Binance exec leaves Nigeria after authorities drop final charges
After eight months’ detainment in Nigeria and court delays, Binance’s head of financial crime compliance, Tigran Gambaryan, is heading home for medical treatment. Go to Source
Money Laundering
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Monero Decrypted? Japanese Police Report Breakthrough in Flow Analysis Development
The Japanese National Police Agency’s Cyber Special Investigation Division announced the arrest of a suspect accused of money laundering, computer fraud, and credit card phishing crimes. Japanese authorities disclosed that they identified the suspect by analyzing his operations on Monero, a highly private and confidential blockchain. Japanese Police Allegedly Catch Money Laundering Ringleader Using Monero … Read more
Chinese trader laundered more than $17M for Lazarus Group in 25 hacks
The North Korean cybercrime group is credited with some of the biggest crypto hacks, including the $600 million Ronin bridge exploit. Go to Source
Nigeria Drops Money Laundering Charges Against Ex-US Federal Agent
The Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the court determined that Gambaryan was merely an employee and could not be prosecuted for crimes allegedly committed by his employer. This decision follows months of … Read more
UK’s finance watchdog defends ‘too tough’ on crypto stance
The FCA has defended its rigorous crypto regulations, countering claims that its high standards stifle innovation and hinder the UK’s global financial leadership. Go to Source
Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations
Bollywood actress Tamannaah Bhatia is reportedly under investigation by India’s Enforcement Directorate (ED) for her alleged role in promoting the “HPZ Token” platform, which is accused of defrauding investors through cryptocurrency schemes. Authorities are probing her potential endorsement of the scam and her promotion of illegal betting-linked IPL content. Bhatia’s involvement remains unclear, but the … Read more
20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses. The money laundering conspiracy charge could result in a 20-year prison … Read more
India’s crypto tax is a gov’t attempt to ‘displace’ the tech — Lawyer
Legal practitioner Amit Kumar Gupta told Cointelegraph that the Indian government’s stance on crypto reflects a lack of understanding of the technology. Go to Source
Ireland drafting urgent crypto laws before EU money laundering rules
Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation. Go to Source
Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds
Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on the Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say. Go to Source