Crime

Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto

The U.S. arrested an alleged money launderer Tuesday on accusations of using cryptocurrencies and cashier’s checks to obfuscate the origins of funds related to drug running. First noted by George Washington University’s Seamus Hughes, the complaint, unsealed Wednesday, charges Pedro Antonio Aquino-Eufracia with conspiracy for allegedly participating in a drug cartel, laundering funds using a …

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Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far? The FATF — an intergovernmental organization tasked with combating money laundering — …

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US Department of Justice Is Criminalizing Onchain Privacy, Starting With Mixers

</header> <strong>The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is a crime” means that bitcoiners risk prosecution simply for exercising their right to privacy.</strong> …

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Silk Road Operator Pleads Guilty to 1 Charge of Conspiracy

Roger Thomas Clark, an alleged operator behind the Silk Road darknet marketplace and advisor to founder Ross Ulbricht, pleaded guilty to “conspiring to distribute massive quantities of narcotics,” prosecutors announced Thursday. The U.S. Attorney’s Office for the Southern District of New York said in a press release that Clark, who was known online as “Plural …

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US Citizen Accepting Bitcoin for Narcotics Indicted by DOJ

A U.S. citizen has been indicted for selling drugs on the dark web in exchange for bitcoin. Joanna De Alba of Tijuana, Mexico, has been arraigned in federal court in Brooklyn, New York, for the illegal sale and disbursement of narcotics, according to a Department of Justice (DOJ) press release Thursday. “As alleged, De Alba …

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Three people sentenced for running $100 million malware crime network

Sponsored Links bpperry via Getty Images The takedown of a massive malware crime network is now leading to consequences for some of its alleged participants. The US and the country of Georgia have sentenced three people for their roles in using GozNym malware to steal upwards of $100 million. Krasimir Nikolov was sentenced in the …

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SEC charges IT administrator over $7 million insider trading ring

Sponsored Links iQoncept via Getty Images Insider trading among tech companies is nothing new, but some of these unscrupulous workers are more ‘successful’ than others. The SEC has charged former Palo Alto Networks IT administrator Janardhan Nellore and four friends with conducting insider trading that earned the group over $7 million between 2015 and 2018. …

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Crypto expert arrested for allegedly helping North Korea evade sanctions

Sponsored Links ED JONES/AFP via Getty Images North Korea has long been accused of using cryptocurrency to avoid sanctions, but the US is now accusing a man of giving the country some help American law enforcement has arrested crypto expert and Ethereum project member Virgil Griffith for allegedly providing North Korea with information on how …

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