Crypto Laundering

Highlights: South Korea breaks a major money laundering ring using crypto and local banks. Three suspects face legal action for violating foreign exchange laws. 2025 probe finds 97% of companies involved in illegal 2.2 trillion won transfers. South Korean customs […]

Highlights: Ninth defendant pleads guilty in $263M crypto social engineering scheme. The stolen Bitcoin funded imported cars, rentals, and luxury goods. Tangeman laundered $3.5M using bulk-cash conversions. Evan Tangerman, a 22-year-old Newport Beach resident, pleaded guilty in a large-scale crypto […]

Highlights: US sanctions hit North Korean IT networks accused of laundering millions through stolen cryptocurrency for weapons funding. The Treasury named Russian and North Korean officials who moved stolen crypto into dollars to support Pyongyang programs. A Chinese front firm […]

Highlights: CoinW crypto laundering scandal involved $2.3 billion and 1,539 victims. Fourteen suspects have been indicted, with the lead ringleader facing a 25-year prison sentence. Over 40 fake stores were used to launder funds disguised as investments. Taiwanese authorities revealed […]

Highlights: The US Treasury has sanctioned Garantex and Grinex for laundering crypto funds. Authorities seized $26 million in crypto and dismantled Garantex’s infrastructure during a coordinated operation. TRM Labs noted that Garantex planned sanctions evasion months earlier by creating Grinex […]

Highlights: Tether helps Brazil freeze R$32M in USDT in Operation Magna Fraus in Brazil. Brazilian authorities discovered a personal key involved in the crypto laundering operation. Over 5,000 crypto wallets have been blocked by Tether, aiding global crime investigations. Brazilian […]

Highlights: Garden Finance faces allegations of handling stolen cryptocurrency connected to North Korea’s Lazarus Group. The investigator claims over 80% of the platform’s fees came from illegal laundering activity. Garden Finance denies allegations, but decentralization is questioned due to single-source […]

Highlights: Australian police charged four people over a crypto laundering case involving over 123 million Australian dollars. Authorities seized valuables during raids across Brisbane and the Gold Coast after an 18-month probe. Authorities are monitoring cryptocurrency crime since criminals are […]