• money laundering
    Cryptocurrencies,  Europe,  United States

    US sues BTC-e exchange owner Alexander Vinnik for $100 million

    The FinCEN lawsuit comes in addition to criminal charges alleging money laundering for drugs and cryptocurrency exchange hackers

    Alleging violations of the Bank Secrecy Act, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) filed a civil suit against BTC-e founder Alexander Vinnik on July 25, seeking to recover more than $88 million in customer funds from the exchange and $12 million in from Vinnik personally.

  • TFW the company you're doing business with gets involved with human rights abusers (via Shutterstock).

    Coinbase parts ways with controversial Neutrino founders

    The blockchain surveillance and compliance firm’s founders were part of the infamous spyware company Hacking Team

    Less than two weeks after announcing its acquisition of blockchain surveillance and compliance firm Neutrino, leading cryptocurrency exchange Coinbase has parted ways with the firm’s controversial founders.