CryptMixer, a tumbler or crypto-mixing service, says that demand for mixing has risen significantly during the COVID-19 health crisis. Crypto-mixing is a method for covering digital tracks in the transfer of crypto. Blockchain creates an immutable path available for anyone to see thus making privacy… Read More
The Financial Crimes Enforcement Network (FinCEN) has targeted Larry Dean Harmon, of Akron, Ohio, the founder of Helix and Coin Ninja in a first enforcement action targeting a crypto mixer. In a release, FinCEN said Harmon and his operations were assessed a $60 million civil… Read More
A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More
Gal Vallerius, a dual French-Israeli citizen from the Brittany region of France, was sentenced to 20 years in prison earlier this month after pleading guilty to, “conspiracy to possess with the intent to distribute controlled substances and conspiracy to launder money,” court documents indicate. Mr Vallerius,… Read More
Equity crowdfunding site RockThePost has just announced a critical new hire to their growing team. Drew Butler, previously from Tumbler, is their new Chief Technical Officer (CTO). Drew commented on his new position, As a firm believer in the power of crowds, whether in the… Read More
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