The post Crypto Laundering Crackdown: Sinbad.io Takedown Leads to Major Indictments appeared first on Coinpedia Fintech News
Three Russian citizens have been charged in federal court in the Northern District of Georgia for running Blender.io and Sinbad.io, crypto tumblers. Allegedly, these platforms that help hide the sources of transactions were used by hackers for crypto-currency laundering of money received from ransomware attacks, virtual currency thefts, and other unlawful activities. The accused are …