“Under Guan’s management, members of the team and others used cryptocurrency to knowingly purchase tens of millions of dollars in crime proceeds, including proceeds of fraudulently obtained unemployment insurance benefits, that had been loaded onto tens of thousands of prepaid debit cards,” DoJ said.
Related posts
-
White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto
The White House has rehired Carole House, who helped... -
Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as an approved payment method... -
Coinbase Gets Flipped by Bybit As World’s Second Largest Crypto Exchange, According to Analytics Firm Kaiko
Crypto exchange Coinbase has been surpassed in volume by Bybit since October, according to analytics firm...