The Judge has Granted QuadrigaCX a 45-day Extension to Find the Missing $140,000,000

The Judge has Granted QuadrigaCX a 45-day Extension to Find the Missing $140,000,000

Representatives of QuadrgaCX, the now-defunct Canadian crypto exchange which is engaged in a legal battle to gain bankruptcy protection have been granted a 45-day extension to the deadline which was set for them to find the $140 million in crypto, which they say is on cold storage wallets which have gone missing. The case has … Continue reading The Judge has Granted QuadrigaCX a 45-day Extension to Find the Missing $140,000,000

Money Laundering Far More Common Among Banks Than Cryptocurrency Platforms, Banks Launder $2 Trillion A Year

Money Laundering Far More Common Among Banks Than Cryptocurrency Platforms, Banks Launder $2 Trillion A Year

Cryptocurrency skeptics oftentimes refer to virtual currencies as ”only used by criminals to launder money.” Although such statements are severely misguided, this misconception is nonetheless quite common. Bloomberg says money laundering activities register $2 trillion a year Now, however, a recent report from Bloomberg now makes it plain for anyone to see that traditional banks … Continue reading Money Laundering Far More Common Among Banks Than Cryptocurrency Platforms, Banks Launder $2 Trillion A Year

Criminals are Using Fortnite to Launder Funds

Criminals are Using Fortnite to Launder Funds

There are few video games around the world that can boast the following that Fortnite offers. The game now has over 200 million users and counting. Fortnite, which falls into the “freemium” category of gaming, brought in over $3 billion for its developer, Epic Games, in 2018 alone. However, there are reports that the creators … Continue reading Criminals are Using Fortnite to Launder Funds

Wife of Norway’s 172nd Richest Man Kidnapped, Ransom to Be Paid in Monero

Wife of Norway’s 172nd Richest Man Kidnapped, Ransom to Be Paid in Monero

Cryptocurrencies are sometimes erroneously said to ”only be used by criminals”. Although this is demonstrably false, cryptocurrencies are sometimes linked to crime - just like all currencies are. Now it seems as if a mysterious suspected kidnapping in Norway has just taken an unexpected cryptocurrency-related turn. Anne-Elisabeth has been missing since October 31 The 68-year … Continue reading Wife of Norway’s 172nd Richest Man Kidnapped, Ransom to Be Paid in Monero