Israeli Police Arrest Five Over $5 Million Cryptocurrency Money-Laundering Scheme on WhatsApp
Uk Jin
Summary
- Israeli police said they arrested five people on money-laundering charges tied to cryptocurrency transactions worth about $5 million conducted through WhatsApp.
- They are accused of trying to launder money through cryptocurrency transactions worth about 16 million shekels (roughly $5 million).
- Police said they searched the suspects' homes over allegations they provided cryptocurrency trading services without a license and failed to report the transactions to tax authorities, seizing crypto wallets and cash.
Forecast Trend Report by Period
Israeli police have arrested five people on suspicion of laundering money through cryptocurrency transactions worth about $5 million conducted via WhatsApp.
Cointelegraph reported on November 13 that the suspects are accused of attempting to launder money through cryptocurrency transactions worth about 16 million shekels, or roughly $5 million.
Police believe the group provided cryptocurrency trading services without a license and failed to report the related transactions to tax authorities.
Officers searched the suspects' homes and seized crypto wallets, computers and tens of thousands of shekels in cash.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.