Hack-driven crypto laundering triples in 2024 to hit $1.3b, data shows
Hack-related crypto laundering reached $1.3 billion in 2024, marking a 280% increase from 2023, PeckShield reveals. Crypto laundering tied to hacks reached $1.3 billion in 2024, representing representing nearly a threefold increase compared to $342 million in 2023, according to data revealed by PeckShield. In an X post on Jan. 13, the blockchain security firm […]
Russian trio charged in crypto mixer money laundering case
The U.S. Department of Justice has indicted three Russian nationals for operating sanctioned crypto mixers allegedly used by North Korean criminals. Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov have been charged with money laundering in connection with crypto mixing services Blender.io and Sinbad.io, according to the DOJ. Blender operated for four years, […]
Kazakhstan blocks illegal crypto exchanges to combat money laundering
Kazakhstan authorities have blocked over 3,500 illegal cryptocurrency exchanges in a move to address money laundering concerns. According to a recent press release from the AFM RK, the country’s financial watchdog, the regulator liquidated 36 illegal crypto platforms in 2024 with a combined turnover of 60 billion tenge (roughly $112.84 million) and has blocked access […]
Australia to crack down on crypto ATM providers, citing money laundering risk
Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime. Source link
Helix mixer operator gets 3 years in prison for money laundering
Larry Harmon laundered 350,000 BTC, but he was treated leniently for his help in jailing Roman Sterlingov. Source link
Bitcoin mixer operator sentenced to 3 years for laundering over $300m
Larry Harmon, an Ohio resident, has been sentenced to three years in prison for laundering more than $300 million worth of Bitcoin through his darknet service, Helix, according to Bloomberg. The platform operated a tool designed to obscure the origins of cryptocurrency transactions, enabling users, primarily criminals, to move funds undetected, according to the U.S. […]
Tornado Cash co-founder requests dismissal of money laundering charges
In a recent court filing, lawyers representing Roman Storm, the co-founder of Tornado Cash, have filed a motion to dismiss the money laundering charges against him. Source link
