Ohio Resident Charged With Laundering $311M in Bitcoin for AlphaBay
Ohio resident Larry Dean Harmon, 36, has been charged with laundering more than $300 million in bitcoin for darknet marketplace AlphaBay.
Homeland Security and Drug Enforcement Administration officials charged a LocalBitcoins user with laundering more than $140,000 in bitcoin.
A "large-scale" money laundering organization is allegedly using cryptocurrency to wash the proceeds from drug sales, according to a DEA agent's complaint.
Rapper Maksim Boiko had claimed bundles of money he posed with in photos came from rental revenue and investments in bitcoin.
Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Service arrested two men Monday for laundering millions of euros in cryptocurrency.
The arrest of Larry Harmon for an alleged connection to AlphaBay raises major questions: Do bitcoiners have a right to build privacy tech?
Chainalysis’ 2019 crime report found illicit activities accounted for roughly 1 percent of overall crypto transactions last year, and better enforcement of anti-money laundering and know-your-customer regulations could stamp out a large portion of that.