Category: Laundering
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Binance, KuCoin Cleared by India’s Anti-Money Laundering Regulator
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India’s Financial Intelligence Unit (FIU) has registered Binance and KuCoin, months after banning the cryptocurrency exchanges from operating illegally, Coindesk reported. While KuCoin paid a $41,000 fine and resumed operations, Binance is awaiting a penal decision after a hearing with the Financial Intelligence Unit. Enhance credibility Vivek Agarwal, head of…
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Heir to Cartier empire arrested for attempted money laundering using USDT
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The US Department of Justice (DoJ) has arrested Maximilien de Hoop Cartier, the successor to the French luxury brand Cartier, on charges of money laundering using cryptocurrencies. On May 2 IndictmentThe accused has been accused of drug trafficking and money laundering using the popular stablecoin Tether (USDT). A direct descendant…
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Elliptic Taps Artificial Intelligence (AI) to Crack Down on Bitcoin Money Laundering
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Blockchain analytics firm Elliptic said its researchers have made progress in leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. A recent paper detailing this research was co-authored by researchers from the MIT-IBM Watson AI Lab. Elliptic has revealed the successful identification of illicit proceeds deposited on a cryptocurrency…
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BTC-e founder pleads guilty to laundering stolen Bitcoin
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Alexander Vinnik, co-founder of the now-defunct cryptocurrency exchange BTC-e, has admitted to conspiracy to launder money, marking a significant development in a long-running legal saga. Vinik’s guilty plea comes in the wake of a broader investigation that revealed widespread illegal activities at the stock exchange from 2011 to 2017. BTC-e:…
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Alexander Vinnik Pleaded Guilty In $9 Billion BTC-e Crypto Laundering Case
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Image from the internet The cryptocurrency industry, already under scrutiny for money laundering and other illegal activities, is facing renewed attention in the Alexander Vinnik case. The Russian national has pleaded guilty to a massive $9 billion cryptocurrency laundering conspiracy linked to the defunct BTC-e exchange, highlighting the complex challenges…