Laundering

California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

advertisement A California man who in February agreed to plead guilty to felony charges of money laundering and operating a crypto exchange without proper licensure has been sentenced to three years in federal prison, according to a release from the U.S. Department of Justice. As The Block previously reported, Hugo Sergio Mejia operated a Bitcoin-to-cash …

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Former BitMEX CEO Arthur Hayes surrenders to US authorities: report

U.S. Justice Department seeks crypto-specialized trial attorney for money laundering recovery

Per a job posting that appeared on June 21, the Department of Justice is looking for an attorney specialized in digital assets to join its criminal division.  The new hire will serve as the “subject matter expert on digital currency and blockchain technologies for the Criminal Division,” specifically the Digital Currency Initiative. The DCI itself …

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China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown

China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown

As Chinese police step up efforts to crack down on illegal economic activities, crypto over-the-counter (OTC) traders are being detained to assist investigations.  In another sign Chinese law enforcement are targeting cryptocurrency trading, Zhao Dong – a prominent Chinese crypto OTC trader and the co-founder of crypto lending platform RenrenBit – has been held up …

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