Money Laundering

Highlights: FinCEN plans to block Huione Group from using the US financial system due to links with cybercrime networks. Huione Group processed over $4 billion in suspicious funds from scams and North Korean cyberattacks. Cambodia revoked Huione Pay’s license, and […]

Highlights: Bybit hacker laundered over half of the stolen funds using THORChain’s cross-chain protocol. THORChain’s privacy features face criticism as a key developer resigns. FBI urges the crypto community to block transactions linked to Bybit hackers. Crypto intelligence platform Lookonchain […]

Highlights: Bybit hacker has laundered 100K ETH tokens valued at about $250 million in four days. The laundered tokens represent 20% of the entire stolen 499K tokens. Spotonchain said that the hacker converted some stolen tokens to Bitcoin and DAI. […]

Highlights: Elliptic said hackers of the Bybit exchange may use mixers to launder $1.4B stolen crypto.  Lazarus Group follows a distinct laundering pattern, starting with exchanging stolen tokens for ETH. Elliptic reports Lazarus is now in the “second stage,” layering […]

Highlights: eXch has denied laundering funds from the Bybit hack but has admitted a small amount passed through its platform. Blockchain analysts claim eXch processed millions in stolen crypto and converted assets linked to the Lazarus Group. Bybit has urged […]

Highlights: Upbit faces FSC sanctions for failing to verify over 700,000 customer identities. Regulators warn of heavy fines, possible suspension, or stricter compliance measures. Cryptocurrencies are coming under more scrutiny in South Korea, affecting exchanges and institutional trading policies. The […]

Highlights: Australian financial intelligence agency intends to target crypto ATMs in the coming year. The agency plans to form a new team to oversee crypto ATM providers. AUSTRAC warns that rule-breakers may face significant financial penalties. On December 6, the […]

Highlights: Ilya Lichtenstein was sentenced to five years for stealing billions in the Bitfinex hack. Prosecutors sought a reduced sentence due to Lichtenstein’s cooperation in multiple investigations. Lichtenstein’s wife pleads guilty and faces up to 10 years for laundering stolen […]

Highlights: Roman Sterlingov received a 12.5-year sentence for running the crypto mixer Bitcoin Fog. Bitcoin Fog laundered $400 million, aiding criminal activities like drug trafficking and identity theft. Sterlingov was ordered to forfeit $395 million, including Bitcoin assets and seized […]

Highlights: Tornado Cash Developer Roman Storm’s trial delayed to April after defense and prosecution battle over expert witness disclosures. The trial schedule will affect the Roman Storm trial, allowing time to settle on Judge Failla’s ruling. Roman Storm could face […]

Highlights: The U.S. government is investigating Tether for potential sanctions violations and money laundering. Tether denies ongoing investigations, calling the WSJ report “pure rank speculation.” USDT has a $120 billion market cap and has faced significant regulatory scrutiny. The United […]

Highlights: Lazarus Group used a Chrome flaw to steal crypto, showing new levels of hacking expertise. North Korean hackers lured victims with a fake game, exploiting a Chrome zero-day vulnerability. Lazarus Group uses a Chinese trader to launder millions in […]