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Chen Catch With $210k Smuggling:: Intriguing Smuggling Attempt Thwarted at Gongbei Port of Entry
On the last day of September, an unusual smuggling attempt was foiled at the Gongbei Port of Entry. A Macau resident, known only by his surname Chen, was apprehended by customs officials for attempting to clandestinely carry $210,000 across the border. His actions were flagged as suspicious when he tried to pass through the "no declaration" lane without proper checks.
Chen ingeniously used a backpack positioned over his stomach to obscure the bundles of cash strapped to his body. Customs officers, sensing something amiss, conducted a thorough examination and discovered 21 bundles of U.S. dollars enveloped in plastic wrap and tightly secured with elastic bandages around his abdomen and inner thighs. The cash totaled to an equivalent of about 1.47 million RMB.
Under Chinese customs law, any individual must declare cash amounts exceeding 22,000 RMB or its foreign equivalent exceeding $5,500 upon entering or exiting the nation. Chen's failure to declare his cargo could lead to significant legal repercussions. This regulation is part of stringent measures aimed at controlling financial movements, especially targeting frequent travelers and those with multiple entries and exits within brief periods.
The incident quickly captured the attention of online communities, sparking a mix of criticism and humor. One user remarked critically, "Such a glaring oversight cannot simply be brushed off," while another quipped humorously, "Did he really think wrapping it up would render it invisible?"
Stay updated with more stories and analysis by following us. Your engagement drives our coverage. Thank you for the support and remember to always do your own research.
#SmugglingScandal #takemoney #moneylaundering #BTCReboundsAfterFOMC #WeAreAllSatoshi
Chen ingeniously used a backpack positioned over his stomach to obscure the bundles of cash strapped to his body. Customs officers, sensing something amiss, conducted a thorough examination and discovered 21 bundles of U.S. dollars enveloped in plastic wrap and tightly secured with elastic bandages around his abdomen and inner thighs. The cash totaled to an equivalent of about 1.47 million RMB.
Under Chinese customs law, any individual must declare cash amounts exceeding 22,000 RMB or its foreign equivalent exceeding $5,500 upon entering or exiting the nation. Chen's failure to declare his cargo could lead to significant legal repercussions. This regulation is part of stringent measures aimed at controlling financial movements, especially targeting frequent travelers and those with multiple entries and exits within brief periods.
The incident quickly captured the attention of online communities, sparking a mix of criticism and humor. One user remarked critically, "Such a glaring oversight cannot simply be brushed off," while another quipped humorously, "Did he really think wrapping it up would render it invisible?"
Stay updated with more stories and analysis by following us. Your engagement drives our coverage. Thank you for the support and remember to always do your own research.
#SmugglingScandal #takemoney #moneylaundering #BTCReboundsAfterFOMC #WeAreAllSatoshi
According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations.
#crypto2023 #nexo #moneylaundering #case #cryptoonindia
#crypto2023 #nexo #moneylaundering #case #cryptoonindia
Police in Inner Mongolia have arrested 63 people in association with a scheme that allegedly laundered 12 billion yuan ($1.7 billion), China News reports. #Binance #china #crypto #moneylaundering #scam
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
Crypto firms have to do checks on transactions of 1,000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.Policymakers in the European Union on Wednesday reached a provisional deal on parts of a comprehensive regulatory package to combat money laundering that will force all crypto firms to run due diligence on their customers.The Anti-Money Laundering Regulation (AMLR) is a broad-stroke effort to combat sanctions evasion and money laundering. It includes the creation of a single rulebook and sets up a supervisory authority that will also have purview over the crypto sector.The European Parliament and Council (which gathers finance ministers from the bloc's 27 member states) have agreed to measures, including for crypto firms to apply "customer due diligence measures when carrying out transactions amounting to €1,000 ($1,090) or more."The deal also adds measures to mitigate risks in relation to transactions with self-hosted wallets, Wednesday's announcement said.The EU last year finalized specific AML checks on crypto fund-transfers alongside its landmark Markets in Crypto Assets (MiCA) regulation. In December, the European Parliament and Council agreed on setting up the AML supervisory authority. Wednesday's agreement specifically concerned the EU's sixth money-laundering directive and the rulebook as part of the AMLR.The package may have got tougher as it went through the EU's complex legislative process in light of U.S. sanctions against crypto anonymizing tool Tornado Cash, as well as fears that crypto was being used to evade sanctions by Russia and even Hamas. A lawmaker leading the discussions on the package in Parliament last year assured the measures won't seek to outlaw privacy-enhancing crypto.Industry body, the EU Crypto Initiative, urged lawmakers in May 2023 to remove planned restrictions on privacy-preservation tools or, failing that, to include a "clear delineation between prohibited anonymous high-risk accounts and high-risk anonymizing instruments.""This agreement is part and parcel of the EU’s new anti-money laundering system. It will improve the way national systems against money laundering and terrorist financing are organized and work together. This will ensure that fraudsters, organized crime and terrorists will have no space left for legitimizing their proceeds through the financial system," Belgian Minister of Finance, Vincent Van Peteghem, said in a press statement.#eu #cryptonews #moneylaundering #TrendingTopic #MANTA
Layer 2 Protocol Manta Network Suffers DDoS Attack; Project Faces Money Laundering Allegations #ddos #moneylaundering #MantaToken $BTC
🔍 Why check cryptocurrency for purity?
🌑 Average users, like you and me, sometimes don't even realize that funds received from exchangers or other users may have a dark origin.
💰 In the last 6 years, known crypto addresses linked to illicit activities have processed around $60 billion. These funds were "laundered" through exchanges, mixers, and ordinary users' accounts.
🔒 If you accept "dirty" funds into your wallet and transfer even a small portion of them to an exchange, your wallet may be seized or blocked. Such sanctions regarding these funds may occur not immediately, but six months later, when someone within the framework of a case initiates a criminal investigation and the police reach you through the chain. And you may have nothing to do with it, but your funds will be blocked or seized. ❌
🔍 Therefore, it is critical to know the history of the origin of the funds in your cryptocurrency wallet, as well as to check the crypto wallets of counterparties and incoming transactions.
#CryptocurrencyLaunch #DirtyCrypto #moneylaundering #CryptoSecurity #aml
🌑 Average users, like you and me, sometimes don't even realize that funds received from exchangers or other users may have a dark origin.
💰 In the last 6 years, known crypto addresses linked to illicit activities have processed around $60 billion. These funds were "laundered" through exchanges, mixers, and ordinary users' accounts.
🔒 If you accept "dirty" funds into your wallet and transfer even a small portion of them to an exchange, your wallet may be seized or blocked. Such sanctions regarding these funds may occur not immediately, but six months later, when someone within the framework of a case initiates a criminal investigation and the police reach you through the chain. And you may have nothing to do with it, but your funds will be blocked or seized. ❌
🔍 Therefore, it is critical to know the history of the origin of the funds in your cryptocurrency wallet, as well as to check the crypto wallets of counterparties and incoming transactions.
#CryptocurrencyLaunch #DirtyCrypto #moneylaundering #CryptoSecurity #aml
🚨 China Cracks Down on Bitcoin Money Laundering Ring 🚨
China continues its rigorous efforts to regulate cryptocurrency activities. Here's the latest on the recent crackdown in Shanxi Province:
🔍 Operation Details:
- Major Bust: Law enforcement in Shanxi Province arrested 11 individuals involved in a cryptocurrency money laundering ring.
- Seizure: Authorities confiscated over 2 million yuan worth of cryptocurrency.
- Method: The suspects bought digital currencies at low prices and sold them at high prices, laundering the proceeds through various bank accounts in cities like Xi'an and Taiyuan.
🌐 Broader Context:
- China’s Stance: Despite global adoption, China maintains a strict ban on all cryptocurrency transactions.
- Impact on Operations: Miners and traders have been forced to cease operations or relocate to other regions.
⚖️ Implications:
- Financial Stability: China’s stringent measures aim to ensure financial stability and prevent illegal activities exploiting the anonymity of cryptocurrencies.
- Global Market Impact: China’s hardline stance could cause market fluctuations and potentially influence other countries to adopt similar regulations.
📉 Takeaway:
China's continued crackdown on cryptocurrency activities underscores the challenges of regulating digital currencies and highlights the potential for significant impacts on the global market. Constant monitoring and enforcement actions may deter illegal activities and prompt broader regulatory considerations worldwide.
📜 Follow for more updates and information. Like and Share. Thanks.
#moneylaundering #US_Job_Market_Slowdown #VanEck_SOL_ETFS #SOFR_Spike #Ethereum_ETFs_Expected_Date
China continues its rigorous efforts to regulate cryptocurrency activities. Here's the latest on the recent crackdown in Shanxi Province:
🔍 Operation Details:
- Major Bust: Law enforcement in Shanxi Province arrested 11 individuals involved in a cryptocurrency money laundering ring.
- Seizure: Authorities confiscated over 2 million yuan worth of cryptocurrency.
- Method: The suspects bought digital currencies at low prices and sold them at high prices, laundering the proceeds through various bank accounts in cities like Xi'an and Taiyuan.
🌐 Broader Context:
- China’s Stance: Despite global adoption, China maintains a strict ban on all cryptocurrency transactions.
- Impact on Operations: Miners and traders have been forced to cease operations or relocate to other regions.
⚖️ Implications:
- Financial Stability: China’s stringent measures aim to ensure financial stability and prevent illegal activities exploiting the anonymity of cryptocurrencies.
- Global Market Impact: China’s hardline stance could cause market fluctuations and potentially influence other countries to adopt similar regulations.
📉 Takeaway:
China's continued crackdown on cryptocurrency activities underscores the challenges of regulating digital currencies and highlights the potential for significant impacts on the global market. Constant monitoring and enforcement actions may deter illegal activities and prompt broader regulatory considerations worldwide.
📜 Follow for more updates and information. Like and Share. Thanks.
#moneylaundering #US_Job_Market_Slowdown #VanEck_SOL_ETFS #SOFR_Spike #Ethereum_ETFs_Expected_Date
🚨 What is Money Laundering?
Imagine your uncle has just been promoted to executive vice mayor. One day, he suggests you open a tobacco and alcohol shop at the back door of their community for recycling tobacco and alcohol. When you suggest opening it at the front door for better visibility, he tells you that important business is never conducted at the front door.
Following his advice, you set up shop at the back door. Your aunt frequently brings wine to your store, and when you offer to pay her back, she advises you to open a bank account, deposit the money there, and hand the card over to her. Soon after, curious about the business, you ask your uncle who buys the wine. He reassures you that buyers will come to you.
Indeed, buyers start coming, eager to purchase items at surprisingly high prices. Someone offers 20 million for a box of wine you priced at 2,500 per bottle. This high demand extends to other luxury items like paintings and jade.
Six months later, your uncle suggests handing over the tobacco and alcohol business to someone else and opening a billiard hall instead. Despite your lack of experience, you follow his lead. On the first day, you find bags of money in the trunk of a car, which your uncle explains is business income. Realizing that earning 20 million at a rate of 100,000 yuan a day would take too long, your uncle proposes opening 10 billiard halls, depositing 100,000 yuan daily in each of 10 banks.
After another six months, your uncle advises transferring the billiard halls to others and opening a company for international trade, even though you’ve never been abroad. He assures you that the details are manageable.
In summary, what your uncle has guided you through is a classic example of money laundering—disguising illicit gains as legitimate business revenue. If you're navigating the bull market and need guidance, follow my profile for strategic insights and free advice on market planning and contracts. Your success is just a step away.
#Write2Earn! #BinanceTurns7 #EarnFreeCrypto2024 #moneylaundering #BullBanter
Imagine your uncle has just been promoted to executive vice mayor. One day, he suggests you open a tobacco and alcohol shop at the back door of their community for recycling tobacco and alcohol. When you suggest opening it at the front door for better visibility, he tells you that important business is never conducted at the front door.
Following his advice, you set up shop at the back door. Your aunt frequently brings wine to your store, and when you offer to pay her back, she advises you to open a bank account, deposit the money there, and hand the card over to her. Soon after, curious about the business, you ask your uncle who buys the wine. He reassures you that buyers will come to you.
Indeed, buyers start coming, eager to purchase items at surprisingly high prices. Someone offers 20 million for a box of wine you priced at 2,500 per bottle. This high demand extends to other luxury items like paintings and jade.
Six months later, your uncle suggests handing over the tobacco and alcohol business to someone else and opening a billiard hall instead. Despite your lack of experience, you follow his lead. On the first day, you find bags of money in the trunk of a car, which your uncle explains is business income. Realizing that earning 20 million at a rate of 100,000 yuan a day would take too long, your uncle proposes opening 10 billiard halls, depositing 100,000 yuan daily in each of 10 banks.
After another six months, your uncle advises transferring the billiard halls to others and opening a company for international trade, even though you’ve never been abroad. He assures you that the details are manageable.
In summary, what your uncle has guided you through is a classic example of money laundering—disguising illicit gains as legitimate business revenue. If you're navigating the bull market and need guidance, follow my profile for strategic insights and free advice on market planning and contracts. Your success is just a step away.
#Write2Earn! #BinanceTurns7 #EarnFreeCrypto2024 #moneylaundering #BullBanter
📰 SAM BANKMAN FRIED VS. 50-YEAR PRISON SENTENCE
⚖️ Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried argue against the proposed maximum sentence of 50 years in prison, calling it medieval and unjust.
🔍 They claim the proposed sentence distorts reality and portrays Bankman-Fried as a “depraved super-villain,” advocating instead for a reduced sentence of five to six years in prison.
The prosecutors filed additional documents alongside a sentencing memorandum, suggesting a 40-to-50-year sentence for Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023.
The defense team argues against the proposed sentence, stating that there were no actual losses as bankruptcy proceedings would make all customers and lenders whole.
They also dispute the portrayal of Bankman-Fried as greedy, highlighting his philanthropic efforts and modest lifestyle.
Additionally, they challenge claims of high risk of re-offending, citing low recidivism rates for white-collar, educated offenders without prior records.
Bankman-Fried’s lawyers accuse the prosecution of making unsupported claims and propose a reduced sentence of approximately five to six and a half years, emphasizing the loss Bankman-Fried has already endured.
The jury trial concluded Bankman-Fried guilty of all seven charges brought against him by the U.S. government, nearly a year after the collapse of FTX.
what do you think about this story? Are 50 years deserved?
Drop a comment below 👇
- Matthias Mende
Founder of Bonuz
#ftx #SBF. #sambankmanfried #scam #moneylaundering
⚖️ Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried argue against the proposed maximum sentence of 50 years in prison, calling it medieval and unjust.
🔍 They claim the proposed sentence distorts reality and portrays Bankman-Fried as a “depraved super-villain,” advocating instead for a reduced sentence of five to six years in prison.
The prosecutors filed additional documents alongside a sentencing memorandum, suggesting a 40-to-50-year sentence for Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023.
The defense team argues against the proposed sentence, stating that there were no actual losses as bankruptcy proceedings would make all customers and lenders whole.
They also dispute the portrayal of Bankman-Fried as greedy, highlighting his philanthropic efforts and modest lifestyle.
Additionally, they challenge claims of high risk of re-offending, citing low recidivism rates for white-collar, educated offenders without prior records.
Bankman-Fried’s lawyers accuse the prosecution of making unsupported claims and propose a reduced sentence of approximately five to six and a half years, emphasizing the loss Bankman-Fried has already endured.
The jury trial concluded Bankman-Fried guilty of all seven charges brought against him by the U.S. government, nearly a year after the collapse of FTX.
what do you think about this story? Are 50 years deserved?
Drop a comment below 👇
- Matthias Mende
Founder of Bonuz
#ftx #SBF. #sambankmanfried #scam #moneylaundering
Binance Must 'Completely Exit' From US as It Settles Years-Long Criminal Investigation
The $4.3 billion settlement is one of the largest corporate penalties in U.S. history, says DOJ.
Binance will exit the U.S. market and pay $4.3 billion—one of the largest corporate penalties in U.S. history—to settle anti-money laundering and sanctions violations, the Department of Justice today said.
The exit and penalty are the result of a years-long criminal investigation into the company and its leadership. CEO Changpeng Zhao has also stepped down after pleading guilty to anti-money laundering violations and agreed to pay a separate $50 million fine.
The settlement also prohibits Zhao from any present or future involvement with the company for at least three years, according to the terms of the plea agreement.
The charges state that Binance focused on profits over legal compliance, serving U.S. customers without proper controls. This allowed funds tied to terrorism, hacking, and other crimes to flow through Binance undetected.
Binance also failed to stop over $898 million in illegal trades between U.S. users and those in sanctioned countries like Iran, according to the DOJ. As part of the plea deal, Binance forfeited over $2.5 billion and paid a $1.8 billion criminal fine. Zhao's individual plea relates to the lack of anti-money laundering controls at the exchange and violations of the Bank Secrecy Act—not unlike the charges to which BitMEX founder Arthur Hayes pleaded guilty early last year. Hayes paid a $10 million criminal fine and avoided prison, sentenced instead to two years probation.
#BinanceCEO #binanceus #BinanceSquareAnalysis #BinanceSquareUpdates #moneylaundering
$BTC $ETH $SOL
The $4.3 billion settlement is one of the largest corporate penalties in U.S. history, says DOJ.
Binance will exit the U.S. market and pay $4.3 billion—one of the largest corporate penalties in U.S. history—to settle anti-money laundering and sanctions violations, the Department of Justice today said.
The exit and penalty are the result of a years-long criminal investigation into the company and its leadership. CEO Changpeng Zhao has also stepped down after pleading guilty to anti-money laundering violations and agreed to pay a separate $50 million fine.
The settlement also prohibits Zhao from any present or future involvement with the company for at least three years, according to the terms of the plea agreement.
The charges state that Binance focused on profits over legal compliance, serving U.S. customers without proper controls. This allowed funds tied to terrorism, hacking, and other crimes to flow through Binance undetected.
Binance also failed to stop over $898 million in illegal trades between U.S. users and those in sanctioned countries like Iran, according to the DOJ. As part of the plea deal, Binance forfeited over $2.5 billion and paid a $1.8 billion criminal fine. Zhao's individual plea relates to the lack of anti-money laundering controls at the exchange and violations of the Bank Secrecy Act—not unlike the charges to which BitMEX founder Arthur Hayes pleaded guilty early last year. Hayes paid a $10 million criminal fine and avoided prison, sentenced instead to two years probation.
#BinanceCEO #binanceus #BinanceSquareAnalysis #BinanceSquareUpdates #moneylaundering
$BTC $ETH $SOL
🧨 Hospitality Worker in Massive Money Laundering Case: $2.5 Billion in Bitcoin Seized!
A hospitality worker in the UK has been found guilty of money laundering after a staggering $2.5 billion worth of Bitcoin ($BTC ) was discovered in their possession. This record-breaking seizure by UK authorities throws a spotlight on both the potential windfalls of cryptocurrency and its vulnerability to criminal activity.
♨️ From Humble Beginnings to Million-Dollar
The unnamed individual, identified only as Jian Wen, reportedly displayed a dramatic shift in lifestyle that raised red flags for authorities. A hospitality worker's salary typically wouldn't allow for the purchase of "multi-million pound houses and jewellery," as reported by the BBC. This discrepancy prompted an investigation that unraveled a complex web of digital transactions.
☎️ Untangling the Digital Trail
Authorities meticulously sifted through evidence from 48 electronic devices and thousands of digital files, many requiring translation from Mandarin. This painstaking process ultimately connected Wen to the massive Bitcoin fortune.
⏰ Awaiting Sentencing and Sparking Conversation
Wen's sentencing is yet to be determined. This case raises critical questions about how cryptocurrencies can be exploited for illicit purposes. While Bitcoin itself isn't inherently criminal, its decentralized nature can make it attractive for money laundering schemes.
⁉️ Is Crypto a Haven for Crime, or an Isolated Incident?
This incident doesn't necessarily paint all cryptocurrency users with the same brush. However, it underscores the need for robust regulations and monitoring to prevent similar situations.
#BTC #BitcoinBlast #moneylaundering #TrendingTopic."
A hospitality worker in the UK has been found guilty of money laundering after a staggering $2.5 billion worth of Bitcoin ($BTC ) was discovered in their possession. This record-breaking seizure by UK authorities throws a spotlight on both the potential windfalls of cryptocurrency and its vulnerability to criminal activity.
♨️ From Humble Beginnings to Million-Dollar
The unnamed individual, identified only as Jian Wen, reportedly displayed a dramatic shift in lifestyle that raised red flags for authorities. A hospitality worker's salary typically wouldn't allow for the purchase of "multi-million pound houses and jewellery," as reported by the BBC. This discrepancy prompted an investigation that unraveled a complex web of digital transactions.
☎️ Untangling the Digital Trail
Authorities meticulously sifted through evidence from 48 electronic devices and thousands of digital files, many requiring translation from Mandarin. This painstaking process ultimately connected Wen to the massive Bitcoin fortune.
⏰ Awaiting Sentencing and Sparking Conversation
Wen's sentencing is yet to be determined. This case raises critical questions about how cryptocurrencies can be exploited for illicit purposes. While Bitcoin itself isn't inherently criminal, its decentralized nature can make it attractive for money laundering schemes.
⁉️ Is Crypto a Haven for Crime, or an Isolated Incident?
This incident doesn't necessarily paint all cryptocurrency users with the same brush. However, it underscores the need for robust regulations and monitoring to prevent similar situations.
#BTC #BitcoinBlast #moneylaundering #TrendingTopic."
Brazilian Police Bust Major Crypto Money Laundering Scheme Linked to Drug Cartel 🚨
São Paulo's Civil Police have uncovered and dismantled a major money laundering operation linked to the drug cartel First Capital Command (PCC).
The operation was disguised as a cryptocurrency exchange, handling around 500 million reais (approximately $89 million).
During the crackdown, police seized checks totaling 55 million reais ($8.9 million) from the company’s undisclosed headquarters.
The raids, which followed orders for 20 arrests and 60 search and seizure operations, targeted individuals connected to the PCC across various cities in São Paulo.
In related actions, Brazilian courts have frozen over 8 billion reais ($1.427 billion) in assets tied to the suspects.
The First Capital Command, described by The Economist as Latin America’s largest gang, boasts nearly 40,000 members and around 60,000 affiliates.
#Brazil #BinanceTurns7 #MarketDownturn #moneylaundering
São Paulo's Civil Police have uncovered and dismantled a major money laundering operation linked to the drug cartel First Capital Command (PCC).
The operation was disguised as a cryptocurrency exchange, handling around 500 million reais (approximately $89 million).
During the crackdown, police seized checks totaling 55 million reais ($8.9 million) from the company’s undisclosed headquarters.
The raids, which followed orders for 20 arrests and 60 search and seizure operations, targeted individuals connected to the PCC across various cities in São Paulo.
In related actions, Brazilian courts have frozen over 8 billion reais ($1.427 billion) in assets tied to the suspects.
The First Capital Command, described by The Economist as Latin America’s largest gang, boasts nearly 40,000 members and around 60,000 affiliates.
#Brazil #BinanceTurns7 #MarketDownturn #moneylaundering
🚨 BREAKING: China Declares Crypto Transactions as Money Laundering! 🚨
China's top judicial bodies have just classified ALL cryptocurrency transactions as illegal and labeled them a form of money laundering! 💰❌ This explosive move intensifies the nation’s crackdown on illegal financial activities. Violators could face **severe penalties**, including **prison sentences** and **hefty fines**. 😱
Is this the end of crypto in China, or just the beginning of a new underground revolution? 🌐🔥 Stay tuned as this story unfolds! #CryptoBanDebate #moneylaundering #ChinaCrackdown
China's top judicial bodies have just classified ALL cryptocurrency transactions as illegal and labeled them a form of money laundering! 💰❌ This explosive move intensifies the nation’s crackdown on illegal financial activities. Violators could face **severe penalties**, including **prison sentences** and **hefty fines**. 😱
Is this the end of crypto in China, or just the beginning of a new underground revolution? 🌐🔥 Stay tuned as this story unfolds! #CryptoBanDebate #moneylaundering #ChinaCrackdown
*Breaking News!* 👮🏻♂️🚔
*Founders of Bitcoin Mixer Samourai Wallet Arrested!* 🤯
In a major crackdown on cryptocurrency crime, the founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, have been arrested by U.S. authorities! 🚔
*Charges:*
- Conspiracy to commit money laundering 💸
- Operating a cryptocurrency mixer responsible for over $2 billion in unlawful transactions! 🤯
- Facilitating over $100 million in money laundering transactions from illegal dark web markets! 🕵️♂️
*U.S. Attorney's Office, Southern District of New York, alleges:*
Samourai Wallet operated a cryptocurrency mixer that enabled illegal transactions and money laundering! 💸
*Authorities seize:*
- Samourai's server and web domain! 📊
*Developing story...*
Stay tuned for updates on the arrests and legal proceedings against Rodriguez and Hill! 📺
*Source:* decrypt
#SamouraiWallet #WilliamLonergan #KeonneRodriguez #moneylaundering
*Founders of Bitcoin Mixer Samourai Wallet Arrested!* 🤯
In a major crackdown on cryptocurrency crime, the founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, have been arrested by U.S. authorities! 🚔
*Charges:*
- Conspiracy to commit money laundering 💸
- Operating a cryptocurrency mixer responsible for over $2 billion in unlawful transactions! 🤯
- Facilitating over $100 million in money laundering transactions from illegal dark web markets! 🕵️♂️
*U.S. Attorney's Office, Southern District of New York, alleges:*
Samourai Wallet operated a cryptocurrency mixer that enabled illegal transactions and money laundering! 💸
*Authorities seize:*
- Samourai's server and web domain! 📊
*Developing story...*
Stay tuned for updates on the arrests and legal proceedings against Rodriguez and Hill! 📺
*Source:* decrypt
#SamouraiWallet #WilliamLonergan #KeonneRodriguez #moneylaundering
IS KUKOIN (KCS) ON BIG TROUBLES? 🚨 Well... Yes! 👇
The U.S. Justice Department is chasing Kukoin (one of the largest cryptocurrency exchanges globally) and its founders because they violated the anti-money laundering (AML) laws. In fact, they didn't follow the right procedures to stop people from using their platform for illegal money activities. In addition, the justice Department said that KuCoin let this happen on purpose while not reporting it to regulators. When an exchange is found guilty it may face penalties or a shutdown. This could affect several users and their funds/assets! 🚩
If I have Cryptocurrencies on Kukoin, WHAT SHOULD I DO?
At the moment there are several violations and I strongly recommend to ACT NOW and move any asset you may have out of that Exchange. To save on transaction fees, you can temporarily convert them into $XLM Once moved, you can convert them back into your initial tokens. This action needs to be executed quickly!
STAY SAFE 🙏
#LatestNews #newsdaily #moneylaundering #StaySafeCrypto #StaySAFU $XLM $KCS
The U.S. Justice Department is chasing Kukoin (one of the largest cryptocurrency exchanges globally) and its founders because they violated the anti-money laundering (AML) laws. In fact, they didn't follow the right procedures to stop people from using their platform for illegal money activities. In addition, the justice Department said that KuCoin let this happen on purpose while not reporting it to regulators. When an exchange is found guilty it may face penalties or a shutdown. This could affect several users and their funds/assets! 🚩
If I have Cryptocurrencies on Kukoin, WHAT SHOULD I DO?
At the moment there are several violations and I strongly recommend to ACT NOW and move any asset you may have out of that Exchange. To save on transaction fees, you can temporarily convert them into $XLM Once moved, you can convert them back into your initial tokens. This action needs to be executed quickly!
STAY SAFE 🙏
#LatestNews #newsdaily #moneylaundering #StaySafeCrypto #StaySAFU $XLM $KCS
TRON, TETHER and TRM Labs Join Forces to Combat Illicit USDT Transactions: Inside the New T3 Financial Crime Unit (FCU)
The T3 Financial Crime Unit is a strategic partnership between TRON, #Tether and TRM Labs—each bringing their unique strengths to the table. The unit was established to address growing concerns about the misuse of USDT on the #TRON✅ blockchain, with a special focus on preventing illegal activities such as #moneylaundering , terrorist financing, and scams.
#CryptoNewss $TRX
The T3 Financial Crime Unit is a strategic partnership between TRON, #Tether and TRM Labs—each bringing their unique strengths to the table. The unit was established to address growing concerns about the misuse of USDT on the #TRON✅ blockchain, with a special focus on preventing illegal activities such as #moneylaundering , terrorist financing, and scams.
#CryptoNewss $TRX
🚨 Two Estonians, Sergei Potapenko and Ivan Turõgin, were arrested in Tallinn on charges related to a $575M crypto fraud and money laundering scheme.
The duo allegedly defrauded investors through fake crypto mining contracts and a sham virtual bank.
If convicted, they face up to 20 years in prison. U.S. & Estonian authorities are working to recover the funds.
#cryptofraud #moneylaundering #CryptoMining #mining #TrendingTopic
The duo allegedly defrauded investors through fake crypto mining contracts and a sham virtual bank.
If convicted, they face up to 20 years in prison. U.S. & Estonian authorities are working to recover the funds.
#cryptofraud #moneylaundering #CryptoMining #mining #TrendingTopic