Illicit
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Regulation
House digital assets subcommittee hears testimony on role of crypto in crime and illicit finance
The U.S. House Subcommittee on Digital Assets, Financial Technology, and Inclusion heard testimony today from a panel of experts in…
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Regulation
US Senator Asks DOJ To Consider Criminal Charges Against Binance and Tether Over Alleged Illicit Finance Links
US Senator Cynthia Lummis (R-WY) says the U.S. Department of Justice (DOJ) should press criminal charges against Binance crypto exchange…
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Regulation
Lawmakers call for DOJ investigation into Binance, Tether on suspicions of abetting illicit finance
U.S. lawmakers are pressuring the Justice Department to investigate Binance and Tether for allegedly facilitating substantial illicit financing to terrorist…
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Analysis
Coinbase Says Pushing Crypto Offshore May Increase Amount of Illicit Activity
The largest US-based crypto exchange wants to prevent crypto from thriving in offshore jurisdictions. In a new blog post, Coinbase…
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Altcoins
Tether acts against illicit crypto activity in Israel and Ukraine
Despite Tether’s active support of law enforcement, the blockchain industry continued to face criticism. The firm has been at the…
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Scams
$7,000,000,000 in Illicit or High-Risk Funds Laundered Through Cross-Chain Protocols: Crypto Analytics Firm
Blockchain research firm Elliptic says the amount of funds laundered through cross-chain and cross-asset services reached a ten-figure sum in…
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Scams
North Korean Hackers Tapping Russian Crypto Exchanges To Funnel Illicit Digital Assets, According to Chainalysis
A market intelligence firm says that hackers from North Korea are using Russian crypto exchanges known to launder money to…
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Scams
Five accused of illicit $76M cryptocurrency scam captured in Thailand
In a massive cross-border operation, four Chinese nationals and a Lao citizen were apprehended over their alleged involvement in a…
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NFT
Former OpenSea Employee Gets 3 Months in Prison, Illicit Trading
Nathan Chastain, a former product manager at OpenSea, was sentenced on Tuesday to three months in prison (and more) in…
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Regulation
The FBI is cracking down on illicit crypto cash flows
The Federal Bureau of Investigation is aggressively and rapidly escalating efforts to crack down on the illicit usage of cryptocurrencies…
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