money laundering
DOJ Created NexFundAI Crypto Firm in Crypto Scamming Sting
The DOJ created NexFundAI, a false cryptocurrency company and token, in a sting that nabbed 19 people and companies accused of scamming investors by falsely creating the illusion of activity around their ...
International Raids Shut Down Ghost Encrypted Messaging App
Europol headed up an international law enforcement operation against the operators and users of Ghost, an encrypted messaging app that was used by criminal organizations worldwide for drug trafficking, money laundering, and ...
Ukrainian REvil Hacker Gets 13-Year Sentence Plus $16M Fine
In a significant victory against cybercrime, the Ukrainian REvil hacker has been sentenced to over 13 years in prison and ordered to pay a hefty fine of $16 million for orchestrating thousands ...
Crypto Mixer Money Laundering: Samourai Founders Arrested
The recent crackdown on the crypto mixer money laundering, Samourai, has unveiled a sophisticated operation allegedly involved in facilitating illegal transactions and laundering criminal proceeds. The cryptocurrency community was shocked by the ...
Elliptic Shows How an AI Model Can Identify Bitcoin Laundering
The blockchain analysis company is using a deep learning model, new AI techniques, and a massive dataset to better detect and track money laundering on a Bitcoin blockchain ...
Nigeria, Romania, Russia, U.S. Among Top Cybercrime Nations
Russia and Ukraine topped a list of cybercrime-producing nations, followed by China and the United States, with African nation Nigeria rounding out the top five ...
LockBit Hacker Sentenced To 4 Years Jail Plus Fined $860K
Recent reports about legal proceedings, a 34-year-old Russian-Canadian national, Mikhail Vasiliev, has been handed a sentence of almost four years in Canadian prison. Vasiliev’s involvement in the global ransomware scheme known as ...
Maryland Busts $9.5 Million #BEC Money Laundering Ring
Three indictments have been unsealed in Maryland that document an extensive network of shell companies that were used to wash at least $9.5 Million in funds from at least fifteen #BEC (Business ...
Classic Baggie: A Delaware BEC Case calls him the leader of an International Criminal Organization
The U.S. Attorney's office in Delaware charged Olugbenga Lawal with being a major money launderer for a Nigerian-based international criminal organization that specialized in Business Email Compromise (#BEC) and Romance Scam. Lawal ...
Bitzlato Founder Money Laundering Cryptocurrency Scandal
In a significant development, Anatoly Legkodymov, the Russian founder of the now-defunct Bitzlato cryptocurrency exchange, has recently pleaded guilty to charges related to operating an unlicensed money-transmitting business. The implications of this ...
