Tag: Money laundering
U.S. House Passes Crypto Illicit Finance Bill: Senate Rebuff Expected
The U.S. House of Representatives has passed a bill focused on investigating the illicit use of cryptocurrency in activities such as terrorism and money laundering. The bill, sponsored by Rep. Zach Nunn, aims to...
German Bitcoin Sales See ‘Negligible’ $326M While Receiving Small CoinJoin Deposits
The German government's Bitcoin wallet recently received a small amount of Sats from a CoinJoin address, even as it continues its significant selling activity. According to on-chain data from Arkham Intelligence, the German government...
Heather ‘Razzlekhan’ Morgan Sentenced to 18 Months for Bitfinex Hack
Heather "Razzlekhan" Morgan, who was involved in laundering the proceeds of the 2016 Bitfinex hack carried out by her husband Ilya "Dutch" Lichtenstein, has been sentenced to 18 months in prison. This incident resulted...
Corrupt U.S. Senator Convicted of Bribery After Criticizing Bitcoin
U.S. Senator Bob Menendez, a Democrat from New Jersey, was recently convicted of accepting bribes as a foreign agent. This news came as a shock to many, especially in the crypto community, as Menendez...
Uncovering the Truth: Is Crypto Really Safe?
Cryptocurrency has long been seen as a risky and volatile investment option, with headlines often focusing on scandals and collapses in the industry. However, the truth is that crypto can actually be safer than...
Mexican Cartels Buying Fentanyl Ingredients with Cryptocurrency
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) recently issued an updated advisory to U.S. financial firms, warning them about illegal fentanyl trafficking and its connection to certain cryptocurrencies. The advisory specifically mentioned...