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Anti-virus creator John McAfee charged with securities fraud
John McAfee has been charged with securities fraud over a “pump and dump” cryptocurrency scheme. Federal prosecutors unsealed a case against McAfee and his executive advisor and bodyguard Jimmy Gale Watson Jr., claiming the pair earned nearly $2 million by urging Twitter followers...
Articles
Rise in bitcoin ATM create opportunities for money launderers
Cryptocurrency ATMs have seen a surge in interest amid this year's Bitcoin frenzy, fuelling concerns the machines could be exploited by "money mules" looking to wash criminal cash.
Installed in shops, petrol stations and even strip clubs, the machines swap...
News
U.S charges North Korean hackers with stealing $1.3 billion from global financial institutions and firms
Three North Korean computer programmers have been charged by the U.S. Justice Department in connection with a broad range of global cyberattacks.
Federal authorities said Wednesday the programmers were indicted for conducting a series of hacks to steal and extort...
Must Read
Reports find 270 addresses laundered 55% of cryptocurrency linked to criminal activity
Criminals who keep their funds in cryptocurrency tend to launder funds through a small cluster of online services, blockchain investigations firm Chainalysis said in a report last week.
This includes services like high-risk (low-reputation) crypto-exchange portals, online gambling platforms, cryptocurrency...
News
Executive of Chinese social media giant Tencent investigated over “personal corruption” allegations
Chinese tech giant Tencent Holdings Ltd said a company executive is being investigated by authorities over allegations of “personal corruption”, after a media report said the move was linked to sharing of personal data from its popular WeChat app.
The...
Africa
Nigeria’s central bank says it banned cryptocurrency over money laundering concerns
The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country, claiming the digital currency is used for money laundering and terrorism.
The regulator said this in a statement Sunday, days after affirming a 2017 directive to financial...
News
California resident accused of laundering $13 million and operating unlicensed crypto exchange
A California resident is expected to plead guilty to charges of operating an unlicensed exchange and laundering more than $13 million.
49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed...
Europe
European Central Bank’s President claims bitcoin enables money laundering
European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.”
“For those who had assumed that it might turn into a currency -- terribly sorry, but this...
News
Founder of RG Coins cryptocurrency exchange gets 10 years in prison money laundering
The owner of a cryptocurrency exchange used to launder millions of dollars gained from fake online auctions has been jailed for 10 years.
Rossen Iossifov, the Bulgarian owner of RG Coins, was sentenced for his role in laundering criminal proceeds...
Europe
UK public warned about crypto investment risks
Consumers should be prepared to lose all their money if they invest in schemes promising high returns from digital currencies such as bitcoin, a City watchdog has warned.
The volatile nature of cryptoassets was highlighted again on Monday as bitcoin dropped...