Category: Money Laundering

How Binance’s $6.3 Billion Hack Went Down

The New York Times – Business:
A war room. A global conference call. A founder who live-posted about the largest crypto heist in history. Inside a frantic 24 hours at the world’s biggest crypto exchange.
Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era

The New York Times – Business:
The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.
Midterms Could Shift Focus of Epstein Abuse to Banks’ Role

The New York Times – Business:
With an eye on retaking control of Congress, Democrats are introducing a bill that would hold banks accountable for their handling of Jeffrey Epstein’s finances.
Bank of America Pays $1.8 Billion Fine for Lax Money-Laundering Oversight

The New York Times – Business:
Federal regulators said the bank had waved through suspicious transactions without proper care.
How Correspondent Banking Can Enable Sanctions Evasion

The New York Times – Business:
The correspondent system for banking has enabled globalism — and has been exploited by companies trying to skirt U.S. sanctions.
US Sanctions A7, a Russia Firm That Helps Sidestep Economic Restrictions

The New York Times – Business:
The move follows recent reports detailing how A7, a Russian financial firm, used shell companies around the world to move funds on behalf of restricted Russian businesses.
The Hidden Human Cost of Kim Jong-un’s New Power

The New York Times – On the Runway:
The North Korean leader’s financial and diplomatic leverage rests on the brutal exploitation of his own people, from coal miners to diplomats, at home and abroad.
The Hidden Human Cost of Kim Jong-un’s New Power

The New York Times – On the Runway:
The North Korean leader’s financial and diplomatic leverage rests on the brutal exploitation of his own people, from coal miners to diplomats, at home and abroad.
Two Chinese Firms Used Binance to Launder Iranian Oil Money, US Says

The New York Times – Business:
Federal prosecutors said proceeds from the sale of Iranian oil flowed through Binance, the world’s largest crypto exchange, to finance terrorism.
Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner

The New York Times – Business:
The administration will work with a private Venezuelan oil company that has close ties to the country’s government.
Four Years Ago, a Crypto Boss Went Missing. Now His Successor Has.

The New York Times – Business:
The mysterious collapse of a European cryptocurrency exchange helps to explain why the industry hasn’t shaken off its reputation as a magnet for criminals.
Two Binance Employees Detained in the U.A.E. Amid Police Inquiries

The New York Times – Business:
The detentions of the workers, who have been released, are a sign of legal pressure that the world’s largest crypto exchange faces in the Emirates, which is home to its main regulator.