Money laundering
BTC-e founder admits guilt in $9 billion laundering conspiracy
Alexander Vinnik, a Russian national and co-founder of the cryptocurrency exchange BTC-e, has pleaded guilty to a significant money laundering conspiracy related to the exchange’s operations. This admission comes after a comprehensive investigation uncovered various illicit activities carried out on the platform between 2011 and 2017. The United States Justice Department (DOJ) reported that during […]
Taiwan Charged 32 People In $24M Crypto Fraud Linked to ACE Exchange
Taiwanese authorities charged 32 individuals with fraud and money laundering linked to the crypto trading platform Ace Exchange. According to a local news report, the Taipei District Prosecutors’ Office indicted 32 people, including Ace Exchange founder David Pan, his business partner, Lin Keng-hong, and former chairman Wang Chen-huan. According to the report, in 2019, the […]
Detained Binance Executive Gambaryan Sues Nigerian Authorities
According to local reports, detained Binance executive Tigran Gambaryan filed a lawsuit against Nigeria’s National Security Advisor (NSA) and the Economic and Financial Crimes Commission (EFCC) on March 28 for violating his basic human rights. Nigerian authorities detained Gambaryan, a US citizen overseeing the exchange’s crime investigation unit, along with Nadeem Anjarwalla, Binance’s regional manager […]
Binance Enrolls Millions, Skips Paperwork, Says Columbia Professor
The Binance settlement, according to adjunct professor Omid Malekan of Columbia Business School, demonstrates the unclear handling of banks and cryptocurrency companies. The United States’ crackdown on cryptocurrency businesses has sparked disagreement, and developments related to Binance have sparked significant debate about the future of cryptocurrency regulation. Omid Malekan, an adjunct professor at CBS and […]