The post Suspect Arrested In The Netherlands For Laundering Funds appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Recently, a 39-year-old man was arrested in the Netherlands as he was suspected of laundering funds stolen by using malicious software connected to Electrum, a crypto wallet service. After the arrest, he was kept in Veenendaal, approximately 35 miles Southeast of Amsterdam, and his crypto assets have been seized. The police stated that the suspect has laundered millions of euros and tried to cover his tracks using privacy coin monero (XMR) and decentralized exchanges. The European Union has passed new measures to deal with money laundering, making it difficult to stay anonymous if crypto is used. 

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