INSUBCONTINENT EXCLUSIVE:
revenue stemmed from illicit transactions allegedly tied to the North Korean Lazarus Group.The allegation came in response to an earlier
Source: ZachXBTRelated: Hong Kong to develop crypto tracking tool for money launderingLaundering via centralized liquidityZachXBT further
alleged that that a single actor continuously topped up cbBTC liquidity from Coinbase, effectively fueling illicit flows while Garden
response, Garden Finance founder Jaz Gulati denied the allegations, pointing out that 30 BTC in fees were collected prior to the Bybit
swaps within 30 seconds while offering zero-custody risk.According to its Dune Analytics dashboard, the project has facilitated over 24,984
BTC in total volume, equivalent to more than $1.5 billion, across 40,571 atomic swaps
The platform has collected 40.11 BTC in fees to date, with its largest single swap reaching 10 BTC.Source: DuneCointelegraph reached out to
AmericansCrypto founder accused of laundering $530MLast week, Iurii Gugnin, the founder of crypto payments firm Evita Pay, was arrested in
He faces 22 federal charges tied to a sprawling money laundering scheme allegedly involving over $530 million.According to the US Department
of Justice, Gugnin facilitated stablecoin transactions that enabled clients connected to sanctioned Russian banks, such as Sberbank and VTB,
to bypass restrictions and gain access to sensitive US technologies.Prosecutors say the operation ran from June 2023 through January 2025
Gugnin is charged with wire fraud, money laundering, and running an unlicensed money transmission business
