Bloomberg: four scam cryptocurrency exchanges are operating in “Moscow City”
They are suspected of money laundering, the agency's interlocutors say
![Bloomberg: four scam cryptocurrency exchanges are operating in “Moscow City”](https://storage.getblock.net/source/1/9lVnedwzDfM7JvGYdad2aGbh4tXtCDX4.png)
05.11.2021 - 09:35
603
1 min
0
What's new? The “Vostok” Tower of “Moscow City” complex is home to “gray” cryptocurrency exchanges such as Suex, EggChange, Buy-bitcoin.pro, and CashBank. This conclusion was reached by the Bloomberg agency, which refers to its own sources.
Material on the Bloomberg website
What did the agency find out? The agency’s interlocutors claim that at least four of the aforementioned companies have been located in the tower for the past three years. According to sources, they have been involved in money laundering obtained through digital extortion since 2011. In total, they may have laundered about $1,6 billion.
What is known about the companies? A representative of the Binance cryptocurrency exchange stated in a commentary to Bloomberg that the platform blocked accounts that had been receiving “illegal transfers” from, presumably, EggChange and CashBank. The analytical company Chainalysis also found out that EggChange is under investigation by US and EU regulators on suspicion of money laundering.
What had happened before? At the end of September, the US Department of the Treasury imposed sanctions against Suex. The institution categorized the company as possible terrorist financing and drug trafficking one, and also blocked Suex's property in the United States, and banned its citizens from any operations on the platform.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024