November 15, 2024 at 08:04PM Larry Dean Harmon, 41, was sentenced to three years in prison for operating the Grams dark-web search engine and the Helix cryptocurrency laundering service, which handled over 354,000 bitcoins. He pleaded guilty to money laundering and conspiracy, and faces significant financial penalties, including a $60 million fine. ### Meeting Takeaways … Read more
May 15, 2024 at 09:08AM Alexey Pertsev, a main developer of the Tornado Cash cryptocurrency tumbler, has been sentenced to 64 months in prison for his involvement in laundering over $2 billion worth of cryptocurrency. The platform, used by cybercriminals, was sanctioned by the US Department of Treasury. With the fate of the project uncertain, … Read more
May 15, 2024 at 04:54AM Dutch court has sentenced Alexey Pertsev, co-founder of Tornado Cash, to 5 years and 4 months in prison for money laundering. He and other developers failed to prevent the misuse of the decentralized crypto mixer. The case has sparked debate between privacy advocates and governments regarding the criminalization of anonymity … Read more
April 25, 2024 at 06:45AM The U.S. Department of Justice arrested the co-founders of cryptocurrency mixer Samourai for facilitating $2 billion in illegal transactions and laundering $100 million. They face 25 years in prison for money laundering and operating an unlicensed money transmitting business. Samourai’s features were designed to aid criminal activities, leading to arrests … Read more
April 24, 2024 at 04:58PM Keonne Rodriguez and William Lonergan Hill have been charged by the U.S. Department of Justice for operating Samourai, a cryptocurrency mixer service, and laundering over $100 million from criminal enterprises. The service was used for processing over $2 billion in illicit funds, along with offering other features like “Ricochet” to … 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