Cryptocurrency Analysis and News Portal
The current U.S. TRUST membership includes: Anchorage, Avanti, Bitgo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, Paxos, Robinhood, Standard Custody & Trust, Symbridge, Tradestation, Zero Hash and Zodia Custody. Source
Read More
While initial reports suggested there was a server breach at BitGo at the time, the company said it found no evidence of such. Further, Bitfinex held two of the keys. The precise details of the hack itself seem to still be unclear. Worth noting: Federal officials are not charging either
Read More
Prosecutors allege that Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, conspired together to launder 119,754 bitcoins – worth over $5 billion in today’s prices – that were stolen during the 2016 hack of Bitfinex. The couple faces two conspiracy charges each that could see them face up to
Read More
Lichtenstein, a dual U.S.-Russian citizen, was found to have a document on his computer called “passport_ideas” that contained stolen biographical information purchased from a darknet marketplace, as well as links to darknet marketplace providers of false identity documents, prosecutors said. Prosecutors also noted during the arraignment that Morgan was learning
Read More
On Feb. 6, the United States Department of the Treasury released a report under the headline “Study of the facilitation of money laundering and terror finance through the trade in works of art.” In fact, only a tiny fraction of the 40-page document is dedicated to the “Emerging Digital Art
Read More
New York resident Heather Morgan, 31, claims to be many things: “a serial entrepreneur, prolific writer, irreverent comedic rapper, and investor in B2B software companies with high growth potential.”But her LinkedIn bio doesn’t mention anything about her alleged capability to help launder hacked cryptocurrency.Yesterday morning, FBI agents arrested Morgan —
Read More
Chief Judge Beryl Howell, of the U.S. District Court for Washington, D.C., stayed an earlier order by a New York magistrate judge to release Ilya "Dutch" Lichtenstein and Heather Morgan on bail. The two were arrested Tuesday by federal officials on charges stemming from a 2016 hack of the Bitfinex
Read More
The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations.The treasury’s “Study of the facilitation of money laundering and terror finance through the trade in works of art”
Read More
The U.S. Department of the Treasury warned that non-fungible tokens (NFTs) may become a tool for money laundering in the high value art market. Original Source
Read More
A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from 2020, but still remains well below the high watermark hit in 2019. That year $10.9 billion in value was laundered via cryptocurrency. Since 2017, Chainalysis estimates that a
Read More