Bitcoinist
2024-04-19 00:00:37

Crypto-Linked Money-Laundering Scheme Worth $230M Uncovered In Hong Kong

According to a South China Morning Post report, Hong Kong customs officers have apprehended three individuals in connection with a massive HK$1.8 billion ($228 million) money-laundering operation that exploited a crypto platform and bank accounts associated with shell companies. The arrests were made following an investigation into suspicious activities involving “abnormally frequent” and large transactions

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