DeFi Daily News
Monday, June 16, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

US Confiscates Cryptocurrency Domains Linked to $800 Million in Illegal Transactions – Decrypt

Sebastian Sinclair by Sebastian Sinclair
September 26, 2024
in Web 3
0 0
0
US Confiscates Cryptocurrency Domains Linked to 0 Million in Illegal Transactions – Decrypt
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


The U.S. Department of Justice recently made a significant move to combat illicit activities in the cryptocurrency space. They seized domains associated with three crypto exchanges that were allegedly involved in facilitating over $800 million in illegal transactions, as part of a broader crackdown on Russian money laundering operations.

In a coordinated effort involving various agencies like the Treasury Department, Secret Service, and international law enforcement partners, the DOJ unsealed an indictment against Russian national Sergey Ivanov, also known as “Taleon,” who is accused of running money laundering services catering to cybercriminals, including ransomware groups and darknet drug traffickers.

Another Russian national, Timur Shakhmametov, aka “JokerStash,” was indicted for operating Joker’s Stash, one of the largest carding websites in history that sold stolen payment card data. Ivanov allegedly operated crypto exchanges such as UAPS, PinPays, and PM2BTC, processing around $1.15 billion in digital asset transactions.

According to blockchain analysis conducted by authorities, 32% of Bitcoin handled by these exchanges was linked to criminal activities, including fraud amounting to over $158 million and ransomware payments exceeding $8.8 million. The U.S. authorities, in conjunction with the Dutch authorities, seized servers hosting PM2BTC and Cryptex, recovering more than $7 million in cryptocurrency.

Cryptex, another crypto exchange tied to money laundering, facilitated transactions worth $1.4 billion, with 31% associated with criminal conduct. Following court authorization, the U.S. Secret Service seized the domains of UAPS, PM2BTC, and Cryptex, displaying government notices to visitors about the seizures.

Deputy Attorney General Lisa Monaco emphasized the Department’s efforts to disrupt malicious cyber actors and their criminal ecosystem, stating that the two Russian nationals charged allegedly profited millions of dollars from money laundering schemes. Ivanov faces charges related to conspiracy to commit bank fraud and money laundering for providing payment services to illegal websites like Rescator and Joker’s Stash.

The U.S. Treasury sanctioned Ivanov and Cryptex, while the State Department announced rewards of up to $11 million for information leading to the arrest of individuals involved in these activities.

In a surprising turn of events, it was revealed that the total amount alleged to have illicitly passed through these exchanges was much higher than initially reported. This underscores the importance of vigilance in monitoring and regulating the crypto space to prevent abuse and criminal activities.

As we navigate the ever-evolving landscape of digital finance, it is crucial to stay informed about the latest developments in decentralized finance (DeFi). For more trending news articles and insightful analysis on the world of DeFi, be sure to check out the “DeFi Daily News” on http://defi-daily.com.

In conclusion, the recent actions taken by the U.S. Department of Justice against crypto exchanges involved in illegal activities demonstrate a commitment to combating financial crimes in the digital realm. By targeting individuals and entities responsible for facilitating money laundering schemes, authorities are sending a clear message that illicit activities will not be tolerated. It is essential for regulators, law enforcement agencies, and the crypto community to work together to uphold integrity and trust in the rapidly growing cryptocurrency ecosystem.



Source link

Tags: ConfiscatesCryptocurrencyDecryptDomainsillegalLinkedMillionTransactions
ShareTweetShare
Previous Post

Can Ethereum Surpass Bitcoin and Reach a New Weekly High?

Next Post

BREAKING: Hurricane Helene makes landfall in Florida as major category 4 storm | LiveNOW from FOX

Next Post
BREAKING: Hurricane Helene makes landfall in Florida as major category 4 storm | LiveNOW from FOX

BREAKING: Hurricane Helene makes landfall in Florida as major category 4 storm | LiveNOW from FOX

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

July 12, 2024
Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

August 27, 2024
5 Crypto Experts Predict: Bitcoin is About To EXPLODE Just Like Gold!

5 Crypto Experts Predict: Bitcoin is About To EXPLODE Just Like Gold!

May 3, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Proximus Group Partners with Infosys to Explore New Business Opportunities

Proximus Group Partners with Infosys to Explore New Business Opportunities

September 10, 2024
rewrite this title Hudson Pacific Properties: Beware The Perceived Discount (NYSE:HPP)

rewrite this title Hudson Pacific Properties: Beware The Perceived Discount (NYSE:HPP)

May 6, 2025
rewrite this title with good SEO Trump Media Files for Dual Bitcoin-Ether ETF

rewrite this title with good SEO Trump Media Files for Dual Bitcoin-Ether ETF

June 16, 2025
rewrite this title Big Brands Are Issuing Their Own Stablecoins– Is Yours Next? – Finovate

rewrite this title Big Brands Are Issuing Their Own Stablecoins– Is Yours Next? – Finovate

June 16, 2025
rewrite this title 15 Military Discounts for 2025, Online and in Stores – NerdWallet

rewrite this title 15 Military Discounts for 2025, Online and in Stores – NerdWallet

June 16, 2025
rewrite this title Chelsea 2-0 LAFC (17 Jun, 2025) Game Analysis – ESPN (IN)

rewrite this title Chelsea 2-0 LAFC (17 Jun, 2025) Game Analysis – ESPN (IN)

June 16, 2025
rewrite this title ‘AI Godfather’ Warns Superintelligent Machines Could Kill Off Humans With Biowarfare – Decrypt

rewrite this title ‘AI Godfather’ Warns Superintelligent Machines Could Kill Off Humans With Biowarfare – Decrypt

June 16, 2025
rewrite this title Bitcoin Price Rebounds Above 8k on Heightened Institutional Demand: Is It a Dead-Cat-Bounce?

rewrite this title Bitcoin Price Rebounds Above $108k on Heightened Institutional Demand: Is It a Dead-Cat-Bounce?

June 16, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.