# Money Laundering Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Money Laundering", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Coinbase Rep Scam: Brooklyn DA Charges Man In $16M Fraud Case – Details

A Brooklyn man, Ronald Spektor, has been indicted for allegedly orchestrating a $16 million phishing scam by posing as a Coinbase representative. From April 2023 to December 2024, he contacted users, falsely claiming their assets were at risk, and directed them to transfer funds to a wallet he controlled. Approximately 100 victims were identified across the U.S., with individual losses reaching up to $1 million. Spektor laundered the stolen crypto through mixers and gambling sites. He faces 31 counts, including grand larceny and money laundering, and is being held on $2.5 million bail. Authorities have seized $505,000 in assets so far. Coinbase collaborated in the investigation, aiding in identifying the perpetrator and assisting law enforcement. The Brooklyn DA emphasized a continued commitment to combating cryptocurrency fraud.

bitcoinist12/21 17:03

Coinbase Rep Scam: Brooklyn DA Charges Man In $16M Fraud Case – Details

bitcoinist12/21 17:03

$9.3B lost – Can SAFE Crypto Act ‘protect Americans against scams’?

A bipartisan U.S. Senate group introduced the SAFE Crypto Act to combat rising cryptocurrency fraud, which cost Americans $9.3 billion in losses last year. The bill establishes a federal task force combining Treasury, DOJ, Secret Service, and private crypto firms to improve enforcement, enhance public education, and coordinate internationally. It requires action within 180 days and aims to replace outdated laws with stronger measures against scams.

ambcrypto12/18 12:03

$9.3B lost – Can SAFE Crypto Act ‘protect Americans against scams’?

ambcrypto12/18 12:03

Will Bitcoin Developer Keonne Rodriguez Be the Next Crypto Figure Pardoned by Trump?

On December 16, Bitcoin developer Keonne Rodriguez, co-founder of privacy-focused Samourai Wallet, was brought to President Donald Trump’s attention during a meeting at the Oval Office. Although not a pardon, Trump acknowledged the case and directed the Attorney General to look into it. Rodriguez is scheduled to begin a five-year prison sentence on December 20. Rodriguez developed Samourai Wallet, a non-custodial Bitcoin privacy tool offering features like Whirlpool (coin mixing) and Ricochet (transaction obfuscation). U.S. prosecutors arrested him and co-founder William Hill in April 2024, arguing that the service operated as an unlicensed money-transmitting business. Both later pleaded guilty, with Rodriguez receiving a five-year sentence. Evidence included internal messages where Rodriguez described mixing as “money laundering for bitcoin.” The case has sparked debate over whether privacy tools constitute innovation or criminal infrastructure. Trump has previously pardoned several crypto figures, including Ross Ulbricht, BitMEX executives, and Binance’s CZ, raising speculation about a possible pardon for Rodriguez. Even if pardoned, Samourai Wallet is unlikely to revive. However, its code has been forked into more decentralized successors like Ashigaru, reflecting persistent demand for financial privacy tools. The case underscores the tension between privacy technology and regulatory enforcement, with implications for future innovation and legal boundaries in the crypto space.

marsbit12/16 02:56

Will Bitcoin Developer Keonne Rodriguez Be the Next Crypto Figure Pardoned by Trump?

marsbit12/16 02:56

In Surgut, 'Money Launderers' Laundered Nearly ₽100 Million Through Cryptocurrency

In Surgut, Russia, enforcement authorities have dismantled an organized criminal group that laundered nearly 100 million rubles using cryptocurrency. The group specialized in the illegal circulation of payment means, according to an official statement from the Ministry of Internal Affairs. The criminals purchased bank cards from individuals to gain access to their accounts, which were then used to collect illicitly obtained funds. The group subsequently cashed out the money, converted it into cryptocurrency, and transferred it to their "curators," charging a commission of 3-15% for their services. According to data from a cryptocurrency exchange, the transaction volume involving the suspects exceeded 94 million rubles. The purchased bank cards were also used for remote thefts across Russia. Three members of the group have been detained, with another placed under travel restrictions. A criminal case has been initiated under the relevant article of the Russian Criminal Code. The Bank of Russia plans to enhance monitoring of the crypto market and strengthen measures against fraud, including the launch of the "Antidrop" system by mid-2027. This system will provide banks with information on "drops" – individuals whose bank details are used for shadow transactions. As part of this effort, banks will be required to link Russian citizens' accounts to their tax identification numbers (INN).

RBK-crypto12/10 12:04

In Surgut, 'Money Launderers' Laundered Nearly ₽100 Million Through Cryptocurrency

RBK-crypto12/10 12:04

"No Questions Asked, Cash Accepted": A Record of Cryptocurrency Street Trading in Montenegro

In Montenegro, cryptocurrency transactions operate in a regulatory vacuum, with unverified intermediaries facilitating anonymous cash-for-crypto exchanges on the streets of Podgorica. A BIRN investigation documented a typical transaction: 70 USDT swapped for €60 cash in minutes, with no questions asked about fund origins. These over-the-counter (OTC) deals, often arranged via Telegram groups, bypass banks and legal oversight. Blockchain analysis revealed one trader’s wallet handled millions in transactions over a year, with a quarter flagged as medium-to-high risk—including ties to frozen or sanctioned funds. Traders include locals and foreigners from Russia, Ukraine, and Turkey, who rely on cash exchanges due to banking access barriers. Despite 2025 anti-money laundering amendments requiring KYC checks for transactions over €1,000, enforcement remains absent. Montenegro’s EU-aligned crypto laws are pending, aiming to regulate service providers and enable tax oversight. For now, the gray market thrives, unregistered and unchecked.

marsbit12/10 04:46

"No Questions Asked, Cash Accepted": A Record of Cryptocurrency Street Trading in Montenegro

marsbit12/10 04:46

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