A UK court has ordered two money launderers to repay £23 million after exploiting vulnerabilities in a cryptocurrency exchange. The pair funneled illicit funds through a loophole, bypassing compliance measures. Authorities uncovered their scheme during an extensive investigation into crypto-based financial crimes. The court's decision highlights ongoing efforts to address regulatory gaps in the cryptocurrency sector, emphasizing the need for stronger oversight to prevent misuse. The £23 million recovery marks a significant step in combating financial crime, serving as a warning to those seeking to exploit digital currencies for illegal activities. Further enforcement measures are anticipated in the sector.
LIVE
Mkt Cap $2.30T
BTC Dom 56.77 %
BTC
$64,963.00
▲ +1.20%
ETH
$1,916.49
▲ +1.00%
USDT
$0.999529
▲ +0.00%
BNB
$593.04
▲ +1.00%
USDC
$0.999728
▲ +0.00%
XRP
$1.03
▲ +1.10%
SOL
$74.61
▲ +2.60%
TRX
$0.327475
▲ +0.10%
FIGR_HELOC
$1.01
▼ -1.20%
HYPE
$54.42
▼ -1.50%
DOGE
$0.070194
▲ +1.70%
USDS
$0.999906
▲ +0.00%
RAIN
$0.01271
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$507.11
▲ +0.50%
ADA
$0.20068
▲ +0.40%
XMR
$380.53
▲ +3.10%
WBT
$56.19
▲ +1.10%
LINK
$8.26
▲ +1.40%
XLM
$0.162714
▲ +1.60%
DAI
$0.999808
▲ +0.00%
BCH
$216.23
▲ +1.30%
USD1
$0.999963
▲ +0.00%
USDE
$0.999724
▲ +0.00%
GRAM
$1.35
▲ +1.50%
Mkt Cap $2.30T
BTC Dom 56.77 %
BTC
$64,963.00
▲ +1.20%
ETH
$1,916.49
▲ +1.00%
USDT
$0.999529
▲ +0.00%
BNB
$593.04
▲ +1.00%
USDC
$0.999728
▲ +0.00%
XRP
$1.03
▲ +1.10%
SOL
$74.61
▲ +2.60%
TRX
$0.327475
▲ +0.10%
FIGR_HELOC
$1.01
▼ -1.20%
HYPE
$54.42
▼ -1.50%
DOGE
$0.070194
▲ +1.70%
USDS
$0.999906
▲ +0.00%
RAIN
$0.01271
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$507.11
▲ +0.50%
ADA
$0.20068
▲ +0.40%
XMR
$380.53
▲ +3.10%
WBT
$56.19
▲ +1.10%
LINK
$8.26
▲ +1.40%
XLM
$0.162714
▲ +1.60%
DAI
$0.999808
▲ +0.00%
BCH
$216.23
▲ +1.30%
USD1
$0.999963
▲ +0.00%
USDE
$0.999724
▲ +0.00%
GRAM
$1.35
▲ +1.50%
BTC
$64,963.00
▲ +1.20%
ETH
$1,916.49
▲ +1.00%
USDT
$0.999529
▲ +0.00%
BNB
$593.04
▲ +1.00%
USDC
$0.999728
▲ +0.00%
XRP
$1.03
▲ +1.10%
SOL
$74.61
▲ +2.60%
TRX
$0.327475
▲ +0.10%
FIGR_HELOC
$1.01
▼ -1.20%
HYPE
$54.42
▼ -1.50%
DOGE
$0.070194
▲ +1.70%
USDS
$0.999906
▲ +0.00%
RAIN
$0.01271
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$507.11
▲ +0.50%
ADA
$0.20068
▲ +0.40%
XMR
$380.53
▲ +3.10%
WBT
$56.19
▲ +1.10%
LINK
$8.26
▲ +1.40%
XLM
$0.162714
▲ +1.60%
DAI
$0.999808
▲ +0.00%
BCH
$216.23
▲ +1.30%
USD1
$0.999963
▲ +0.00%
USDE
$0.999724
▲ +0.00%
GRAM
$1.35
▲ +1.50%
Mkt Cap $2.30T
BTC Dom 56.77 %
BTC
$64,963.00
▲ +1.20%
ETH
$1,916.49
▲ +1.00%
USDT
$0.999529
▲ +0.00%
BNB
$593.04
▲ +1.00%
USDC
$0.999728
▲ +0.00%
XRP
$1.03
▲ +1.10%
SOL
$74.61
▲ +2.60%
TRX
$0.327475
▲ +0.10%
FIGR_HELOC
$1.01
▼ -1.20%
HYPE
$54.42
▼ -1.50%
DOGE
$0.070194
▲ +1.70%
USDS
$0.999906
▲ +0.00%
RAIN
$0.01271
▲ +1.30%
LEO
$9.71
▼ -0.50%
ZEC
$507.11
▲ +0.50%
ADA
$0.20068
▲ +0.40%
XMR
$380.53
▲ +3.10%
WBT
$56.19
▲ +1.10%
LINK
$8.26
▲ +1.40%
XLM
$0.162714
▲ +1.60%
DAI
$0.999808
▲ +0.00%
BCH
$216.23
▲ +1.30%
USD1
$0.999963
▲ +0.00%
USDE
$0.999724
▲ +0.00%
GRAM
$1.35
▲ +1.50%
