Tagged: crypto crime

Chinese Authorities in Guangdong Province Freeze 4,000 Banks Allegedly Linked to OTC Cryptocurrency Desks Engaging in Money Laundering

Authorities in China’s Guangdong province have reportedly frozen around 4,000 bank accounts which might be linked to money laundering operations through Bitcoin (BTC) and other cryptocurrencies. Local sources said that Guangdong police officials have identified bank accounts that allegedly belong to virtual currency over-the-counter (OTC)… Read More

$5 Million Santander Bank Robbery Thwarted in Brazil, as Perpetrators Caught Trying to Convert Funds to Bitcoin

A potential $5 million online heist in Brazil had attempted to target Spanish financial giant, Banco Santander, however, it was reportedly stopped after the money was seized from local over-the-counter (OTC) digital currency exchanges. The alleged thieves had tried to convert the stolen money into… Read More

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