Money Laundering

Money Laundering

‘Crypto Couple’ appear set to plead guilty in bitcoin hack money laundering case

The New York couple charged with trying to launder $4.5 billion in bitcoin stolen in a 2016 hack of Bitfinex appear set to plead guilty in the case. The couple, Ilya Lichtenstein and Heather Rhiannon Morgan, have been newly charged in the case with a document known as an information, according to a new Washington, D.C., ...Read More

Binance and founder Changpeng Zhao violated compliance rules to attract U.S. users, CFTC alleges

The Commodity Futures and Trading Commission filed a complaint against crypto exchange Binance, its co-founder, Changpeng Zhao, and its former chief compliance officer, Samuel Lim, alleging that Binance actively solicited U.S. users and subverted the exchanges own “ineffective compliance program,” according to a filing in ...Read More

FTX Wants Politicians, PACs to Return Donations—And May Sue to Recover Funds

FTX told the political world Sunday the bankrupt crypto exchange wants its money back, after millions of dollars flowed into the hands of candidates and action committees under the direction of founder and former CEO Sam Bankman-Fried or others in his regime. FTX’s newly-appointed ...Read More

FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges

FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire ...Read More

US Prosecutors Look to Charge Binance, Executives on Possible Money Laundering Violations

U.S prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reported, citing two people. The Department of Justice has also discussed possible plea deals with Binance’s lawyers, the report added. Prosecutors in the U.S. Attorney’s Office ...Read More

White House Calls for Stricter Regulations on Cryptocurrency in New Report

As a follow up to President Biden’s Executive Order on March 9 that asked various federal agencies to issue official reports that examine the risks and benefits of cryptocurrencies, the White House this week released a proposed framework for the development and regulation of digital assets. The framework ...Read More