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
July 11, 2024 at 06:55PM In 2023, the cryptocurrency industry saw a surge in cybercrime, with ransomware attacks, money laundering, and stolen funds being prevalent. Despite a decrease in money laundering, the value of stolen funds decreased, and cryptocurrency scams remained significant. Darknet markets showed signs of recovery but didn’t reach previous revenue levels. Vigilance … Read more
July 10, 2024 at 04:41PM Online marketplace Huione Guarantee is allegedly aiding money laundering for online scams, particularly “pig butchering” investment fraud, according to researchers. They found that at least $11 billion of transactions on the platform were linked to cybercrime, including investment fraud, data sales, and money laundering. The platform’s lack of moderation and … Read more
November 30, 2023 at 01:48AM The U.S. Treasury has sanctioned Sinbad, a crypto mixer used by North Korea’s Lazarus Group for money laundering. Sinbad has processed stolen virtual currency from major heists and is linked to various criminal activities. Blockchain analysis suggests connections between Sinbad and the also-sanctioned Blender mixer. **Clear Takeaways from Meeting Notes … Read more