#CryptoCompliance

Bitfinex Hacker Sentenced to 5 Years, Guilty of Laundering $10.5 Billion in Bitcoin

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November 15, 2024 at 01:39AM Ilya Lichtenstein has been sentenced to five years in prison for his role in the 2016 Bitfinex hack, which stole nearly 120,000 bitcoins. His wife, Heather Morgan, also pleaded guilty and will be sentenced soon. Authorities linked their arrests to laundering schemes involving fake identities and cryptocurrency exchanges. ### Meeting … Read more

FBI warns against using unlicensed crypto transfer services

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April 25, 2024 at 05:19PM The FBI warned against using unlicensed cryptocurrency platforms due to financial risks and potential law enforcement takedowns. It advised checking for Money Services Business registration, providing KYC information, and being cautious with cryptocurrency services. This comes after the takedown of Samourai, its founders’ charges for money laundering, and the substantial … Read more