August 2, 2024 at 01:32PM U.S. and German law enforcement seized the domain of Cryptonator, a crypto wallet platform used for illicit activities, and indicted its operator, Roman Boss, on charges of money laundering and running an unlicensed money service business. Cryptonator failed to implement anti-money laundering controls, enabling illicit transactions totaling over $235 million. … Read more
November 29, 2023 at 11:54AM The U.S. Treasury has sanctioned and international authorities have seized Sinbad.io, a crypto mixer allegedly used by North Korean Lazarus hackers for laundering money, including millions from high-profile crypto heists. The operation involved the U.S., Netherlands, and Poland, targeting the service to prevent illegal activities. Meeting Takeaways: 1. The U.S. … Read more
November 21, 2023 at 08:11PM Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have pleaded guilty to multiple financial crimes. As a result, Binance will pay $10 billion in fines and settlements to the US Department of Justice. The crimes include failure to register as a money services business, violating anti-money laundering … Read more