Binance Faces Aggravated Money Laundering Charges In France, Key Figure Departs
In a recent development, Binance, the world’s largest cryptocurrency exchange, is facing serious allegations of “aggravated money laundering” in France. These charges come after a visit by local police to the exchange’s headquarters in the European country on June 16. Binance Faces French Probe French prosecutors initiated the investigation into Binance in June 2023, looking […]
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Ross Ulbricht, alleged Silk Road HBIC, is claiming that new federal bitcoin lawsclassifying bitcoin as assets and not money invalidate the money laundering charges he faces. In short, heargues that you can't launder money if you're not using it. Earlier this year, Robert Faiella, 52, and Charlie Shrem, 24, were arrested on federal money laundering charges for their bitcoin activity on Silk Road. It would stand to reason that if Ulbricht did not break anti-money laundering laws, they didn't either. The two allegedly sold more than $1 million in bitcoin to Silk Road users. Selling assets....
The Russian national linked to the laundering of $4 billion of Bitcoin stolen during the Mt. Gox hack is finally in court. The trial of the alleged launderer of $4 billion worth of Bitcoin (BTC), Alexander Vinnik, got underway in Paris on Oct 19.However, despite reported links to the 300,000 BTC hack of Mt. Gox in 2014, prosecutors are focusing on a €135 million ($159 million) ransomware fraud targeting French businesses and organizations between 2016 and 2018.According to AP News, Russian national Vinnik is being charged with extortion, money laundering and criminal association after 20....
Binance, one of the largest cryptocurrency exchanges in the world, is now being probed by the Department of Justice (DOJ) under the assumption that it could be immersed in money laundering transactions. The investigation will also include inquiries from the Internal Revenue Service (IRS), which has been recently investigating a number of crypto trading platforms. Binance Probed by US Department of Justice Today, it was revealed that Binance, one of the most popular cryptocurrency exchanges in the world, is being the subject of an investigation related to transactions involving alleged....
Having served two years in prison in France, accused BTC-e mastermind Alexander Vinnik has now been extradited to the U.S. to face multiple charges in California. Accused Bitcoin- (BTC)-e operator Alexander Vinnik has reportedly been extradited to America to face up to multiple charges relating to money laundering while working at the now-defunct cryptocurrency exchange.Vinnik has been embroiled in legal battles over the past five years for his alleged role as the mastermind of BTC-e. The cryptocurrency exchange is said to have profited from various illicit activities that used the....
Alexander Vinnik, an alleged BTC-e operator, was found guilty of money laundering in France and sentenced to five years in prison.