News list for " money launderer"
Heather'Razzlekhan 'Morgan, a money launderer in the Bitfinex hack, was sentenced to 18 months in prison and her husband, Ilya "Dutch" Lichstan, was sentenced to five years last week. The hack caused the Bitfinex exchange to lose nearly 120,000 bitcoins (worth about $9 billion at today's prices). "I am very sorry and deeply regret the choices I made," Morgan said at Monday's sentencing hearing. "I spent my time and energy on bad things instead of...
On July 16th, a report by Chainalysis stated that money launderers use cryptocurrencies to mask the origin and flow of illegal funds, using methods such as crypto mixers, cross-chain bridges, and wallet "conversions" to hide the flow of funds. Since 2019, nearly $100 billion of funds have been transferred from known illegal wallets to conversion services, with a peak of $30 billion in 2022. Nonetheless, Chainalysis pointed out that cryptocurrency money laundering activities can still be traced a...
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