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The nine founding accounts of the cryptocurrency earned about $87 million from 50,000 people who invested in it and saw its value disappear, with many media outlets describing the situation as characteristic of a scam commonly known as a "rug pull". [1] [16] [25]
As part of the Fourth Anti-Money Laundering Directive of 2015 and in an effort to combat money laundering and the financing of terrorism, the European Union has issued a directive making all member-states have to make sure that crypto exchanges are licensed and registered. [110]
A Chainalysis report showed $8.6 billion worth of cryptocurrency was laundered in 2021, marking a 30% increase over 2020.
Volume–price trend (VPT) (sometimes price–volume trend) is a technical analysis indicator intended to relate price and volume in the stock market.VPT is based on a running cumulative volume that adds or subtracts a multiple of the percentage change in share price trend and current volume, depending upon the investment's upward or downward movements.
The booming crypto sector is becoming a magnet for illicit money, which the tax agency has targeted more aggressively. IRS seized $3.5B in crypto-related fraud money this year as illicit activity ...
The Seychelles-based firm is one of the top crypto exchanges by trading volume. DOJ accuses crypto exchange KuCoin of money laundering violations and receiving billions in suspicious funds Skip to ...
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
The post A crown jewel for crypto money laundering is emerging, but no one is paying attention appeared first on The Block. ... Using a mining pool to clean “dirty” crypto is one of the least ...