The world’s largest crypto exchange is under fire after investigators found accounts moving $1.7 billion to Iranian entities. Clues about those accounts were in plain sight for over a year.
Category: Money Laundering
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In a Memoir Draft, Changpeng Zhao of Binance Details the Talks Leading to His Prison Time
The New York Times – Business:In a draft of his memoir, Changpeng Zhao, the founder of Binance, laid out the secret negotiations that led to his imprisonment and a run-in with ICE.
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Dutch Prosecutors Fine Louis Vuitton Netherlands in Money Laundering Case
The New York Times – Business:The Dutch subsidiary of the luxury brand agreed to pay a nearly $600,000 settlement in a money laundering and terrorism financing case.
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The Crypto Industry’s $28 Billion in ‘Dirty Money’
As President Trump has championed crypto and the industry has gone mainstream, funds from scammers and other criminal groups have flowed onto major crypto exchanges.
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JPMorgan Alerted U.S. to Epstein Transfers Involving Wall St. Figures
After Jeffrey Epstein’s 2019 death, the bank reported more than $1 billion in potentially suspicious transactions.
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Trump Pardons Founder of the Crypto Exchange Binance
Changpeng Zhao, the richest man in crypto, admitted to money-laundering violations that allowed terrorists and other criminals to move money on Binance.
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Smartmatic Added to Bribery Indictment of the Company’s Executives
Federal prosecutors filed charges last year alleging a scheme to obtain contracts from the Philippine elections commission.
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Crypto Investor Known as ‘Bitcoin Jesus’ Reaches Deal With Prosecutors
In the Trump administration’s latest example of dialing back cryptocurrency enforcement, Roger Ver agreed to pay about $48 million to end a tax fraud case.
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3 Teenagers Arrested Over Cyberattacks That Cost U.K. Retailers Millions
Four people total were arrested in connection with an April cyberattack that disrupted operations at Marks & Spencer, Harrods and Co-op.
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‘Ruinous Burdens’: Border Businesses Struggle Under Trump’s Cartel Crackdown
Federal judges have lauded the government’s goal of rooting out money laundering schemes but questioned the effectiveness of a tactic that’s wreaking havoc on small money services operations.