Sunday, November 28, 2021

cryptocurrency

Montenegro President Milo Djukanovic faces probes over alleged involvement in money-laundering ring

Montenegro’s specialised prosecution has launched a probe into allegations by Albanian oil businessman Rezart Taci that President Milo Djukanovic has been participating in an international money laundering scheme, public broadcaster RTCG reported on November 17. Earlier in November, BIRN published...

BitConnect founder charged with $2 billion cryptocurrency fraud

The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from thousands of retail investors. Expanding a civil case announced in May, the...

Former Manchester United player charged for role in crypto money-laundering scheme

Anderson, a former Brazilian football team and Manchester United Player, has been charged for allegedly being involved in a crypto money-laundering scheme. According to Globo, the retired midfielder was investigated by a court in Brazil after suspicions of his...

Operator of bitcoin mixer Helix pleads guilty to money laundering conspiracy

An operator of a bitcoin “mixer” has pleaded guilty to conspiracy to launder money, the U.S. Justice Department said on Wednesday. Larry Dean Harmon, who ran a mixer called Helix, pleaded guilty Wednesday to conspiracy to launder monetary instruments. He...

UK authorities seize Ethereum worth $9.5 million found in USB sticks

Greater Manchester Police’s Economic Crime Unit of the United Kingdom has conducted a seizing of around $22.25 million after intelligence inquiries found USB sticks with significant amounts of Ethereum (ETH). According to the announcement made by the officials, investigators...

BitMEX agrees to pay $100m to settle U.S. charges

BitMEX, one of the world's largest virtual currency derivatives exchanges, has agreed to pay up to $100 million to settle U.S. charges of unlawfully accepting customer funds to trade cryptocurrencies when it was not registered to do so as...

South Korea reopen probe into alleged fraud case involving Bithumb

Police have reopened an investigation into an alleged fraud case involving a former chairman of the operator of South Korea's largest cryptocurrency exchange Bithumb, informed officials said Monday. The Seoul Metropolitan Police Agency has been probing Lee Jung-hoon, former chairman...

Binance faces probe in India over money-laundering scheme involving betting apps

India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter. The Enforcement Directorate has summoned Binance executives for questioning and...

Robinhood crypto unit expects $10m fine from New York regulators over cyber, anti-money laundering breaches

The cryptocurrency brokerage of Robinhood Markets Inc. expects to pay New York regulators a penalty of at least $10 million for allegedly violating state rules on cybersecurity and anti-money-laundering practices, the company said in filings last week. The unit, Robinhood...

Brazil’s Bitcoin Banco Group president arrested for embezzling $300m crypto funds

Claudio Oliveira, former head of Brazil-based crypto brokerage firm Bitcoin Banco Group, was arrested on Monday for embezzling $300 million worth of investors’ funds. What Happened: According to a press release from Brazil’s federal police, authorities issued arrest warrants for Oliveira and several...

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Former CEO of Philly wholesale produce market gets 10 years in prison for $7.8m fraud

The former longtime CEO of the Philadelphia Wholesale Produce Market was sentenced Monday to 10 years and one month...