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How a $123M crypto scam in Australia laundered millions through a ‘legit’ business
The discovery is the outcome of an 18-month crypto investigation by Australian authorities. Members of the Australian Federal Police, Queensland Police Service and Australian Criminal Intelligence Commission, along with many other agencies, joined forces to investigate suspicious transactions back in December 2023. The collaborative entity, Queensland Joint Organized Crime Taskforce (QJOCTF), trailed the money flows of a ring member and found out it was part of a large-scale, sophisticated money laundering scheme that involved front businesses and cryptocurrencies. Authorities revealed that a total of $123 million ... (full story)
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