More on Money laundering

Cambodia’s parliament has passed its first cybercrime law targeting scam compounds, focusing on cross-border fraud and money laundering involving crypto. The law sets penalties of 2–5 years in prison and fines for standard offenses, rising to up to 10 years for cases involving organized groups or mu

Cambodia’s parliament has passed its first cybercrime law targeting scam compounds, focusing on cross-border fraud and money laundering involving crypto. The law sets penalties of 2–5 years in prison and fines for standard offenses, rising to up to 10 years for cases involving organized groups or mu

𝕏/@WuBlockchain ·

UPDATE: Blockchain analytics firm says the $285M exploit of carries multiple indicators of North Korean state-sponsored hacker involvement, citing laundering patterns consistent with previous DPRK-linked crypto thefts.

UPDATE: Blockchain analytics firm says the $285M exploit of carries multiple indicators of North Korean state-sponsored hacker involvement, citing laundering patterns consistent with previous DPRK-linked crypto thefts.

𝕏/@CoinDesk ·

Fed's Barr warns stablecoins heighten money laundering and stability risks, urging tighter controls

Fed's Barr warns stablecoins heighten money laundering and stability risks, urging tighter controls

decrypt.co ·

Cambodia extradites Huione Group chairman to China over $4B laundering operation tied to North Korean hackers

Cambodia extradites Huione Group chairman to China over $4B laundering operation tied to North Korean hackers

Hongkongfp ·

Following Chen Zhi, Li Xiong, chairman of Huione, Southeast Asia's largest cryptocurrency money laundering network, was extradited from Cambodia, to China to stand trial. Chen Zhi had previously had 127,000 bitcoins seized by the US government.

Following Chen Zhi, Li Xiong, chairman of Huione, Southeast Asia's largest cryptocurrency money laundering network, was extradited from Cambodia, to China to stand trial. Chen Zhi had previously had 127,000 bitcoins seized by the US government.

𝕏/@WuBlockchain ·

Huione chairman Li Xionye extradited from Cambodia to China amid money laundering risks, following Chen Zhi's bitcoin seizure

Huione chairman Li Xionye extradited from Cambodia to China amid money laundering risks, following Chen Zhi's bitcoin seizure

𝕏/@WuBlockchain ·

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