Recent fraud cases in 2023 have shown a disturbing reality of deception and illicit activities that continue to plague individuals and organizations across various industries. Unveiling an intricate web of fraud, these cases serve as a sudden reminder of the ever-present threat and evolving tactics ...
The latest news on hackers shows that no one is protected from their schemes, with several cases of exchange hacks. In 2014, Mt. Gox, once the world’s largest Bitcoin exchanges, declared bankruptcy after losing 850,000 Bitcoin (BTC). In March 2022, hackers targeted the Axie Infinity ...
The Corporate Transparency Act was introduced as part of the Anti-Money Laundering Act of 2020, which was itself part of theNational Defense Authorization Act (NDAA).1Although then-President Donald Trump vetoed the NDAA, Congress overrode the veto on Jan. 1, 2021.23 Under the law, which went...
s association with Tornado Cash as an example of such regulation. In 2022, OFAC sanctioned Tornado Cash for allegedly assisting in money laundering. Although Tether initially did not take action against Tornado Cash addresses, in December 2023, Tether decided to freeze stablecoin held in OFAC-...
(SDNY) also imposed one month of supervised release and a forfeiture of $111 million as restitution. Dilkinska pled guilty to wire fraud and money laundering charges in the Southern District of New York in November 2023. This comes after OneCoin’s co-founder, Karl Sebastian Greenwood, was ...