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Money laundering
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India's Law Enforcement Agency Raided Multiple Crypto Fraud Operations, Targeting Foreign Investors
Svmuu News: On July 18–19, the Bangalore Branch of India’s Enforcement Directorate conducted raids on multiple locations involved in a case under the Prevention of Money Laundering Act (PMLA) to inves
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Two People Indicted for Laundering Over $43 Million in Proceeds from "Pig Butchering" Scams
Svmuu News: According to an announcement by the U.S. Attorney’s Office for the Eastern District of New York, Chen Zhuoying and Zhang Haojie were formally indicted on July 16 in federal court in Brookl
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UK Fraud Review Recommends Judges Receive Training on Crypto Money Laundering and AI Fraud, Citing a Case Involving the Seizure of Over 61,000 BTC
Svmuu News: A fraud review commissioned by the British government recommends that the Judicial College provide training to all judges and magistrates in England and Wales to address the rise in cases
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Brazilian Police Launch "Operation Maya Veil": Raid 87 Shell Companies to Investigate Cryptocurrency Money-Laundering Network
Svmuu News: Brazilian police announced the launch of “Operation Veil of Maya,” simultaneously executing nine search and seizure warrants in São Paulo, Ribeirão Preto, Porto Alegre, and Canoas to targe
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An article by China’s procuratorial system suggests that the use of coin mixers and privacy coins should be regarded as an indication of intent to commit money laundering
Svmuu News: An article published in the theory section of *Procuratorial Daily*, the official newspaper of China’s Supreme People’s Procuratorate, proposes a framework for prosecuting money laundering
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Cape Town Cracks Down on Crypto Fraud; Police Seize Luxury Car with Fake License Plate
Svmuu News: Geordin Hill-Lewis, mayor of Cape Town, South Africa, recently participated in a special nighttime operation by the city police targeting individuals who claim to be cryptocurrency and for
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Turkish Prosecutors Indict Criminal Ring Involved in $850 Million Cryptocurrency Money Laundering Scheme
Svmuu News: Turkish prosecutors have filed charges against a large-scale money-laundering network linked to the “Grand Bazaar,” involving nearly 40 billion Turkish lira, equivalent to approximately $8
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The U.S. has charged a man currently serving a prison sentence with allegedly transferring and laundering cryptocurrency assets from a seized Kraken account, with the amount involved totaling approximately $290,000.
Svmuu News: U.S. prosecutors recently filed criminal charges against a man currently serving a prison sentence, accusing him of transferring and laundering cryptocurrency assets—valued at approximatel
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Brazilian police, in coordination with U.S. sanctions efforts, have frozen approximately $2 billion in assets, including cryptocurrency.
Svmuu News: The Brazilian Federal Police carried out simultaneous law enforcement operations in multiple locations across São Paulo to enforce sanctions previously imposed by the U.S. Department of th
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ZachXBT: KuCoin Sends Legal Threat Emails to Victims in Connection with a Money Laundering Case Involving $250,000 in Stolen Funds
Svmuu News: On-chain investigator ZachXBT posted that, KuCoin recently sent a legal threat email to a victim who had previously lost approximately $250,000 to the Atomic Stealer malware; the stolen fu
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Thailand Issues Arrest Warrant for Chinese Businessman in Connection with “Romance Scam” and Illegal Cryptocurrency Mining, Involving Billions of Dollars in Money Laundering
Svmuu News: The Thai government has officially issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of colluding with transnational criminal organizations to launder billions of
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Supreme People’s Procuratorate: Intensifying the Crackdown on Drug-Related Money Laundering Crimes; Li Mobo Sentenced to Death for Laundering Over 48 Million Yuan via Virtual Currency
Svmuu News: At a press conference held on June 25, the Supreme People’s Procuratorate reported that procuratorial organs have thoroughly investigated crimes involving “self-laundering” and “third-part
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The son of a former official with the Wuhan Commission for Discipline Inspection laundered more than 64 million Hong Kong dollars in Hong Kong; he claimed that part of the funds came from the sale of Bitcoin
Svmuu News: Xiao Rui, the son of Xiao Jun, a former member of the Wuhan Municipal Commission for Discipline Inspection, is suspected of accepting approximately 4.72 million Hong Kong dollars in bribes
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U.S. Department of Justice Seizes Huiwang Accounts Suspected of Money Laundering Involving Billions of Dollars
Svmuu News: The U.S. Department of Justice announced the seizure of an account that provided back-end infrastructure for a subsidiary of Cambodia’s Huiwang Group. Prosecutors stated that the account h
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ZachXBT: Wallet Linked to HashFlare Scam Transfers $18.5 Million in ETH After 3.5 Years of Inactivity
Svmuu News: According to ZachXBT’s monitoring, a wallet linked to the $575 million HashFlare investment scam transferred 10,600 ETH—worth approximately $18.5 million—about three hours ago, after remai
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Japanese Police Uncover Stablecoin Money Laundering Case: Fraud Proceeds Converted into Crypto Assets; Experts Warn of Regulatory Challenges
Svmuu News: Stablecoins—a new type of electronic payment tool that has attracted attention from governments and financial institutions—are being used by some criminal groups for money laundering. Beca
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South Korean Police Bust $11 Million USDT Money Laundering Case, Arrest 23 People
Svmuu News: Solid Intel posted on the X platform stating that South Korean police have arrested 23 people in a money laundering case involving 11 million USDT.
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Domestic operation and money laundering chain of overseas pornographic websites busted, those involved sentenced for using virtual currency to launder money
Svmuu News The People's Court of Mingshan District, Ya'an City, Sichuan Province recently issued a verdict in a case involving a new type of cross-border cyber pornography crime, where virtual currenc
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11 national law enforcement agencies shut down AudiA6 crypto money laundering network
Svmuureports that law enforcement agencies from 11 countries have jointly shut down the money laundering network AudiA6, which processed over 336 million euros in illicit funds between 2022 and 2025.
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Man from Washington State, USA, sentenced to 5 years for aiding in money laundering of nearly $100 million in cryptocurrency
Svmuureports that the U.S. Department of Justice stated in a press release that a 47-year-old resident of Newcastle, Washington, Geoffrey K. Auyeung, has been sentenced to 5 years in prison for conspi
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Digital remittance giant Wise investigated over €500 million in suspicious transactions, shares plummet 11%
Svmuu reported that digital remittance giant Wise is under investigation in Belgium over approximately €500 million in suspected suspicious transactions. Following the news, Wise's share price plummet
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The U.S. Department of State has designated Brazilian criminal organizations CV and PCC as "Specially Designated Global Terrorists"
Svmuu reported that the U.S. Department of State announced the designation of two Brazilian organizations, Comando Vermelho (CV) and Primeiro Comando da Capital (PCC), as "Specially Designated Global
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The U.S. Treasury Department sanctioned 10 individuals and 1 entity, including two Russian crypto intermediaries, for laundering money to support North Korea's weapons program.
The U.S. Treasury Department on Tuesday announced sanctions against 10 individuals and one entity, including two Russian cryptocurrency intermediaries, accusing them of laundering money through a Nort
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A Chinese national, Zheng Zhao (44岁), has been extradited to the United States and appeared in a Los Angeles federal court on October 23
A Chinese national, Zheng Zhao (44岁), has been extradited to the United States and appeared in a Los Angeles federal court on October 23. He is charged with conspiracy to commit money laundering, faci
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American Express announced a 5% workforce reduction and a slight upward revision to its profit forecast, while also facing a $350 million fine.
American Express (AmEx) announced today that it will cut approximately 5% of its workforce as part of a $336 million restructuring plan. Despite the significant layoffs, the company only raised the mi
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Blockchain investigator accuses crypto exchange CoinDCX of "lying" about $16 million theft, claiming it admitted to "operational loss" after initial denial.
Blockchain investigator "Darcy" flagged a suspicious outflow of $16 million from addresses linked to CoinDCX on Thursday morning. CoinDCX co-founder Sumit Gupta initially denied the claim, calling the
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Greece says it is implementing sanctions against Iran
The Greek Finance Ministry stated it is implementing sanctions against Tehran and supports efforts to combat money laundering and illicit financial activities linked to Iran. This statement follows th
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Italian Police Bust Mafia Crypto Money Laundering Ring, Seizing $76 Million
Italian police have dismantled a cryptocurrency money laundering ring linked to the mafia, which used a Milan car rental company as a front to transfer €68 million (approximately $76 million) out of t
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ZachXBT: Over 87% of funds flowing into Hyperliquid's money laundering service FreedomXMR are linked to illicit activities, with over $20 million traceable to ransomware and other attacks.
On-chain detective ZachXBT reported that FreedomXMR (FXMR)—a centralized mixing service that appeared on Hyperliquid Core in August 2026—had over 87% of its incoming funds directly linked to illicit a
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A Chinese suspect, allegedly involved in cryptocurrency and foreign exchange transactions through 133 accounts, providing services to an international criminal network valued at $75 million, has been arrested in Bangkok.
A Chinese suspect, allegedly involved in cryptocurrency and foreign exchange transactions through 133 accounts, providing services to an international criminal network valued at $75 million, has been
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On-Chain Data Shows Hackers Increasingly Moving Stolen Funds to Zcash for Laundering, Including $12M From Triple-A Exploit
On-chain analyst Specter noted that following ZachXBT's disclosure regarding the Bitget exploiter shielding stolen assets via Zcash (ZEC), multiple other threat actors have begun channeling stolen pro
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Bank of America's profits drop 17% after $1.2bn money laundering fine
Bank of America, the second-largest US bank, reported a 17% drop in profits following a $1.2 billion fine for money laundering failures. The bank also delivered a disappointing performance in its trad
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UK FCA arrests three in major operation against insider dealing and money laundering ring
The UK Financial Conduct Authority (FCA) and the National Crime Agency (NCA) conducted a joint operation on October 13, leading to the arrest of three individuals suspected of engaging in insider deal
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UK High Court rules Chinese law applies to 61,000 Bitcoin seizure case, potentially denying victims price gains
The U.K. High Court's October 12 ruling in a multi-billion-dollar Bitcoin clawback legal battle states that Chinese law must be applied to decide ownership rights for 61,000 BTC seized in a major cryp
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US detains Álvaro Pulido, accused of laundering over $2 billion from Venezuelan government bribery schemes
US Department of Justice officials announced the detention of Álvaro Pulido, 62, on Sunday, who was wanted for allegedly laundering over $2 billion in connection with Venezuelan government bribery sch
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Investigation Reveals North Korean Hackers' $1.5 Billion Bybit Theft Money Laundering Network, U.S. Treasury Sanctions Involved Platforms
Blockchain investigator ZachXBT infiltrated a money laundering network, tracing over $12 million of the approximately $1.5 billion in cryptocurrency stolen by North Korean hackers from Bybit in Februa
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The U.S. Department of Justice is reviewing whether Binance violated its settlement agreement regarding Iran sanctions and is seeking to seize $61 million.
The U.S. Department of Justice is reviewing whether Binance violated its 2023 settlement agreement, following investigations suggesting the exchange may have breached sanctions against Iran, Bloomberg
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American Express has been fined $350 million for alleged money laundering, after being accused of processing approximately $13 billion in suspicious transactions.
American Express National Bank has agreed to pay a $350 million penalty to the Office of the Comptroller of the Currency (OCC) after the OCC found that the bank processed approximately $13 billion in
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Senator Richard Blumenthal probes ties between Cantor Fitzgerald and Tether
Senator Richard Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, has sent a letter to Cantor Fitzgerald's CEO, demanding answers about the firm's business relations
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Federal Reserve takes enforcement action against American Express for money laundering failures
The Federal Reserve Board announced an enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activ
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Wu Blockchain: North Korean hackers increasingly rely on professional cyber laundering, over $1 billion of Bybit's $1.5 billion stolen funds have been laundered.
**Wu Blockchain** reports that North Korean hackers are increasingly leveraging professional money-laundering networks to convert stolen cryptocurrency into usable funds. These intermediaries typicall
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ZachXBT: Chinese Crime Network Laundered Over $1 Billion for Lazarus Group
Blockchain detective ZachXBT revealed that a Chinese crime network laundered over $1 billion for North Korean hacking group Lazarus. ZachXBT stated he infiltrated the network by posing as a customer,
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ZachXBT Infiltrates Chinese Syndicate Laundering Bybit Hack Funds
Blockchain investigator ZachXBT reportedly posed as a client to infiltrate a Chinese syndicate involved in laundering funds stolen from the Bybit hack. He fronted 349,700 USDC and incurred a 5% loss o
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Lawyers say THORChain could face money laundering charges over stolen Bitget funds, but the situation is complex.
Crypto lawyer Yuriy Brisov stated that while THORChain will not or cannot block addresses related to the Bitget hack, its developers could face prosecution for money laundering, though the situation i
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US Fund Accuses Trader Radiant World of Fraud in Swiss Complaint
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iro
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Wu Blockchain forwarded ZachXBT's disclosure: Bitget's $387.5 million in stolen funds are being laundered through cross-chain bridges and Wasabi.
On-chain detective ZachXBT stated that Chinese illicit actors, allegedly laundering $387.5 million stolen funds from Bitget on behalf of North Korean attackers, have been openly soliciting order suppo
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How Stolen Bitcoin Is Cashed Out: The Evolution and Strategies of Cryptocurrency Money Laundering
Cryptocurrency criminals typically follow a three-stage money laundering model—placement, layering, and integration—to cash out illicitly obtained Bitcoin. As regulations tighten, simple exchange cash-outs are outdated, and hackers are turning to complex, multi-stage, fragmented strategies. As of 2026, cross-chain bridges have replaced mixers as the primary money laundering tool, combined with chain hopping, DeFi platforms, no/weak KYC exchanges, and darknet services, forming a typical 45-day laundering cycle. Law enforcement agencies and blockchain analytics companies are continuously tracking and combating these activities, but money laundering methods are becoming increasingly sophisticated, posing a severe challenge to global regulation.
Money laundering
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