The Australian authorities accused four individuals after a 18 -month investigation in the Australian encryption process of 18 months (123 million dollars), which is claimed to pass through a cash security company.
Australian Federal Police He said They have frozen about $ 13.6 million of suspected criminal assets throughout the states of Queensland and New South Wales.
Quezland, which includes 70 federal agencies and government agencies, began the investigation in December 2023.
Transaction paths from one of the suspects, who has allegedly washed $ 9.5 million over a period of 15 months, led to the investigators to unveil a convincing sophisticated washing scheme as a legitimate commercial activity.
The Security Company accuses of mixing clean business profits with the illegal money deposited by suspect criminals, then the money is transferred through a sales promotion company, a classic car agent and cryptocurrency exchanges.
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Then the money washed to the beneficiaries was distributed either in the cryptocurrency or through those front companies.
Crypto enables and battles money laundering
While Blockchain technology provides the ability to update financial systems, its open and decentralized nature makes it attractive to criminals. It can serve as a double -edged sword in fighting financial crimes.
According to Blockchain forensic specialist seriesMore than $ 100 billion of encryption is flowing from illegal portfolios to transfer services between 2019 and mid -2014.
Internet criminals have become increasingly skill in using mixers, Defi protocols, and crosses to hide and discover their transactions. Despite these efforts, the Blockchain transparency remains a powerful tool for law enforcement to track illegal flows.
Crypting is digital money, but it has real effects
In recent months, there have been increasing cases of crime related to encryption in the material world. Criminals are increasingly turning into violence and intimidation to obtain or protect digital assets.
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Moroccan police recently arrested Badis Mohamed Amid Baggio, 24, suspected of coordinating a series of Hip -coding kidnappingsIncluding a A failed attempt to kidnap a daughter and a grandson Paymium Pierre noizat in Paris.
In another prominent case, the co -founder of David David Balind was kidnapped from his home in central France in January The police saved him.
After an increase in material threats, the so-called “Bitcoin family”-a Dutch Bedouin family that liquidated all assets in 2017 to completely live in Bitcoin- Renew their personal security By dividing the phrase seeds across four continents and encrypting them with dedicated protection.
magazine: The exploitation of the Lazarus Group group – Hacks Crypto Analysis
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