Money Laundering
North Korea’s ‘Lazarus’ Hackers Allegedly Behind Ronin Network Exploit
The U.S. Treasury Department alleged that North Korean state-linked hacking group “Lazarus” is tied to last month’s over $600 million theft from Axie Infinity’s Ronin bridge. “The Hash” group discusses efforts made by the Office of Foreign Assets Control (OFAC) to sanction associated wallets and the use of decentralized mixers like Tornado Cash for laundering ill-gotten funds.
EU’s Crypto Activism Gets Mixed Reception at Paris Blockchain Week
New EU money laundering rules could be unworkable and destructive to the industry, some think. Others say crypto companies must learn to live with privacy-busting regulation.
I’m Not Anti-Crypto, Says Architect of Controversial EU Money Laundering Proposal
In an exclusive interview, Belgium’s Assita Kanko tells CoinDesk she just wants to stop anonymous payments being used for crime. Her claims seem unlikely to impress an industry complaining of privacy violations and stifling innovation.
EU Parliament Passes Privacy-Busting Crypto Rules Despite Industry Criticism
Lawmakers are set to end even the smallest anonymous crypto transactions, and plan measures that could see unregulated exchanges cut off.
Crypto Privacy Positions Harden Ahead of Crunch EU Vote
Lawmakers don’t appear swayed by crypto industry claims as they consider applying anti-laundering identification rules to the sector, but some argue the EU plans are unworkable or unlawful.
EU Lawmakers to Vote on Blocking Anonymous Crypto Payments, Documents Show
The European Parliament also wants to curb payments to tax havens and check people’s identity even for payments between unhosted wallets.
Former Party Organizer Indicted for Laundering $2.7M in Bitcoin and Cash
Thomas Spieker was indicted for operating a global bitcoin laundering scheme that helped multiple clients hide profits earned from illegal activities.
Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in Alleged $722M Ponzi Scheme
The 57-year-old Nevada man pleaded guilty to one count of conspiracy to commit money laundering and one count of aiding in the preparation of a false tax return.
Why UK Financial Watchdog Wants to Shut Down Crypto ATMs
The U.K.'s Financial Conduct Authority (FCA) has stated that crypto ATMs operating in the country are illegal due to money laundering regulations. “The Hash” hosts examine how this might affect crypto usage, noting the privacy benefits of bitcoin ATMs and the possible impact on Ukrainian refugees who are fleeing their country with their savings in cryptocurrency assets.
UK Government Wants More Power to Seize Crypto Assets: Report
The reforms will be set out under a new economic crime bill aimed at addressing the use of digital currencies to hide the origin of potentially nefarious funding.
