Illicit Funds – DIGIT INFO

Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds

DIGIT — Fri, 30 Aug 2024 00:30:26 +0000

The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that […]

Go to Source

THORSwap goes into ‘maintenance mode’ to counter illicit funds movement

DIGIT — Fri, 06 Oct 2023 09:00:11 +0000

THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.

Go to Source

North Korean crypto hacks down 80% but that could change overnight: Chainalysis

DIGIT — Fri, 15 Sep 2023 01:36:23 +0000

Crypto bad actors from the DPRK have stolen $340.4 million in 2023, down from $1.7 billion from the prior year, but that’s no reason to feel at ease.

Go to Source

Founder of Crypto Exchange Bitzlato Denies US Charges

DIGIT — Thu, 16 Mar 2023 08:30:02 +0000

The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder Legkodymov Appears in US Court Anatoly Legkodymov, one of the […]

Go to Source

Crypto Exchange Bitzlato Restores Access to User Funds

DIGIT — Fri, 03 Mar 2023 12:30:18 +0000

Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money. Bitzlato Allows Withdrawals After Staying Offline for Weeks Users who […]

Go to Source

Report Attributes Large Share of Global Crypto Crime to Russia, Moscow City

DIGIT — Wed, 16 Feb 2022 05:00:11 +0000

The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis. Three Quarters of Ransomware Revenue […]

Go to Source

US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds

DIGIT — Wed, 22 Sep 2021 15:00:12 +0000

The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex to Blacklist The Office […]

Go to Source

Plustoken Cash-Outs Could Be Behind BTC Price Drop, Says Report

DIGIT — Tue, 17 Dec 2019 13:00:51 +0000

On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.” Also read: Mystery Surrounds […]

The post Plustoken Cash-Outs Could Be Behind BTC Price Drop, Says Report appeared first on Bitcoin News.

Go to Source