Laundering

The post XRP News: Ripple CLO Blasts Fed, Reveals Who’s Really Laundering Billions appeared first on Coinpedia Fintech News Amid rising fears about money laundering in crypto and exchanges, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, is setting the record straight! In a fiery post on X, Alderoty called out the U.S. Federal Reserve and SEC for unfairly targeting crypto. He pointed out that traditional finance, like the New York Fed, has been just as guilty of facilitating illicit transfers.…

The post Euler Hacker Congratulates Penpie On $27.3M Tornado Cash Laundering appeared first on Coinpedia Fintech News In a recent turn of events, the Euler Finance exploiter pats the back of the Penpie hacker by sending him a message saying, “Good Job.” The former exploiter stole almost 200 million dollars in March 2023 from Euler Finance and is yet to return it despite multiple attempts. Meanwhile, the Penpie hacker has stolen 27.3 million dollars worth of acid and recently laundered…

The post EFCC Opposes Bail as Detained Binance Exec Seeks Medical Care in Nigerian Money Laundering Trial appeared first on Coinpedia Fintech News The trial of Binance executive Tigran Gambaryan continued in Abuja on September 2, with Nigerian prosecutors arguing against his request for bail and minimizing his health issues. Lawyers for Nigeria’s EFCC argued that Gambaryan was not in poor health, even though the government regulator’s counsel submitted health records to the court showing he needed surgery. EFCC Counters…

The post Binance And Its Executives Trail For Money Laundering Moved Up Amid Controversy! appeared first on Coinpedia Fintech News The Nigerian court is set to witness the high-profile case involving the Binance exchange of two of its executives Nadeem Anjarwalla and Tigran Gambaryan. Originally scheduled for 11th October, the hearing is now advanced to 2nd September at the request of the defense amid ongoing tensions and increasing controversy. Notably, Binance and its executives are charged with serious allegations of…

The post Binance and CZ Accused of Laundering Stolen Assets appeared first on Coinpedia Fintech News Binance, the world’s largest cryptocurrency exchange is in hot water once again. The company and its former CEO, Changpeng Zhao also known as CZ, are facing a new class action lawsuit in the U.S. The lawsuit is filed in the Western District of Washington, Seattle. This lawsuit accuses Binance of helping criminals launder stolen cryptocurrency, making it nearly impossible to trace. This isn’t the…

The post Binance Described As ‘Crypto-Wash Empire’ In A Lawsuit Over Money Laundering Activities appeared first on Coinpedia Fintech News Binance and its former CEO Changpeng Zhao are facing a new class-action lawsuit alleging consumer harm due to the exchange’s money laundering activities in a Seattle Federal court. The lawsuit accuses the defendants of putting profits before the law as they allegedly generated substantial amounts of proceeds by allowing notorious actors to make their funds untraceable.  Plaintiff Highlights Binance’s Willful…

The post Binance Faces Money Laundering Charges in Nigeria – Future Uncertain! appeared first on Coinpedia Fintech News The court has postponed the case of money laundering against Binance in Nigeria until October 11. Binance faces four allegations of tax evasion in Nigeria. These include allegations of not registering for tax with Nigeria’s Federal Inland Revenue Service. In addition to tax evasion, Nigerian authorities have accused Binance and its two executives, Tigran Gambaryan and Nadeem Anjarwalla, of money laundering.  Tigran…

The European Parliament has approved new regulations for cryptocurrency agencies, forcing them to conduct due diligence to fight money laundering. The new rules affect all crypto-asset service providers (CASPs) under the new Markets in Crypto-Assets (MiCA) law. Cryptocurrency exchanges in the European Union must adhere to the new rules, which contain due diligence standards. Services like exchanging crypto for fiat and providing custody wallets will now take a new approach due to rapid technological developments and advancements in FATF (Financial…

The post Binance Exec Tigran Denied Bail in Nigeria Over Money Laundering Charges appeared first on Coinpedia Fintech News In a recent legal showdown in Nigeria, Justice Emeka Nwite of the Federal High Court in Abuja made a firm decision, refusing bail to Tigran Gambaryan, an executive linked to the cryptocurrency giant Binance. Gambaryan faces serious accusations, including money laundering and tax violations within Nigeria. Here’s a deep dive into the pressing issue. A High-Stakes Legal Battle The courtroom drama…