Money Laundering

Crypto

Craig Costello Faces £137,577 Asset Confiscation Asset Including Cryptocurrency Holdings – Blockonomi
Byaea2ede5_admin January 4, 2026

TLDR: Prosecutors identified £4,012.21 in Ethereum Classic cryptocurrency linked to drug trafficking. Craig Costello generated £1.6m in illegal profits from international cocaine distribution ring. Five-bedroom property sold and vehicles liquidated as part of proceeds of crime application. Confiscation order delayed due to ongoing divorce settlement over £107,722.80 property equity. Craig Costello, a convicted drug trafficker…

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Crypto

KuCoin Faces $14M Canadian Action in Registration, Money Laundering Controls Dispute
Byaea2ede5_admin September 25, 2025

KuCoin is appealing a Canadian enforcement action in which the exchange was accused of failing to register as a money-services business and failing to maintain proper defenses against money laundering, a case that led to a penalty of more than $19 million ($14 million U.S.). That unusually large penalty from the Financial Transactions and Reports…

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Crypto

Samourai Wallet Founders Plead Guilty in $100M Bitcoin Laundering Case
Byaea2ede5_admin August 2, 2025

Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024 and had made several attempts to have their lawsuit dropped. Pleas Changed on Wednesday According to court documents shared earlier in the week, the executives agreed…

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Stocks

Garantex Founder Arrested in India
Byaea2ede5_admin March 13, 2025

Indian authorities have arrested Aleksej Besciokov, the co-founder of the Russian cryptocurrencyA cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by central banks, cryptocurrencies operate on de… exchange Garantex, which has been accused of facilitating illicit financial transactions. Besciokov was detained in Thiruvananthapuram following a…

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Stocks

Russia’s Crypto Sector Faces Major Blow, Garantex Shuts Down
Byaea2ede5_admin March 12, 2025

Russia’s cryptocurrencyA cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by central banks, cryptocurrencies operate on de… market has been dealt a significant setback following the forced suspension of services by Garantex, one of the country’s leading digital asset exchanges. The move comes as a…

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Stocks

International Crackdown on Russian Crypto Exchange Garantex
Byaea2ede5_admin March 9, 2025

In a significant development within the global cryptocurrencyA cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by central banks, cryptocurrencies operate on de… sector, international authorities have intensified their crackdown on the Russian digital asset exchange Garantex. The coordinated efforts, led by the United States…

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Stocks

South Korea Is Finally Lifting Its Crypto Ban—Here’s What It Means for Investors
Byaea2ede5_admin February 20, 2025

South Korea’s regulatory landscape for digital assets is undergoing a significant transformation, marked by the Korean Financial Services Commission (FSC) announcing a plan to gradually lift the ban on institutional cryptocurrencyA cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by central banks, cryptocurrencies operate on…

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Stocks

Turkey’s Dropping a Crypto Crackdown in 2025
Byaea2ede5_admin February 19, 2025

Turkey is poised to enforce stringent cryptocurrencyA cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by central banks, cryptocurrencies operate on de… regulations starting February 25, 2025, in a move aimed at aligning with global anti-money laundering (AML) standards. These new regulations are expected to…

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Stocks

Brazil Approves World’s First XRP Spot ETF, Setting a Precedent for Global Markets
Byaea2ede5_admin February 19, 2025

Brazil has become the first country to approve an XRPXRP is a cryptocurrency and digital asset that serves as the native token of the XRP Ledger (XRPL), a decentralized blockchain protocol. Here’s an overview of XRP as an altcoin: Ke… spot exchange-traded fund (ETF), marking a significant milestone in the cryptocurrencyA cryptocurrency is a digital…

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Crypto

New Jersey Man Convicted in Fentanyl Trafficking and Money Laundering Crypto Scheme
Byaea2ede5_admin February 1, 2025

A New Jersey jury has convicted a man for his role in a drug trafficking and money laundering operation that used wire transfers and cryptocurrency to move illicit funds. The scheme, which prosecutors in the case say ran for six years, involved importing and distributing fentanyl-related substances. Crypto-Fueled Drug Network The federal jury found William…

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