crypto laundering Archives

Two Chinese nationals who were detained have been accused by the U.S. Department of Justice (DoJ) for allegedly masterminding a pig slaughtering scheme that diverted at least $73 million from victims by using shell corporations. On April 12 and May 16, respectively, the people, Daren Li, 41, and Yicheng Zhang, 38, were taken into custody in Atlanta and Los Angeles. According to Deputy Attorney General Lisa Monaco, the foreign nationals are accused of spearheading a plot to launder money totaling at least $73 million connected to a global cryptocurrency investment scam. Li, Zhang, and their accomplices are charged by the prosecution with running an international gang that laundered money acquired through cryptocurrency investment frauds read more Chinese Nationals Arrested for Lau...

According to the Department of Justice (DoJ), a North Korean national is suspected of collaborating with cryptocurrency traders to recover digital monies taken in cyberattacks and using them to buy products from the United States for his heavily sanctioned homeland. Sim Hyon Sop, 39, was charged on April 24 in a federal court in the District of Columbia. They further claim Sim attempted to make money for the Democratic People's Republic of Korea through a number of "money laundering conspiracies designed to generate revenue." According to the DoJ, Sim's two-pronged scheme involved stealing money that had been stolen in cryptocurrency exchange breaches and working read more North Korea man charged with crypto laundering in US. With ReconBee.com Stay ahead of the latest threats wit...

Tag: crypto laundering

Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam

North Korean man charged with crypto laundering in US