Crypto exchange eXch to close due to accusations of helping Lazarus hackers launder stolen goods from Bybit
The eXch crypto exchange has announced that it will cease operations on May 1 following allegations that it helped money laundering hackers who stole from Bybit $1.5 billion. The majority of the management team voted for this decision. The hack of Bybit was the largest in the history of the crypto industry, and the North Korean Lazarus Group is…
US lifts sanctions against crypto mixer Tornado Cash: TORN token triples
The U.S. District Court for the Western District of Texas overturned the sanctions against the decentralized cryptocurrency mixer Tornado Cash, which had been on the “blacklist” of the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury since 2022. The sanctions were imposed due to accusations of Tornado Cash…
US indicted three Russians for organizing crypto mixers
Three citizens of Russia have been indicted by a US federal grand jury for laundering dirty money through so-called cryptocurrency mixers Blender.io and Sinbad.io.
Tether denies allegations of illegal USDT operations
Tether CEO Paolo Ardoino denies that his company is under investigation by US federal agencies. In his posts on the X platform, he commented the Wall Street Journal (WSJ) publication which refers to a possible investigation of Tether’s activities for violating anti-money laundering laws and non-compliance with sanctions.
U.S. Department of Justice shuts down russian money laundering scheme through three crypto exchanges
U.S. Department of Justice (DOJ) withdrew the domains of three crypto exchanges related to money laundering for the russian federation totaling more than $800 million. According to the press release, UAPS, PM2BTC and Cryptex facilitated illegal transactions. In addition, two Russian citizens have been charged with misappropriating millions of…
Binance founder Changpeng Zhao will spend 4 months in jail — due to «inadequate protection» against money laundering on the crypto exchange
Zhao pleaded guilty in November, and on April 30 received a 4-month prison sentence.
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