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>>A $100 million crypto laundering scheme uncovered, involving 81 bank accounts and offshore transfers.

A $100 million crypto laundering scheme uncovered, involving 81 bank accounts and offshore transfers.

crypthub

about 5 hours ago

Scale of the Scheme

Nearly $100 million of investor money was routed through shell companies, offshore accounts and major cryptocurrency exchanges in a broad federal money‑laundering case. The operation highlights red flags and risks that crypto investors must recognize. Its complexity underscores how illicit funds can be hidden within digital asset platforms.

Law Enforcement Response

Federal authorities uncovered the $100 million crypto‑laundering operation as part of a larger crackdown on financial fraud. Ongoing investigations show that cryptocurrency‑related fraud continues to attract federal enforcement action. Regulators are emphasizing vigilance to deter similar schemes.

A $100 million crypto laundering scheme uncovered, involving 81 bank accounts and offshore transfers.

Scale of the Scheme

Law Enforcement Response

A $100 million crypto laundering scheme uncovered, involving 81 bank accounts and offshore transfers.