Binance execs trial brought forward despite no access to legal counsel

Amid multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its naira currency.

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Seoul Police Arrest 14 in $12.8 Million Crypto Mining Fraud: Report

The scam instigator evaded capture for months with the help of his lawyer's office manager, who arranged plastic surgery and a fake phone.

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Hong Kong Boy Kidnapped, Ransom Demanded in USDT: Report

Tether, the company behind USDT, continues to face growing scrutiny due to alleged connections with major illicit transactions.

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Europol Claims That Bitcoin Remains Top Choice for Criminals

The report indicates that although Bitcoin is still favored by ransomware groups, the use of Monero (XMR) as an alternative is increasing.

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Crypto payment service Payeer hit with record $10M fine in Lithuania

Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks.

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Cyprus calls for collective crackdown on crypto terror financing

The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.

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Elliptic Warns AI-Driven Crypto Crime is Only Just Begining: Report

Elliptic report reveals AI's rise in crypto crimes, including deepfake scams, state-sponsored attacks, and sophisticated illicit activities.

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FCA Cracks Down on Suspects in $1.2B Illegal Crypto Asset Business

The pair, aged 38 and 44, were arrested, questioned, and later released on bail by the FCA, as investigations continue.

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FCA busts suspects in $1.2B illegal crypto asset business

FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agencys efforts to combat financial crime.

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Nigerian stakeholders demand Binance reveal identity of bribery official

SIBANs executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.

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Nigerian officials proposed secret crypto settlement, claims Binance CEO

Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.

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Coinbase Partners with Meta, Ripple, and Others to Combat Online Fraud

Coinbase, Gemini, Kraken, and other industry leaders have joined forces to combat online fraud.

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Incognito Market Owner Arrested After FBI Tracked Crypto Transactions

At 23, accused of operating the Incognito Market and extorting users, Rui-siang Lin had also refashioned himself as a crypto crime expert.

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Binance helps Taiwan solve $6.2M crypto fraud

Working with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud.

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Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison

Tornado Cash developer Alexey Pertsev sentenced to 5+ years in prison for alleged money laundering.

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IRS Expects Surge in Crypto Tax Crime Cases as Tax Season Concludes

The US Internal Revenue Service (IRS) is bracing for an increase in crypto tax crime cases as taxpayers file their returns on April 15. IRS criminal investigation chief Guy Ficco predicts a rise in charged Title 26 crypto cases this year and beyond. While crypto has been associated with various financial crimes in the past, Ficco anticipates a surge in "pure crypto tax crimes" in the future. (Read More)

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Hong Kong Authorities Unveil Measures to Combat Financial Crime

The Hong Kong Monetary Authority, Police Force, and Association of Banks introduce new measures to tackle fraud and money laundering, including expanded data use and enhanced bank collaboration. (Read More)

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US Treasury Probes $165M Crypto Transactions Linked to Hamas Support: Report

FinCEN's letter suggests that the reported use of cryptocurrency by a militant group may have been overstated.

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Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO [...]

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Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency exchanges including Upbit, Bithumb, Coinone, Korbit, and Gopax have created compliance systems to monitor illegal [...]

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