Busted! North Korea Caught Laundering Millions Via Shady Crypto Mixer

Crypto, Crypto Mixer, Crypto News, Money Laundering, News, North korea, Tornado Cash

Once more, North Korea has demonstrated its cyber prowess, possibly undermining international sanctions by using cryptocurrencies. According to a recent assessment by UN sanctions monitors, North Korea is suspected of using the Tornado Cash platform to launder a whopping $148 million that was taken from a cryptocurrency exchange in March. This event highlights how difficult […]

Nigerian Court Adjourns Binance Tax Evasion Trial To May 17

Binance, FIRS, Money Laundering, Nigeria, Tax Evasion, Tigran Gambaryan

A Nigerian court has rescheduled the hearing of a tax evasion lawsuit against Binance and some of its executives to May 17. This adjournment represents the latest development in the ongoing regulatory saga between various agencies of the Nigerian government and the Malta-based cryptocurrency exchange. Related Reading: Impending Extradition? Nigerian Authorities Trace Fleeing Binance Exec […]

Crypto Clients In China Targeted As Singapore Expands Money Laundering Probe | Bitcoinist.com

crypto crackdown, Crypto News, Crypto regulation, Crypto Singapore, MAS, Money Laundering

The fight against crypto-related money laundering continues as Singaporean Authorities probe suspected channels. According to a September 21 Bloomberg report, Singapore banks have extended ongoing money laundering investigations to clients of Chinese origin. Amid the probe, they have frozen and seized $1.8 million in crypto assets, cash, and properties since August. Singaporean Banks Heighten Scrutiny […]