Articles for tag: Cryptocurrency, digital currency regulation, Garantex, Houthis, money laundering, terrorism financing, US sanctions

Market News

US Sanctions Eight Crypto Wallets Linked to Garantex Exchange and Yemeni Houthis Amid Ongoing Financial Measures

The U.S. Treasury Department has imposed sanctions on eight cryptocurrency wallet addresses linked to Garantex, a Russian exchange, and the Houthi group in Yemen. These addresses are believed to have facilitated nearly $1 billion in transactions tied to sanctioned entities, primarily funding Houthi operations. Experts highlight that the inclusion of these wallets underlines the growing ...

Market News

ISIS Laundering $25K Monthly via Crypto, US Officials Warn of Growing Digital Threat

A faction of ISIS is reportedly laundering around $25,000 each month using cryptocurrencies, as revealed by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). In a warning issued recently, FinCEN informed banks that ISIS is increasingly utilizing digital assets, like virtual currencies, to support its activities. The agency highlighted that ISIS and its affiliates are ...

Market News

Four Brothers Operate $3.8B Gambling Ring Disguised as Cryptocurrency Investment Scheme, Exposing a Major Fraud Scandal

Ho Chi Minh City police are intensifying their investigation into a large gambling operation led by Huynh Long Nhu and his siblings. They are facing charges for organizing gambling along with nine others, while additional suspects remain at large. The operation, which ran from 2020 until late 2021, included over 25,000 registered accounts and facilitated ...

Market News

North Korean Hackers Cash Out Millions from $1.5 Billion ByBit Hack: A Deep Dive into the Cyber Heist

North Korean hackers, known as the Lazarus Group, have successfully stolen over $300 million from a recent $1.5 billion cryptocurrency heist targeting the ByBit exchange. This group has been active in laundering cryptocurrency to fund the North Korean regime’s military. Experts report that the hackers work almost around the clock to cover their money trail, ...

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