cryptocurrency

DOJ Charges Binance With Extensive Money-Laundering Scheme and Sanctions Violations

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According to US prosecutors, Binance is accused of processing approximately $275 million in deposits and withdrawals to BestMixer, a cryptocurrency “mixing” service that aimed to obscure cryptocurrency transactions. The Dutch law enforcement closed down this service in May 2019 due to a money-laundering investigation. The charging document also alleges that Binance users included ransomware groups, … Read more

Federal Authorities Seize Sinbad Crypto Mixer Allegedly Used by North Korean Hackers

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In a coordinated effort between the FBI and the Dutch Financial Intelligence and Investigation Service, the websites of a crypto mixer have been seized. The mixer was allegedly utilized by North Korean hackers and multiple cybercriminals to launder stolen funds and obscure transactions. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) … Read more