Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency

Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency

Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more than $7.7 million were seized, and bank accounts holding approximately $10.8 million were frozen. Syndicate Accused of Channeling Illegally Acquired Funds into Malaysia Authorities in Malaysia […]