A former crypto exchange operator – Alexander Vinnik of BTC-e – pleaded guilty to money laundering conspiracy charges before the court on Friday. 
According to the US Department of Justice (DOJ), Vinnik oversaw BTC-e between 2011 and 2017. During that time, the platform had more than 1 million users, who executed $9 billion worth of transactions as per the <a href="https://www.justice.gov/opa/pr/btc-e-operator-pleads-guilty-money-laundering-conspiracy" target="_blank" rel="noreferrer noopener">court records.</a> 
Officials believe that BTC-e was a haven for criminals. The exchange did not register as a Money service business and did not have an AML system. 
Moreover, cooperation among international law enforcement organizations is also critical for detecting and prosecuting offenders using cryptocurrency. 
While the crypto world evolves, regulators must strike a balance between encouraging innovation and protecting users from financial crimes. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/04/penguiana-soars-in-first-few-hours-of-presale-raising-nearly-290-sol/" target="_blank" rel="noreferrer noopener">Penguiana Meme Coin’s Successful Presale Raises 290 SOL</a> 
</blockquote>

Ex BTC-e Operator Pleads Guilty to Money Laundering

The Crypto Times

2024年5月4日公開の他の記事

NYC Parents Push for Pioneering AI-Focused High School

Opening of $4.7 Trillion Gateway Sparks New Opportunities for Cryptocurrencies: Key Coins and Sym...

Fidelity Reveals $5 Trillion Crypto Potential for Pension Plans: What You Should Know

Microsoft will invest $1.7 billion in Indonesia’s cloud and AI infrastructure

PEPE Coin Defies Market Downturn

More than half of the Fortune 100 uses Apple’s Vision Pro headset

ニュースレターを購読して暗号資産の最新情報を毎日入手！