US sanctions cryptocurrency service allegedly used by North Korea for money laundering
The US Treasury on Monday sanctioned Tornado Cash, a virtual currency mixer, for its use by cybercriminals, including those under US sanctions.
According to a senior Treasury official, Tornado Cash has reportedly laundered more than $7 billion in virtual currency...
Former Twitter worker convicted of spying for Saudi Arabia
A former Twitter employee has been convicted of failing to register as an agent for Saudi Arabia and other charges after accessing private data on users critical of the kingdom’s government in a spy case that spanned from Silicon Valley to...
Alleged Russian Cryptocurrency Money Launderer Extradited to United States
The alleged operator of the illicit cryptocurrency exchange BTC-e was extradited yesterday from Greece to the United States to face charges in the Northern District of California.
“After more than five years of litigation, Russian national Alexander Vinnik was extradited...
Robinhood Crypto Fined $30 Million Over Alleged Violations Of Anti-Money Laundering Rules
Robinhood Crypto, the cryptocurrency arm of Robinhood, has been fined a whopping $30 million by the New York Department of Financial Services (NYDFS) for allegedly violating anti-money laundering (AML), cybersecurity and consumer protection laws.
In a statement Tuesday, Adrienne Harris, the superintendent...
Film producer pleads guilty in fraud investment scams
A movie producer has pleaded guilty to several counts of fraud and money laundering arising from his fraudulent promotion of two cryptocurrency investment schemes, federal prosecutors said.
Ryan Felton, 48, entered the plea on the fourth day of his jury...
Brazil police raids gang allegedly using crypto to launder illegal gold mining
Brazil's federal police on Thursday carried out an operation against an alleged criminal gang that it said used crypto tokens to launder money made from illegal gold mining.
Police arrested five people and served 60 search and seizure warrants in...
Kenya seizes $56.7 million from pan-African payment solutions firm Flutterwave over suspicious transactions
Kenyan authorities have frozen the financial assets of Flutterwave after filing criminal charges against the pan-African payment solutions firm.
The firm was accused of conducting suspicious transactions and failing to comply with financial regulations in Kenya, The Star in Nairobi reported,...
U.S. SEC opens probe against Ericsson over 2019 Iraq bribery report
Ericsson (ERICb.ST) said on Thursday that the U.S. securities regulator has opened an investigation concerning the matters described in the company's 2019 Iraq investigation report.
The Swedish telecom equipment maker said it was fully cooperating with the United States Securities and Exchange...
Former OpenSea Product Manager Arrested and Charged in Alleged NFT Insider Trading Scheme
U.S. prosecutors in Manhattan on Wednesday charged a former product manager at OpenSea, the largest online marketplace for non-fungible tokens, with insider trading, the first such case involving digital assets.
Nathaniel Chastain, 31, of Manhattan, was accused of secretly buying...
Former solar power executive gets prison for $1 billion solar fraud
A former executive of a California solar power company was sentenced Tuesday to eight years in prison and ordered to pay nearly $620 million in restitution for his role in a $1 billion fraud scheme, federal prosecutors said.
Alan Hansen,...