Cybercriminals Arrested By Spanish Police For Cryptolaundering

BitcoinNitish Singh0

A gang of Russian and Ukrainian criminals allegedly robbed multiple global financial establishments for USD 1,24 billion and then laundered the money converting it into Bitcoins. A very intricate plan which lead the group to avoid getting caught for a long time. Luckily, the Spanish Police managed to apprehend these cybercriminals, putting an end to their…

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Coincheck Cryptocurrency Hack Remains Unsolved

WalletsNitish Singh0

One of the main problems around cryptocurrency is that it makes money laundering much easier. What is more disturbing is that crypto-exchanges are fairly ill-equipped to combat these issues. The recent Coincheck hack highlights money laundering potential of the digital currency. When Coincheck was hacked earlier this year, over $500 million got stolen in NEM. It is…

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South Korean Prosecutors Raided Three Cryptocurrency Exchanges

BitcoinNitish Singh0

The world of cryptocurrency has its fair share of corruption and malicious activities. Three cryptocurrency exchanges working in South Korea have been suspected for embezzlement of their customers’ funds and were raided by the Seoul Southern District Prosecutors’ Office. According to a report, the exchanges came under the eyes of the Financial Services Commission (FSC)….

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