Reported by CHRISTOPHER TEPEDINO In the post-mortem of the $1.5 billion Bybit hack, two blockchain research organizations — Nansen and Chainalysis — have revealed the Lazarus Group’s money laundering strategy, which includes swapping illiquid assets for liquid assets, creating a complex money trail, and letting certain wallets sit dormant to let scrutiny die down. According to Nansen, […]

Reported by Steve Marshall (Summarized version featured below) Digital payments are expanding rapidly, driven by increasing consumer demand, new payment providers, and the acceleration of instant payment systems. These advancements offer significant benefits but also create new vulnerabilities to financial crime (FinCrime), such as money laundering and sanctions violations. To keep pace, financial institutions (FIs) […]