Binance co-founder Changpeng Zhao has received a pardon from President Donald Trump after he went to jail for failing to safeguard the world’s largest crypto exchange against money laundering https://t.co/dpQnCmiwBu ...

Canada's Cryptomus exchange hit with record 177 million CAD fine for money-laundering failures https://t.co/86u8DgWFHz ...

An unprecedented order by the US Treasury to cut off three Mexican financial firms for allegedly helping drug cartels launder funds takes effect Monday. But its impact has already swept through the country’s banking industry https://t.co/UTbERjhusS ...

Thai and Singapore authorities are looking into a Cambodian real estate group after the US and the UK imposed sanctions on the company’s chairman on allegations of fraud and money laundering https://t.co/aNAgnf4OBL ...

Core Insights - A dormant Bitcoin wallet transferred approximately 6,500 BTC, valued at $694 million, on October 17, linked to Alexander Bilyuchenko, an alleged co-founder of the defunct BTC-e exchange [1][3][5] Group 1: Transaction Details - The transaction occurred at 16:34 UTC, moving funds from the primary wallet to two unidentified addresses, with the original wallet receiving the Bitcoin on November 23, 2022 [2] - The wallet is associated with Bilyuchenko, who is on the US Secret Service's most-wanted list for his involvement with BTC-e, which was shut down in 2017 for facilitating money laundering [3][4] Group 2: Legal and Historical Context - Bilyuchenko is implicated in laundering at least 647,000 Bitcoin from the Mt. Gox hack, with legal actions leading to the arrest of his partner, Alexander Vinnik, in 2017 [4] - The recent fund movement follows Vinnik's release from US custody in February 2025, indicating a pattern of activity related to significant developments involving BTC-e's former operators [5] Group 3: Market Implications - The $694 million transfer occurs amid a turbulent digital asset market, with Bitcoin prices dropping to the $105,000 level and over $1 billion in crypto positions liquidated in the last 24 hours [7] - This liquidation has intensified selling pressure, confirming a bearish trend in the market, with negative sentiment reflected in technical indicators across various time frames [8]

Crypto Seizure & Law Enforcement - U S Government seized approximately 127,000 BTC, valued at over $15 billion, linked to Chen Zhi [1] - The seizure represents the largest crypto forfeiture to date, highlighting blockchain's role in aiding law enforcement [1] - Authorities traced blockchain transactions and exploited key generation weaknesses to recover the assets [1] Criminal Activity & Money Laundering - Chen Zhi, leader of Cambodia's Prince Group, is responsible for large-scale crypto scams [1] - Stolen funds were laundered through Bitcoin mining, specifically the Lubian pool [1]

🇫🇷 NEW: France’s ACPR is tightening money-laundering checks on crypto exchanges as part of its MiCA vetting process.Binance and Coinhouse are among the firms under review, per BBG. https://t.co/uPc2ADqBr1 ...

Regulatory Scrutiny - France's ACPR is strengthening anti-money laundering (AML) controls on cryptocurrency exchanges as part of its Markets in Crypto-Assets (MiCA) vetting process [1] - Binance and Coinhouse are among the cryptocurrency firms currently under review by French regulators [1]

Regulatory Scrutiny - French authorities initiate money-laundering checks on Binance and other crypto firms [1] Cryptocurrency Industry - The investigation may impact the operations and reputation of Binance and other crypto firms [1]

UBS is increasing scrutiny of the sources of client money in its fast-growing Asian wealth hubs after a 2023 money-laundering scandal in Singapore https://t.co/MNiVZLYI4Y ...