Crypto Money Laundering Probe
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Probe Agency Raids In Gujarat, Maharashtra In Rs 100 Crore Fraud Case
The Enforcement Directorate raids in Surat and Ahmedabad in Gujarat and in Mumbai in Rs 100 crore cyber fraud case. Accused was involved in fake USDT trading (crypto currency), digital arrests, threatening innocent individuals.
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Luxembourg Labels Crypto Firms as High-Risk Entities for Money LaunderingÂ
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
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US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
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ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
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French Investigators Open Fraud Probe Against Crypto Platform Binance
French authorities have launched a judicial investigation into Binance for money laundering, tax fraud, and other charges. Binance, the world's largest cryptocurrency exchange, denies the allegations. The Paris public prosecutor's office's economic and financial crime section (JUNALCO) stated the probe involves money laundering related to drug traf...
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Probe Agency Seizes Rs 90 Crore Kept In Crypto Wallets In 'E-Nugget' Gaming App 'Scam'
The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app "s
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Changpeng Zhao: 5 Points On Binance Founder Who Resigned Over Money Laundering Probe
Binance CEO Changpeng Zhao resigned from the company and pleaded guilty to breaking anti-money laundering laws of the United States as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange
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Binance's Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details
Binance's proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital has been opposed by the US Securities and Exchange Commission (SEC), according to bankruptcy court filings. The regulator said the purchase agreement lacks details on the crypto exchange's ability to close the deal, asking for more ...
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CoinSwitch Kuber CEO Ashish Singhal Says EDs Raids Weren't About Money Laundering Probe
CoinSwitch co-founder and CEO Ashish Singhal released a statement on Saturday, declaring that the exchange was cooperating with the Enforcement Directorate and that the searches were not related to money laundering.
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ED's WazirX Probe, Public Spat Among Promoters Said to Reveal 'Dark Side of Crypto'
WazirX, which is facing a probe from the Enforcement Directorate (ED) into alleged money laundering, recently witnessed a disagreement between its promoters. The episode has revealed 'darker side' of cryptocurrencies, a top government source told PTI on Thursday. The ED is currently investigating allegations of money laundering against the crypto e...
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ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
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Ukraine Confiscates $3 Million Worth of Items From Crypto Traders Accused of Laundering Russian Funds
Ukraine has allegedly busted a bunch of crypto traders, accusing them of funnelling Russian assets as cryptocurrencies. These assets include cash, silver, apartments, and plots of lands among other things. The unnamed crypto traders in question now face criminal proceedings in Ukraine.
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Indian Crypto Exchanges Under ED Scanner for Probe on Money Laundering, Foreign Exchange Violations
CoinDCX, WazirX, and CoinSwitch Kuber have been served notices by the Directorate of Enforcement (ED), India’s financial watchdog over cases of money laundering and violating foreign exchange laws. All the named exchanges have vouched cooperation in whatever investigation follows.
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Crypto Ponzi Scheme Busted in Kerala, Investors Allegedly Robbed of Rs. 1,200 Crore
Enforcement Directorate (ED) on Tuesday said it has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore in lieu of providing crypto currency to them.
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Man Arrested In Rs 1,200-Crore Crypto Fraud Case, 900 Investors Duped
The Enforcement Directorate has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore
-
Probe Agency Raids In Gujarat, Maharashtra In Rs 100 Crore Fraud Case
The Enforcement Directorate raids in Surat and Ahmedabad in Gujarat and in Mumbai in Rs 100 crore cyber fraud case. Accused was involved in fake USDT trading (crypto currency), digital arrests, threatening innocent individuals.
-
Luxembourg Labels Crypto Firms as High-Risk Entities for Money LaunderingÂ
Luxembourg, in its 2025 National Risk Assessment (NRA) report, the country said that crypto companies are at a high risk of being exploited by money launderers. The report also highlighted that human traffickers and migrant smugglers in the region are heavily relying on cryptocurrencies to accumulate, hold, and transfer illicit earnings.
-
US Department of Justice Reportedly Shuts National Cryptocurrency Enforcement Team
The US DoJ has reportedly disbanded the "National Cryptocurrency Enforcement Team". The members of the unit were informed about the development through an internal memo. The NCET included prosecutors with backgrounds in cryptocurrency, cybercrime, money laundering, and forfeiture.
-
ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
-
French Investigators Open Fraud Probe Against Crypto Platform Binance
French authorities have launched a judicial investigation into Binance for money laundering, tax fraud, and other charges. Binance, the world's largest cryptocurrency exchange, denies the allegations. The Paris public prosecutor's office's economic and financial crime section (JUNALCO) stated the probe involves money laundering related to drug traf...
-
Probe Agency Seizes Rs 90 Crore Kept In Crypto Wallets In 'E-Nugget' Gaming App 'Scam'
The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app "s
-
Changpeng Zhao: 5 Points On Binance Founder Who Resigned Over Money Laundering Probe
Binance CEO Changpeng Zhao resigned from the company and pleaded guilty to breaking anti-money laundering laws of the United States as part of a $4.3 billion settlement resolving a years-long probe into the world's largest crypto exchange
-
Binance's Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details
Binance's proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital has been opposed by the US Securities and Exchange Commission (SEC), according to bankruptcy court filings. The regulator said the purchase agreement lacks details on the crypto exchange's ability to close the deal, asking for more ...
-
CoinSwitch Kuber CEO Ashish Singhal Says EDs Raids Weren't About Money Laundering Probe
CoinSwitch co-founder and CEO Ashish Singhal released a statement on Saturday, declaring that the exchange was cooperating with the Enforcement Directorate and that the searches were not related to money laundering.
-
ED's WazirX Probe, Public Spat Among Promoters Said to Reveal 'Dark Side of Crypto'
WazirX, which is facing a probe from the Enforcement Directorate (ED) into alleged money laundering, recently witnessed a disagreement between its promoters. The episode has revealed 'darker side' of cryptocurrencies, a top government source told PTI on Thursday. The ED is currently investigating allegations of money laundering against the crypto e...
-
ED Probing WazirX in 2 Cases, Transactions With Binance 'Cloaked in Mystery', Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. "...Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not e...
-
Ukraine Confiscates $3 Million Worth of Items From Crypto Traders Accused of Laundering Russian Funds
Ukraine has allegedly busted a bunch of crypto traders, accusing them of funnelling Russian assets as cryptocurrencies. These assets include cash, silver, apartments, and plots of lands among other things. The unnamed crypto traders in question now face criminal proceedings in Ukraine.
-
Indian Crypto Exchanges Under ED Scanner for Probe on Money Laundering, Foreign Exchange Violations
CoinDCX, WazirX, and CoinSwitch Kuber have been served notices by the Directorate of Enforcement (ED), India’s financial watchdog over cases of money laundering and violating foreign exchange laws. All the named exchanges have vouched cooperation in whatever investigation follows.
-
Crypto Ponzi Scheme Busted in Kerala, Investors Allegedly Robbed of Rs. 1,200 Crore
Enforcement Directorate (ED) on Tuesday said it has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore in lieu of providing crypto currency to them.
-
Man Arrested In Rs 1,200-Crore Crypto Fraud Case, 900 Investors Duped
The Enforcement Directorate has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore
