Cryptocurrency

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Dramatic illustration of Chinese Telegram-based crypto laundering networks handling $16.1 billion in illicit funds, per Chainalysis report.
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Chinese-language networks laundered $16.1 billion in crypto in 2025

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A new report from blockchain analytics firm Chainalysis reveals that Chinese-language money laundering networks processed $16.1 billion in illicit cryptocurrency funds last year, accounting for about 20% of all known crypto laundering activity. These Telegram-based operations have grown dramatically since 2020, outpacing other laundering channels by thousands of times. The findings highlight the networks' role in facilitating global crime while evading enforcement efforts.

A new report from JPMorgan Private Bank reveals that 89% of surveyed family offices hold no cryptocurrency assets, even amid geopolitical uncertainties. While interest in digital assets remains low, 17% of these wealthy families plan future investments. The findings highlight a cautious approach to volatile hedges like crypto compared to more favored areas such as AI.

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A $500 million investment by a UAE royal family member into a Trump family cryptocurrency company has sparked accusations of corruption and conflicts of interest. The deal, finalized days before Donald Trump's January 2025 inauguration, involved World Liberty Financial and has drawn scrutiny from ethics experts. Critics question whether subsequent US policy decisions favoring the UAE, such as allowing Nvidia AI chip imports, were influenced by the investment.

Andean Medjedovic, a young Canadian accused of stealing millions in cryptocurrency, disappeared after his release from custody in Serbia. Authorities believe he may now be hiding in neighboring Bosnia. The case highlights challenges in tracking digital criminals across borders.

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President Donald Trump has nominated former Federal Reserve governor Kevin Warsh as the next Fed chair, a move that has unsettled cryptocurrency markets. Warsh's history of favoring tighter monetary policy has led to fears of reduced liquidity for risk assets like bitcoin. Despite his skepticism toward bitcoin as money, Warsh has shown support for blockchain innovation and invested in crypto ventures.

State Representative Russell Bedsole has introduced House Bill 303 to regulate cryptocurrency ATMs and protect Alabamians from fraud. The legislation responds to a surge in scams that have cost residents hundreds of thousands of dollars. If enacted, it would impose limits similar to those on traditional bank ATMs.

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Scammers have stolen more than $4.6 million from residents in Wyoming's three largest cities—Cheyenne, Gillette, and Sheridan—primarily via cryptocurrency ATMs, with $3 million lost in Gillette alone. Operating often from abroad, fraudsters target older victims using familiar tactics like impersonating authorities. Law enforcement reports highlight the untraceable nature of these machines, while education campaigns and proposed regulations seek to stem losses.

 

 

 

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