íàçâàíèå

Hacked Mt. Gox Funds Linked To UK Shell Company As Creditors Await $400mln

Hacked Mt. Gox Funds Linked To UK Shell Company As Creditors Await $400mln
The probe into Mt. Gox has attracted media investigators who allege a UK company was involved in laundering its bitcoins.

Unofficial investigations into money laundering at defunct cryptocurrency exchange Mt. Gox alleged that a UK “shell” company was involved in laundering 650,000 BTC (equal to about $6.9 bln at press time) March 7.

According to an expose by File On 4, a program on the BBC’s news and current affairs radio station Radio 4, the Always Efficient LLP company participated in processing the funds hacked from the Tokyo exchange.

Also the subject of the ongoing official FBI operation, Always Efficient LLP purports to be based in London, yet its address is “shared by several other companies” and is “likely to be a shell,” Duncan Hames from anti-corruption group Transparency International told the broadcaster.

“People laundering money will set up a network of companies to create layers between the original crime and their attempts to then integrate the proceeds of their crime into the economy,” he claimed.

Cointelegraph previously reported on how a Europe-based exchange, BTC-e, became the focus of the Mt. Gox inquiry into the laundered funds.

The exchange has since rebranded, but its alleged former operator Alexander Vinnik remains in custody. Vinnik denies involvement in Mt. Gox.

Meanwhile, trustee and bankruptcy attorney for Mt. Gox Nobuaki Kobayashi has reportedly sold over $400mln in BTC since September 2017 with an eye to crediting customers who lost funds during the hack.

07.03.2018 / 05:39 80
Mt. Gox Trustee Sells $400 Million in Bitcoin, Bitcoin Cash in 6 Months Mt. Gox Trustee Sells $400 Million in
The Tokyo lawyer and trustee for defunct bitcoin exchange Mt. Gox has disclosed the sale over $400 million in Bitcoin and Bitcoin cash since
Missing Bitcoin Billions from Mt Gox Linked to UK Company Missing Bitcoin Billions from Mt Gox
The Mt Gox hack back in 2014 was one of the largest Bitcoin heists in history. Four years ago cryptocurrency was the relatively unknown domain of
US Regulations May Require ICOs to Report Suspicious Investors US Regulations May Require ICOs to
Initial Coin Offerings must comply with laws associated with money laundering and anti-terrorism that require reporting suspicious investors to
New Malaysian Cryptocurrency Regulation Come Into Effect New Malaysian Cryptocurrency Regulation
Last week, Malaysia’s new Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policy guidelines specifically addressing
Gold Trading Giant Goldmoney Enables Cold Storage For Two More Cryptocurrencies Gold Trading Giant Goldmoney Enables
Goldmoney, a global gold-based financial services company, expands its crypto cold storage with two more cryptocurrencies. Goldmoney, the world's
UK Central Bank to Clamp Down on Crypto Money Laundering UK Central Bank to Clamp Down on Crypto
The head of the U.K.'s central bank has said that the institution will step up its efforts to combat the use of cryptocurrencies in illegal financial
Comments (0)
Add a comment
Comment on