Japan has arrested a suspect in a Prince Group-linked crypto fraud probe allegedly tied to $15B in dirty money, underscoring crypto’s dark side: scams, laundering, and borderless crime. Bitcoin isn’t the scam — scammers just love the rails.
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Ireland has launched a 30-point financial crime plan that puts illicit crypto transfers squarely in the crosshairs, boosting tracing, freezing, and confiscation powers while tightening pressure on exchanges and investigators.
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Canada is weighing tighter rules for crypto ATMs as regulators link the kiosks to scams, fraud, and money laundering. The machines have become a lightning rod because they make it easy to turn cash into Bitcoin fast — which is handy for legitimate users, and just as handy for scammers. Canada is considering a crackdown […]
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A 22-year-old Newport Beach man has been sentenced to 70 months in federal prison for laundering millions tied to a massive $263 million Bitcoin theft scheme built on hacking, social engineering, and physical burglaries. Evan Tangeman sentenced to 70 months At least $3.5 million laundered Over 4,100 Bitcoin stolen from a single victim Luxury homes, […]
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The UK’s Financial Conduct Authority has launched its first coordinated crackdown on illegal peer-to-peer crypto trading, putting unregistered operators on notice that “casual” is not a get-out-of-jail-free card. First FCA operation against illegal peer-to-peer crypto trading Eight suspected operators targeted across London Joint action with HMRC and SWROCU Unregistered activity “by way of business” can […]
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Thailand’s Crypto Crackdown: SEC Targets Hidden Investors in Bold New Move Thailand’s crypto market is facing a seismic shift as the Securities and Exchange Commission (SEC) rolls out a hard-hitting proposal to unmask the hidden financial backers behind major shareholders of crypto exchanges. With money laundering fears casting a long shadow, this is a clear […]
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Hong Kong’s Biggest Crypto Fraud: 10 More Charged in JPEX Scam Money Laundering Case Hong Kong authorities have escalated their crackdown on the JPEX cryptocurrency scandal, charging ten more individuals—six men and four women—with money laundering and conspiracy to launder money. This case, branded as the city’s largest crypto fraud, has already devastated thousands of […]
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Indian Duo Arraigned in US for Fraud and Money Laundering in Crypto Scams Two Indian nationals, Tejas Patel and Navya Bhatt, have been arrested in the United States on charges of money laundering and fraud tied to a sprawling scam operation that exploited victims across Ohio, Michigan, and Pennsylvania. This case isn’t just a crime […]
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India’s Crypto Crackdown: 49 Exchanges Register as Unregulated Platforms Persist India is tightening the screws on the cryptocurrency sector, aiming to stamp out illicit financial activities while wrestling with a sprawling, often shadowy market. In the 2024-25 fiscal year, 49 exchanges have registered with the Financial Intelligence Unit (FIU), bowing to strict anti-money laundering rules. […]
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Samourai Wallet Co-Founders Sentenced to Prison for Facilitating $237M in Illicit Transactions A major blow to the misuse of privacy tools in the crypto space has landed with the sentencing of Samourai Wallet co-founders Keanne Rodriguez and William Hill. The duo, behind a cryptocurrency mixer linked to over $237 million in illicit transactions, received five […]
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