DOJ Seizes Huione Infrastructure Linked to Billions in Crypto Laundering
In brief The U.S. Justice Department seized a cloud computing account that hosted backend infrastructure for subsidiaries of Cambodia’s Huione Group, which it called “one...
Tag : laundering
Thailand Expands Crypto Mining Probe Into $300M Chinese Laundering Network
In brief Thailand’s Department of Special Investigation has widened a probe into a “grey Chinese capital” network that allegedly used illegal crypto mining to launder...
Ireland flags crypto as major threat in anti-money laundering push
Ireland has identified crypto assets as a “very significant” money laundering and terrorism financing risk and has committed to introducing industry standards governing crypto-related sources...
South Korea Charges 23 Over Crypto Laundering Tied to $11M Cambodian Scam Ring
In brief South Korean police referred 23 suspects and detained two key figures over laundering crypto proceeds from a Cambodia-based phishing group. The crew allegedly...
Hyperliquid, Paradigm urge revision of GENIUS money laundering rule
The lobbying arm of crypto futures exchange Hyperliquid and venture capital firm Paradigm has urged the US Treasury to revise a proposed anti-money laundering and...
Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum
In brief A 47-year old man from the Seattle area helped defraud investors of nearly $100 million, prosecutors said. Victims thought they were investing in...
Washington man gets five years for laundering $97M in fraud proceeds
A Newcastle, Washington, man has received five years in prison for helping move fraud proceeds through bank accounts and crypto exchanges. The U.S. Attorney’s Office...