Crime Investigation: Global Drug Cartel Laundered Millions of Dollars Through Binance
Major crypto exchange Binance was reportedly used by a Mexican-based international drug cartel to launder millions of US dollars – and the exchange helped the authorities identify the suspects. Forbes cited an ongoing in...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Forbes cited an ongoing investigation by the US Drug Enforcement Administration (DEA), saying that a gang dealing in methamphetamine and cocaine, which operated across countries and continents - specifically, the US, Mexico, Europe, and Australia - used Binance to launder their drug proceeds....
Read More: Crime Investigation: Global Drug Cartel Laundered Millions of Dollars Through Binance
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Crypto Broker Gets 160 Months In US Drug-Money Laundering Case
TL;DR: A Colombian crypto broker received a 160-month prison sentence in a US laundering and narcotics case, prosecutors announced...
Colombian Police Dismantle $42M Crypto Drug Laundering Ring
The operation involved movements across four different locations to capture “Gallo,” the head of an organization accused of drug t...
Crypto exchange CoinDCX ‘lying’ about $16M hack, say blockchain investigators
On Thursday morning, blockchain investigator “Darcy” flagged suspicious movements totalling $16 million on addresses suspected to...
US Senator Questions Tether Over Reported Payments Linked To Former Crypto Adviser
TL;DR: Senator Richard Blumenthal has demanded records from Tether and consultancy Nxum over reported payments and potential ethic...
Bitcoin Steadies Near $81,700 as Pepe-Led Memecoin Rally Outpaces Majors
Bitcoin recovered to around $81,700 as Pepe jumped 13% and memecoins added 2.9%, with traders eyeing the Fed meeting of 27-28 Octo...
HSBC Brings Hong Kong Dollar Stablecoin To PayMe As Retail Rollout Begins
TL;DR: HSBC has launched its Hong Kong dollar-backed RedCoin for payments through PayMe, with wallet activation set to expand to m...