocoins News / Blockchain - 8 months ago
The European Banking Authority (EBA) has closed its public consultation on revising guidelines for money laundering and terrorist financing risk factors, extending the scope to include crypto-asset service providers (CASPs). ConsenSys, MetaMask's dev...
Cryptocoins News / Blockchain - 8 months ago
Tornado Cash co-founders Roman Storm and Roman Semenov have been indicted for money laundering, sanctions violations, and operating an unlicensed money transmitting business. The US Treasury added Semenov to its list, preventing US residents from usi...
Cryptocoins News / CoinJournal - 8 months ago
DOJ has arrested Storm and is on the lookout for Semenov.
Tornado Cash was used in several crypto heists last year.
OFAC had sanctioned Tornado Cash in August of 2022.
Co-founders of Tornado Cash &- a fully decentralised crypto mixer based out...
Cryptocoins News / The Cointelegraph - 8 months ago
Roman Semenov was placed on OFAC’s sanctioned persons list, and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer. The United...
Cryptocoins News / EthereumWorldNews - 8 months ago
Tornado Cash founders Roman Storm and Roman Semenov were charged with money laundering and sanctions violations.U.S. Attorney Damien Williams said developers knew their technology was used to launder at least $1 billion in illicit profits.The Treasu...
More / Bitcoin Reddit - 9 months ago
Call your congressional representative and tell them you do not support the Digital Asset Anti-Money Laundering Act. https://www.congress.gov/members/find-your-member submitted by /u/fnetma [link] [comments]
Bitcoin News / Google News Bitcoin - 9 months ago
'Bitcoin Bonnie and Clyde' plead guilty to money laundering hacked crypto& & Fox Business'Bitcoin Bonnie and Clyde' plead guilty in 'spy novel'-like laundering case& & The Washington PostRazzlekhan and husband guilty of $4.5bn Bitcoin launder& & BBC
Bitcoin News / Bitcoinist - 9 months ago
Ilya Lichtenstein and Heather Morgan (also known as the “Crocodile of Wall Street”), have pled guilty to the money laundering conspiracy charges leveled against them by the United States Department of Justice (DOJ). According to the statement release...
Bitcoin News / Bitcoin.com - 9 months ago
In an unexpected revelation, Ilya Lichtenstein, 35, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex, a theft that was once worth $4.5 billion. Lichtenstein made the admission while pleading guilty to lau...
Cryptocoins News / The Cointelegraph - 9 months ago
The identity of the hacker or hackers behind an exploit that removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3....