From Cointelegraph
June 09, 2025 09:14:00 AM:

Four individuals in Australia face charges after a $123 million crypto laundering operation was uncovered. Authorities froze $13.6 million in assets and seized 17 properties, vehicles, and bank accounts. The operation used a security company to launder criminal proceeds into cryptocurrency.

One suspect allegedly laundered $9.5 million over 15 months in a complex scheme involving a security company, a car dealership, and crypto exchanges. Despite efforts to obscure transactions, blockchain’s transparency aids law enforcement in tracing illicit flows worth over $100 billion.

Increasing instances of crypto-related crime involve violence and intimidation. Moroccan police arrested a suspect linked to crypto kidnappings, including a failed attempt targeting a crypto exchange CEO’s family. Ledger co-founder David Balland was kidnapped and held hostage, highlighting the risks associated with digital assets.

Read more at Cointelegraph: Aussie Crypto Laundering Ring Busted Masquerading as Security Firm