money laundering

Projects in decentralized finance, or DeFi, may have to meet governance and security norms or incorporate them, as regulators look to extend proposed cryptocurrency laws to cover more diffuse structures, according to a report by the French central bank. What Happened: As regulators...

U.S. prosecutors and lawyers are allowing FTX founder and former CEO Sam Bankman-Fried access to a limited number of websites on a specially configured laptop. Among the approved sites are Amazon, the Wall Street Journal, the New York Times, Decrypt, CoinDesk, Netflix, Spotify, DoorDash, Uber Eats...

Attorneys representing FTX founder Sam Bankman-Fried have reached a consensus on updated bail terms with U.S. prosecutors, as disclosed in legal documents filed on Monday. District Judge Lewis Kaplan of the Southern District of New York is set to review the proposed conditions, which include...

FTX (CRYPTO: FTT) founder Sam Bankman-Fried filed a motion Wednesday requesting that Relm Insurance and Beazley Insurance prioritize reimbursing his legal fees and advance future costs. in accordance with their policy conditions. Directors' and officers' (D&O) insurance policies...

A SPAC merger to bring Donald Trump’s media company and social media platform public has faced delays and setbacks and remains up in the air getting approval. A new report highlighted an investigation into the target company over money laundering. What Happened: In October 2021, Trump...

The Indian government has tightened its regulatory grip on cryptocurrencies by imposing money laundering provisions on the sector. According to a notice released by the Finance Ministry on Tuesday, anti-money laundering legislation will now apply to cryptocurrency trading, safekeeping and...

An attorney for the U.S. Department of Justice has proposed that Sam Bankman-Fried should have restricted access to the internet as part of his bail conditions, according to recent court filings. Bankman-Fried is the founder of FTX, a bankrupt cryptocurrency exchange, and is facing charges of...

A group of bipartisan senators has accused Binance, the world's largest cryptocurrency exchange, of enabling "illegal financial activity" and avoiding regulatory measures in a letter addressed to the company's CEO Changpeng "CZ" Zhao and Binance.US President and CEO...

New information has come to light pertaining to accusations made against Indian Billionaire Gautam Adani by short-seller group Hindenburg Research. In late January, Hindenburg published an in-depth research report accusing Adani, the head of Indian conglomerate Adani Group, of executing the "...

The co-founder of Bitzlato, a Hong Kong-based crypto exchange that faced money laundering charges and had its servers seized in an international operation, has announced that the company plans to resume operations and allow partial withdrawals. Anton Shkurenko stated in a Russian YouTube interview...

The South Korean Ministry of Justice has outlined a plan to fight money laundering via cryptocurrency in a task report released Thursday. What Happened: The ministry intends to start tracking crypto transactions using third-party software initially to examine transaction history, gather...

Crypto giant Binance reportedly processed almost $346 million in Bitcoin (CRYPTO: BTC) for the Bitzlato digital currency exchange, the founder of which was arrested by U.S. authorities last week for allegedly running a "money laundering engine," according to blockchain data,...

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to eight charges in a New York federal court, related to the collapse of his exchange and hedge fund Alameda Research, CNBC reported. The charges include conspiracy to commit wire fraud and securities fraud, individual charges of securities...

Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, will reportedly plead to criminal charges alleging that he defrauded investors and misused billions of dollars in customer funds. The 30-year-old is scheduled to be arraigned on Jan. 3, 2023, in front of U.S. District Judge Lewis...

Non-fungible token (NFT) marketplace OpenSea has started to delist Cuban artists and users in order to comply with U.S. sanctions. "Our terms of service explicitly prohibit sanctioned individuals, individuals in sanctioned jurisdictions, or services from using OpenSea," a spokesperson for...