Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (194863)	12/22/2022 7:34:51 PM
From: maceng2	Respond to of 217749

<<$4.7 million is what A hundredth of 1% of Binance trades?>> Probably about that. I suspect some bad actors are not too happy with crypto right now. They can be traced.... no matter who they are. "The DEA found one culprit, Carlos Fong Echavarria, who later pleaded guilty the charges that included money laundering and drug dealing. Binance assisted the agency by tracking Echavarria's trading activity on the blockchain, which totalled $4.7 million. By following on-chain activity, they were able to identify an additional account getting funds from Echavarria, per the warrant. Another account holder, who hasn't been formally charged, allegedly bought nearly $42 million worth of cryptocurrencies, with at least $16 million being from drug money. "This is actually an example of where the transparency of blockchain transactions works against criminal actors," Matthew Price, the senior director of investigations at Binance, told Forbes. "The bad guys are leaving a permanent record of what they're doing." Earlier this year, Binance also helped the DEA in the agency's effort to seize over 100 accounts connected to laundering in Mexico." A global drug cartel used Binance to launder millions, the DEA says. Here's how the world's largest crypto exchange is reportedly working with investigators to track them down. (yahoo.com)