A young man from Newport Beach, California, has admitted his part in a big crypto theft. Evan Tangeman is one of nine people who have confessed to being involved in this crime. This group, called the Social Engineering Enterprise (SE Enterprise), stole around $263 million in cryptocurrency. The gro
The Huione Group, a major player in Cambodia's financial scene, has hit a rough patch. Recently, its banking service, Huione Pay, shut down branches and stopped cash withdrawals. People were seen lining up outside closed doors, hoping to get their money out. This isn't just bad luck; it's the result
Brazil is reaching out to the US for assistance in tackling organized crime and the smuggling of weapons. This request comes as part of broader trade discussions, following a recent police operation in Brazil that targeted tax evasion and money laundering in the fuel industry. Investigations in Bra
Brazil is reaching out to the US for help in tackling money laundering and illegal arms trafficking. The finance minister, Fernando Haddad, announced this plan recently. He pointed out that US-based funds are being misused to launder money and hide foreign investments in Brazil. This issue came to l
A major player in the crypto ATM world is at a crossroads. Crypto Dispensers, based in Chicago, is thinking about selling the company for up to $100 million. This comes at a tough time, as the company's CEO is facing serious money laundering charges. The company recently said it's looking into its
A crypto ATM company is thinking about selling itself for a huge amount of money. This comes right after the company and its boss were accused of laundering money. The company, called Crypto Dispensers, is based in Chicago. It lets people buy and send Bitcoin and other cryptocurrencies through their
The UK's crackdown on money laundering linked to Russia is making waves. Over 128 people have been arrested, and authorities have seized $32. 6 million in cash and crypto. This is all part of Operation Destabilise, which started making headlines in 2024. The operation has uncovered some shocking de
A Georgia resident, Olanrewaju B. Adeosun, was taken into custody in New York. He is accused of laundering almost $1 million from a business in Bergen County. This happened after a wire transfer scam was reported to the prosecutor's office in July 2024. The investigation, which lasted over a year,
In a recent crackdown, authorities in New Jersey have exposed a large-scale illegal sports betting operation with ties to organized crime. The investigation, led by the New Jersey State Police and the Division of Criminal Justice, has resulted in charges against 14 individuals, including members of
Brazil is stepping up its game in the crypto world. The central bank has just rolled out new rules for trading virtual assets, including cryptocurrencies. These rules aim to tackle money laundering and terrorism financing, extending existing regulations to virtual-asset service providers. Crypto ha
