Money Laundering

Ronald Spektor, 23, was sentenced to up to 12 years in prison after pleading guilty in a phishing and social engineering scheme that targeted almost 100 Coinbase users. Authorities said victims were pushed to transfer crypto into accounts he controlled, with nearly $16 million in restitution ordered.

Britain’s Financial Conduct Authority has moved against three London locations tied to illegal peer to peer cryptocurrency activity, working alongside tax authorities and the Metropolitan Police. The action comes as firms prepare for the U.K. crypto framework to take full effect on Oct. 25, 2027.

International investigators say Binance’s revised process for many foreign law enforcement requests is slowing efforts to trace scammers, combat money laundering and freeze stolen crypto. The exchange says it has not reduced cooperation and describes the policy as a stronger control framework aligned with regulated institutions.

Former Goliath Ventures CEO Christopher Alexander Delgado has pleaded guilty to fraud and money laundering tied to a $400 million crypto Ponzi scheme. He admitted the scam caused at least $250 million in losses and agreed to forfeit luxury assets ahead of October 8 sentencing.