Cryptocurrency exchange

Binance Holdings Ltd (BHL), the world's biggest cryptocurrency exchange, is to pay $4.3 billion for violations of anti-money laundering and sanctions laws in a settlement approved by a U.S. judge on Friday.

A federal prosecutor in New York has decided against pursuing a second trial, this one over corruption and illegal political donations, against former crypto mogul Sam Bankman-Fried.

Lithuania finds itself at the forefront of cryptocurrency expansion within the EU, boasting one of the largest counts of crypto companies. However, this surge has prompted regulators to sound the alarm, citing concerns about potential misuse for money laundering and criminal endeavors, as reported by Latvian public electronic media.

Cryptocurrency backers have celebrated the fraud conviction of the industry's one-time golden boy Sam Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal.

Faruk Fatih Özer, the former head of the crypto exchange platform Thodex, has been handed a sentence of 11,196 years in prison by a Turkish court for a litany of charges, including fraud.

The court also imposed a substantial judicial fine of 135 million Turkish Liras, equivalent to approximately $5 million.

The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt Gox, one of the world's earliest, biggest and most widely publicized alleged bitcoin heists.

The test period begins in October

The total assets allegedly seized by a runaway cryptocurrency exchange platform founder in Turkey amount to around $108 million, according to the Turkish interior minister.

Thodex founder Faruk Fatih Özer fled to Albania after the crypto platform abruptly shut down on April 19, effectively obstructing control of nearly 400,000 customer accounts.

The European Commission has sent legal warnings to Cyprus, Portugal, the Netherlands and five other EU states over their delays in applying new anti-money laundering rules adopted at European Union level two years ago.

RGCoins, a small-scale Bitcoin exchange service based in Bulgaria, is under an investigation. The exchange's founder, Rossen Yossifov, is facing extradition to the US and a trial, as the firm was seen to be instrumental in helping a money-laundering group, reported Bulgarian media.