Digital Assets Archives

Crypto criminals laundered $540 million by using a service called RenBridge, new report shows

Jack J. Kelly Cryptocurrency, Digital Assets, Money Laundering, Ransomware August 10, 2022

A major way criminals in the crypto world launder money is by sending digital assets across blockchains, bypassing a centralized service that can trace and freeze transactions. They use so-called cross-chain bridges to make it happen, and the dollar amounts are getting large. One ...Read More

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Feds investigating crypto exchange Kraken for allegedly violating Iran sanctions

Jack J. Kelly Cryptocurrency, Digital Assets, Iran, Sanctions July 28, 2022

Cryptocurrency exchange Kraken is being investigated by federal authorities over suspicions that it violated U.S. sanctions by allowing users in Iran to buy and sell digital assets, according to a new report. The New York Times reported Tuesday that the Treasury Department’s Office of Foreign ...Read More

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Disgraced OpenSea Manager Arrested For Insider Trading

Jack J. Kelly Digital Assets, Insider Trading, Money Laundering, NFT, Wire Fraud June 2, 2022

Former OpenSea product manager Nathaniel Chastain has been charged with wire fraud and money laundering in connection with an insider trading scheme. Chastain was arrested Wednesday morning in New York City and is expected to be presented in court later today. Chastain was publicly accused of insider trading ...Read More

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