Bitzlato co-founder reportedly released after brief arrest
The co-founder of Bitzlato, Anton Shkurenko, was held in Moscow on February 6 at Interpol’s request, according to local Russian media reports on Monday after which he has now been released. However, according to a CoinDesk story from February 10th, Shkurenko was stopped and held by the neighborhood police for an identification check before being […]
Binance faces money laundering accusation in connection with Bitzlato
In recent news, Binance cryptocurrency exchange has allegedly been affiliated with money laundering through transactions with crypto exchange Bitzlato. The creator of Bitzlato, a Russian named Anatoly Legkodymov, has been charged with using the website to launder 700 million dollars. According to the U.S. Justice Department, these monies have been used to carry out criminal […]
Use of Crypto in Money Laundering
Scammers and hackers in a bid to hide the proceeds of their escapades have turned to money laundering using cryptocurrencies. How crypto is being used for laundering illegal money, and the types of crimes involved are explained in this article. Cryptocurrencies are increasingly becoming the favored currency of cybercriminals, from using them to buy illegal […]
Thodex Crypto Exchange Founder Arrested in Albania
Thodex founder, Faruk Fatih Ozer went missing in 2021, taking money from 400,000 users with him. According to a statement from the Turkish Interior Ministry on Tuesday, the founder of one of Turkey’s biggest cryptocurrency exchanges, Thodex, which turned out to be an exit scam, has been arrested in Albania. Last year, Faruk Fatih Ozer’s […]
CoinSwitch is ‘Active’ CEO says ‘Under Duress’ From Indian Authority
The CEO of CoinSwitch also wanted to make it clear that the “engagement with the ED” is not about money laundering. The CEO of the Indian cryptocurrency exchange CoinSwitch Kuber, Ashish Singhal, said on Saturday, two days after the financial crimes agency Enforcement Directorate searched five locations, “We are fully cooperating with them.” Thursday, the […]