Binance executives Tigran Gambaryan and Nadeem Anjarwalla were excluded from the tax evasion case but remain included in the money-laundering charges. Gambaryan, the only present defendant, is reportedly being held in difficult conditions.
The DOJ has been cracking down on crypto-related money laundering schemes, evidenced by multiple recent arrests. However, Chainalysis data indicates a significant decline in crypto laundering since 2022.
Cryptocurrency's use in gambling continues to expand globally, but multiple countries, including Singapore, have been pushing back against its use in casinos over fraud risks.
Cryptocurrency's use in gambling continues to expand globally, but multiple countries, including Singapore, have been pushing back against its use in casinos over fraud risks.
Binance executives Tigran Gambaryan and Nadeem Anjarwalla were excluded from the tax evasion case but remain included in the money-laundering charges. Gambaryan, the only present defendant, is reportedly being held in difficult conditions.
The DOJ has been cracking down on crypto-related money laundering schemes, evidenced by multiple recent arrests. However, Chainalysis data indicates a significant decline in crypto laundering since 2022.
Elliptic argues that AI-based analytics — when combined with the transparency of blockchains — mean cryptocurrencies are "far from being a haven for criminals."
After pleading guilty to money laundering last November, former Binance CEO and founder is heading to prison. Thanks to cooperation with authorities and an exceptionally good profile built by the defense, the sentence, however, is much lighter than requested by prosecutors.
Binance, the world's largest crypto exchange, is being investigated in France for alleged money laundering, just one year after receiving regulatory approval in the country.
