My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in […]
Dubai Sets Global Precedent As VARA Approves First Crypto Options License Read More »
A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave of crypto laundering, with at least $40 million in stolen funds funneled into Bitcoin, Ethereum, and stablecoins. Key Takeaways: Hackers stole nearly $148 million from Brazilian banks by breaching C&M Software’s systems. At least $40 million was laundered
Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH Read More »
Singapore police are investigating 49 individuals for suspected involvement in money laundering schemes tied to crypto accounts, the police announced on June 12. Key Takeaways: Singapore police are investigating 49 individuals accused of selling crypto account access for cash via messaging apps. The suspects allegedly enabled laundering of scam proceeds by handing over login credentials
Singapore Police Probe 49 Suspects in Crypto-Linked Money Laundering Case Read More »
German police seized €34 million ($38 million) in crypto from the platform eXch on May 8. This was part of an ongoing investigation into the alleged use of eXch for laundering funds stolen during Bybit’s record-breaking $1.4 billion hack in February 2025. Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office announced the
eXch Crackdown: German Police Seize $38M Linked to $1.4B Bybit Hack Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure What began as a promising effort to apply transparent rules to crypto and stablecoins has run into a serious roadblock. On May 4, 2025, ten US Senators came out swinging against the revised version of the “GENIUS Act,” stating that it might
Crypto Bill Backlash: Senators Warn Stablecoin Act Isn’t Safe Read More »
The U.S. Treasury’s financial crimes arm has proposed removing the Huione Group, a Cambodia-based financial conglomerate, from the US financial system for its alleged involvement in Lazarus-linked crypto laundering. The FinCEN announced on Thursday that the Group serves as a “critical node for laundering proceeds of cyber heists” carried out by the infamous North Korean
FinCEN Issues Action to “Sever” Cambodia-Based Huione Group Over Crypto Laundering Ties Read More »
