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
May 7, 2024 at 05:42AM Russian operator Alexander Vinnik pleaded guilty to money laundering charges from 2011 to 2017 related to the BTC-e cryptocurrency exchange. Accused of managing BTC-e which facilitated criminal transactions, Vinnik’s actions led to over $121 million in losses. The exchange received billions in transactions and has faced penalties for violating anti-money … 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