Dutch Court Sentences Tornado Cash Co-Founder to 5 Years in Prison for Money Laundering

Dutch Court Sentences Tornado Cash Co-Founder to 5 Years in Prison for Money Laundering

Dutch Court Sentences Tornado Cash Co-Founder to 5 Years in Prison for Money Laundering A Dutch court on Tuesday sentenced one of the co-founders of the now-sanctioned Tornado Cash cryptocurrency mixer service to 5 years and 4 months in prison. While the name of the defendant was redacted in the verdict, it’s known that Alexey Pertsev, a Read more…

Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds

Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds

Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal proceeds sent to a crypto exchange and previously unknown wallets belonging to a Russian darknet Read more…

How Cybercriminals are Exploiting India's UPI for Money Laundering Operations

How Cybercriminals are Exploiting India's UPI for Money Laundering Operations

How Cybercriminals are Exploiting India's UPI for Money Laundering Operations Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is a “key tool for onboarding and managing these money mules,” CloudSEK researchers Sparsh Read more…

Crypto Money Laundering

Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering

Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering î ‚Feb 05, 2024î „NewsroomCryptocurrency / Financial Fraud A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering and operating an unlicensed money services business. Aliaksandr Read more…