A sophisticated money laundering operation allegedly worth an astonishing $190 million has reportedly been uncovered, utilizing a complex scheme involving both digital assets and physical cash transportation. Authorities have detailed accusations against several individuals in connection with this massive financial crime.
The alleged scheme involved converting illicit funds into cryptocurrency, moving it through various digital channels, and then cashing it out into physical currency. What makes this case particularly notable is the alleged use of armored trucks to transport the substantial amounts of cash generated from the crypto conversions. This indicates a high level of organization and a deliberate attempt to handle large volumes of physical money securely to avoid detection.
This operation highlights the evolving methods criminals use to launder ill-gotten gains, blending modern financial technologies like cryptocurrency with traditional, high-security methods of cash movement. The investigation led to charges being filed against those purportedly behind the multi-faceted laundering network, emphasizing the global effort to combat such complex financial crimes. The scale of $190 million underscores the significant financial impact of these illicit activities.
Source: https://go.theregister.com/feed/www.theregister.com/2025/06/16/asia_tech_news_roundup/
