Nigerian authorities arraigned Binance executive Tigran Gambaryan before an Abuja High Court on April 8, where the employee denied allegations and applied for bail. The senior Binance U.S. executive pleaded not guilty to money laundering charges before a Nigerian Federal High Court in the country’s capital as the government began its case against the cryptocurrency exchange. Gambaryan’s...
“By no stretch can Mr. Storm be deemed to have conspired to launder funds,” Storm’s attorneys argued in a March 29 filing with the U.S. District Court for the Southern District of New York. Storm’s lawyers claimed that Tornado Cash “became immutable” and made publicly available before being used by the hacker groups sanctioned by the U.S. Department...
The EU has introduced a new directive that outlaws transactions using anonymous, privately managed crypto wallets for any transaction value. A European Parliament representative revealed that the directive received approval from the majority of the EU Parliament’s leadership committee on Thursday. This latest regulation, aimed at combating money laundering, sets limits on cash transactions and bans all anonymous cryptocurrency transactions....
Exploiters who hacked Heco Bridge laundered the stolen assets through the controversial cryptocurrency mixer Tornado Cash. Hackers behind the Heco exploit collectively laundered more than 40,000 Ethereum (ETH) worth $145.7 million, according to PeckShieldAlert. “As of today (22 Mar. 2024, UTC), HECOBridge exploiters – labeled addresses – have transferred ~$40,391.8 ETH (equivalent to ~$145.7m) to TornadoCash within...
PUTRAJAYA: Eight luxury cars valued at about RM6mil has been seized by the Malaysian Anti-Corruption Commission (MACC) in their probe into a syndicate believed to have smuggled tobacco, cigarettes and liquor into the country. It is learnt that the cars belong to several individuals who own companies involved or acted as middlemen who bribed officers of...
Jian Wen faces charges of laundering Bitcoin in a London court as part of an alleged $6 billion investment scam, as her defense claims the scheme’s true mastermind manipulated her. The prosecution alleges Wen, working for her employer, Yadi Zhang, converted Bitcoin to cash via middlemen and purchased a Dubai flat with the funds. At the...
KUALA LUMPUR: The six new money laundering charges faced by Segambut Bersatu division deputy chief Adam Radlan Adam Muhammad at the Shah Alam Sessions Court have been allowed to be transferred to the Sessions Court here. This brings to 12 the number of charges slapped on the businessman – five for soliciting and receiving bribes and...
KUALA LUMPUR: Segambut Bersatu division deputy chief Adam Radlan Adam Muhammad will face another charge at the Shah Alam Sessions Court next week for allegedly using proceeds from unlawful activities. This was disclosed by DPPs Mohamad Fadhly Mohd Zamry and Farah Yasmin Salleh during mention of Adam's pending Jana Wibawa fraud cases before two Sessions Courts...
KUALA LUMPUR: Tasek Gelugor MP Datuk Wan Saiful Wan Jan has claimed trial for all 18 money laundering charges amounting over RM5.59mil. The former Bersatu information chief pleaded not guilty when the charges were read before Sessions Court Judge Suzana Hussin on Wednesday (Oct 25). “I plead not guilty and claim trial,” he said after hearing each...
PETALING JAYA: Tan Sri Muhyiddin Yassin, who was acquitted of four power abuse charges in August, is seeking a discharge not amounting to an acquittal (DNAA) on three counts of money laundering involving RM200mil linked to the Jana Wibawa programme. He has filed an application through law firm Messrs Chetan Jethwani and Co for a DNAA...
