Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers.
Samourai Wallet Charges Raise Existential Questions for Privacy Tech
Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet.
Samourai Wallet Founders Arrested and Charged With Money Laundering
Federal prosecutors charges Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be used by illicit actors and foreign governments to hide fund transfers.
How a Bitcoin Mixer Laundering Conviction Might Be Appealed
Bitcoin Fog Founder Convicted of Money Laundering
Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied to darknet marketplaces.
How the Crypto Industry Responded to FinCEN’s Proposed Mixer Rule
Last October, the Financial Crimes Enforcement Network proposed implementing a new regulatory regime for crypto mixing services that would treat the entire class of privacy tools as money laundering threats and force new recordkeeping rules on U.S. people or entities that use them. The industry had a chance to weigh in. Here’s the gist of their responses.
Tornado Cash Developers Storm, Pertsev Raise Over $350K for Legal Defense With Support From Snowden
A legal fund for the defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev has received more than $350,675 and public support from Edward Snowden, the former NSA whistleblower.
U.S. Treasury Seeks to Name Crypto Mixers as ‘Money Laundering Concern’
The U.S. Department of the Treasury’s financial crimes arm is proposing to label crypto mixers as a “primary money laundering concern” in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from anonymous crypto funds, including possibly Hamas.
Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury’s Authority
A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service.
Chainalysis Investigations Lead Is ‘Unaware’ of Scientific Evidence the Surveillance Software Works
Push to ban ransomware payments following Australia’s biggest cyber attack
The attack on Latitude Financial is Australia’s biggest cyber attack with driver’s license numbers, passports and financial documents among the stolen information.
Germany and U.S. Seize Over $46M Crypto Tied to ChipMixer Investigation: Europol
National authorities took down the platform’s infrastructure, seizing four servers and 7 terabytes of data.
Into the storm: The murky world of cryptocurrency mixers
A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.
