Money Laundering

The U.K.'s Financial Conduct Authority (FCA) has stated that crypto ATMs operating in the country are illegal due to money laundering regulations. “The Hash” hosts examine how this might affect crypto usage, noting the privacy benefits of bitcoin ATMs and the possible impact on Ukrainian refugees who are fleeing their country with their savings in cryptocurrency assets.

Mar 11, 2022

Phil Potter, former Bitfinex Chief Strategy Officer, joins “All About Bitcoin” to reflect on the 2016 Bitfinex hack as Ilya Lichtenstein and Heather Morgan are set to be arraigned in court tomorrow on money-laundering charges. Potter remembers the hack “like it was yesterday” and explains BitGo’s relationship with the exchange at the time.

Feb 23, 2022

Canada invoked the Emergencies Act for the first time since it was passed in 1988 to quell the ongoing trucker protests. Abby Deshman, Director of Criminal Justice for the Canadian Civil Liberties Association, says this "absolutely" sets a dangerous precedent in Canada because the Act gives "extraordinary power to the government ... especially the executive branch." Plus, she discusses the due processes involved in the expansion of money-laundering laws.

Feb 15, 2022

Canadian Prime Minister Justin Trudeau invoked the Emergencies Act to address the continued protests across the country over COVID-19 measures. The move includes an expansion of money-laundering laws to include crypto transactions, adding that banks can immediately freeze or suspend bank accounts. "The Hash" resident Canadian co-host Jenn Sanasie says the government going after people's funds at this polarizing time is "very, very scary," especially as it hits close to home. The crew dissects this controversial measure on "The Hash."

Feb 15, 2022

A federal judge has ordered Heather Morgan, one half of the couple accused of laundering 119,754 bitcoins (worth over $5 billion in today’s prices) of a 2016 Bitfinex hack, to remain in federal custody until trial. CoinDesk's Nikhilesh De discusses the latest development in the ongoing Bitfinex saga. Plus, what to expect from the upcoming Senate Banking Committee hearing on stablecoins.

Feb 15, 2022

Policy

Слухання щодо перегляду питання про звільнення під заставу в понеділок скасувало рішення магістрату Нью-Йорка, ухвалене минулого тижня, принаймні щодо ONE підозрюваного.

By Cheyenne LigonFeb 14, 2022

The Washington D.C. court convenes today for a hearing with Ilya Lichtenstein and Heather Morgan, two suspects arrested on allegations they conspired to launder $3.6 billion in bitcoin from the 2016 hack of crypto exchange Bitfinex. CoinDesk's Nikhilesh De discusses the details released so far and the possible outcomes. Plus, stablecoin hearings continue.

Feb 14, 2022

Heather Morgan and Ilya Lichtenstein's OpenSea accounts have disappeared, according to BuzzFeed News. The couple was arrested by the Department of Justice (DOJ) Tuesday on allegations they laundered $4.5 billion in stolen bitcoin during a 2016 hack of crypto exchange Bitfinex. "The Hash" team discusses the latest in an ongoing saga, exploring the intersection of NFTs and money laundering.

Feb 10, 2022

A Washington judge stopped a decision to grant bail to Ilya “Dutch” Lichtenstein and Heather Morgan, two people charged with conspiring to launder $4.5 billion (120,000 BTC) stolen in a 2016 hack of crypto exchange Bitfinex. “The Hash” panel discusses the latest in what “might be the story of the year.”

Feb 9, 2022

A federal judge has halted the release of Ilya Lichtenstein and Heather Morgan, two individuals suspected of conspiring to launder $4.5 billion from the 2016 hack of crypto exchange Bitfinex. This comes as U.S. officials seized 94,000 BTC, worth over $3.6 billion tied to the hack. CoinDesk's Nikhilesh De discusses the latest in the Department of Justice's largest financial seizure ever.

Feb 9, 2022