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Money laundering
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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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Coinbase Scammer Ronald Spektor Sentenced to 4-12 Years in Prison for Stealing Nearly $16 Million from Users
The 23-year-old Brooklyn man pleaded guilty on Sept. 2 to 31 counts, including first-degree money laundering and grand larceny. He defrauded approximately 100 Coinbase users by posing as exchange repr
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FT investigation: Rosneft's billions fueled Kremlin-backed money laundering network to circumvent sanctions
FT investigation: Rosneft's billions fueled Kremlin-backed money laundering network to circumvent sanctions
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Polish prosecutors have charged a former police officer in connection with the Zondacrypto cryptocurrency exchange fraud case, as investigators search for the missing founder.
The Polish Prosecutor's Office has charged former police officer Artur K. with alleged involvement in an organized crime group, assisting in the misappropriation of Zondacrypto user funds, and money l
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UK financial firms closed 238,396 suspected money mule accounts in 2025, up from 2024, but criminals still shift funds through multiple accounts
The UK's Financial Conduct Authority (FCA) reported that financial firms shut down 238,396 suspected money mule accounts in 2025, an increase from 233,269 in 2024 and 184,935 in 2023. Despite these ef
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UK anti-corruption prosecutors are cooperating with Alejandro Betancourt, a Venezuelan oil tycoon linked to Donald Trump, in a Swiss investigation.
The Financial Times reported that Venezuelan oil tycoon Alejandro Betancourt was previously wanted by Swiss authorities in connection with a money laundering investigation.
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Standard Chartered CEO Says "Bad Guy" Russian Accounts Closed Due to Sanction Evasion
Standard Chartered CEO Bill Winters said the bank has closed accounts after discovering Russian money laundering groups attempting to circumvent Western sanctions imposed over the conflict in Ukraine.
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UAE and Sweden arrest 7 members of a suspected crypto money laundering gang, involving $7.1 million and linked to a contract killing case.
UAE and Sweden arrest 7 members of a suspected crypto money laundering gang, involving $7.1 million and linked to a contract killing case.
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UK FCA executive director Steve Smart warns financial crime threat is worsening, with over £100bn laundered annually in the UK
Steve Smart, the executive director of enforcement and market oversight at the UK Financial Conduct Authority (FCA), stated at the Law Society Economic Crime Conference 2026 that fraud accounted for n
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Maduro Fixer Saab Pleads Guilty in US Money-Laundering Case
Maduro Fixer Saab Pleads Guilty in US Money-Laundering Case
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Mexican Authorities Uncover Suspected Cartel-Linked Crypto Mining Farm
Mexican authorities are investigating a clandestine crypto-mining operation in Puebla suspected of laundering illicit funds, Reuters reports. Police discovered 300 GPUs and extensive power infrastruct
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The U.S. Department of Justice acknowledges Tether's assistance in combating global crypto fraud networks, an operation that froze over $52 million in cryptocurrencies.
Tether announced today that the U.S. Department of Justice (DOJ) has recognized its active assistance in combating an international cryptocurrency fraud, money laundering, and scam operation network.
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22-year-old crypto ringleader Malone Lam pleads guilty to $245 million racketeering scheme
Malone Lam, a 22-year-old Singaporean citizen residing in Miami, pleaded guilty on Tuesday to one count of federal racketeering conspiracy. Prosecutors stated that Lam led an international "social eng
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Bloomberg's Odd Lots podcast discusses how Mexican cartels use farm equipment for money laundering
On the Odd Lots podcast, journalist Oliver Bullough joined hosts Tracy Alloway and Joe Weisenthal to explore how Mexican cartels utilize heavy farm equipment to launder money, highlighting criminals'
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US authorities have busted a $250 million gold fraud scheme, with over 200 elderly victims and more than 40 individuals indicted.
The Tarrant County District Attorney's Office in Texas announced the bust of a $250 million gold scam targeting over 200 elderly individuals, with more than 40 people indicted so far. The scam ring tr
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Analysts: North Korean Hackers Laundered $242 Million in Stolen Binance Funds via Tron; FBI Pressuring THORChain
North Korean hackers laundered $242 million stolen from Binance via the TRON network, and the FBI is reportedly pressuring THORChain over the matter, according to analysts. Crypto bridges Relay, THORC
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Chainalysis: Binance Hacker Laundered Funds to Solana After Stealing $500 Million on Tron
Chainalysis reports that Binance hackers, after laundering $500 million stolen on the Tron network, have transferred the funds to the Solana network. The firm noted that the operations on the Tron net
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FBI Attributes $6.3 Billion Crypto Theft from Binance to North Korea; Binance Has Covered 90% of Losses and Plans to Resume Withdrawals on Sunday
The U.S. Federal Bureau of Investigation (FBI) has attributed the record-breaking $6.3 billion virtual asset theft from cryptocurrency exchange Binance to North Korea's TraderTraitor group, calling on
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FBI Attributes Over $6 Billion Binance Hack to North Korea, Urges Crypto Service Providers to Block Money Laundering Transactions
The Federal Bureau of Investigation (FBI) attributed the over $6 billion Binance hack to the North Korean hacking group TraderTraitor and observed the attackers primarily converting the stolen crypto
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FBI Attributes Over $6 Billion Binance Hack to North Korea
The Federal Bureau of Investigation (FBI) has attributed the over $6 billion Binance hack to the North Korean hacking group TraderTraitor and is seeking to disrupt its money laundering pathways. Binan
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Chainalysis: Ethereum Reorg Causes THORChain Emergency Pause, Accidentally Delays Binance Hacked Funds Laundering
Blockchain analytics firm Chainalysis stated that on the morning of October 31, ET, an Ethereum chain reorganization occurred, causing THORChain to mistakenly double-refund 10 ETH to a user, triggerin
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Chainalysis Flags DeFi Receipt Token Laundering Path in Binance Hack Investigation
Chainalysis identified a DeFi receipt token money laundering path in the Binance hack investigation. An on-chain case showed USDT being deposited into JustLend, converted to jUSDT, and then redeemed b
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Chainalysis: Binance Hackers Deployed Unprecedented Money Laundering Tactics, Rapidly Converting $6.3 Billion in Stolen Funds
Blockchain analytics firm Chainalysis stated on October 30 that the hackers behind the $6.3 billion Binance exploit are employing unprecedented money laundering tactics and rapidly converting stolen a
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Binance hack: Investigators in 'cat and mouse game' to recover $6.3 billion in stolen funds
Crypto firms and law enforcement are in a "cat and mouse game" to recover over $6 billion stolen from Binance by alleged North Korea-linked hackers, who are using sophisticated obfuscation techniques
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Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft
Israel has extradited Israeli-Russian citizen Alexander Block to the United States to face charges over the alleged theft of about $2.8 million from crypto bridge Nomad. Block was arrested in May 2025
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Chainalysis Says Binance Hacker Swapped $325 Million to Evade Freezes, with Frozen Assets Now Totaling About $2.8 Billion and Transaction Patterns Suggesting Automated Laundering
Chainalysis Says Binance Hacker Swapped $325 Million to Evade Freezes, with Frozen Assets Now Totaling About $2.8 Billion and Transaction Patterns Suggesting Automated Laundering
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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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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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