Topic Archive

#illicit finance

5 Stories Found

Coins•Nov 10, 2026

Binance Restricts MEXC Transfers Following $16B Illicit Finance Allegations

Key Highlights: The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) accused MEXC Global of facilitating $16 billion in illicit transactions linked to Iran, Russia, North Korea, and cybercrime networks. Major cryptocurrency exchanges, including Binance and OKX, have tightened controls on deposits associated with MEXC Global and its related corporate affiliates. FinCEN’s regulatory measure, enacted under ...

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Coins•Nov 2, 2026

China’s Communist Party Calls for Crackdown on Crypto and Blockchain Corruption

Key Highlights The Chinese Communist Party’s Central Committee has officially called for a targeted crackdown on corruption conducted via virtual currency and blockchain technology. Adopted during the Fifth Plenary Session of the 20th Central Committee and published by Xinhua, the directive forms part of Beijing’s broader campaign for “full and rigorous Party self-governance”. The high-level ...

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Coins•Oct 23, 2026

UAE-Led Scam Crackdown Uncovers Over $39 Billion in Funds and Crypto

Key Highlights: A 30-country cross-border initiative named Operation Confrontation Ghost uncovered over 15,500 victims, more than 3,500 suspects, and raided 29 centers tied to international fraud rings. Major global private-sector firms—including Crypto.com, Meta, TikTok, Mastercard, Huawei, and Group-IB—collaborated with public authorities, sharing more than 9,000 pieces of intelligence. Law enforcement disrupted illicit infrastructure by dismantling ...

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Coins•Oct 8, 2026

Top Senate Investigator Probes Ties Between Cantor Fitzgerald and Tether

Key Highlights Senator Richard Blumenthal has pressed Wall Street brokerage Cantor Fitzgerald over its custody relationship with stablecoin issuer Tether. Lawmakers are demanding information regarding Cantor Fitzgerald’s measures to probe allegations of illicit finance, Russia sanctions evasion, and Iranian shadow banking links involving Tether’s tokens. Shifting political winds in predictive markets show rising odds of ...

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Coins•Oct 5, 2026

Japan’s Ministry of Foreign Affairs Imposes Asset Freeze on Garantex

Key Highlights: Japan has enforced targeted sanctions against Russian cryptocurrency exchange Garantex under the Foreign Exchange and Foreign Trade Act, freezing assets and requiring permits for payments and financial arrangements. Despite previous international crackdowns and domain seizures by the U.S. Secret Service, Garantex processed more than $96 billion overall, including over $60 billion after initial ...

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