Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency
![](https://128.wpcdnnode.com/cryptoupdates.nl/wp-content/uploads/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvYjczZTEzN2ItYzM3Ny00NmExLWJmNDMtNjViZmFhNDk3YTU1LmpwZw3D3D.jpg)
Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more than $7.7 million were seized, and bank accounts holding approximately $10.8 million were frozen. Syndicate Accused of Channeling Illegally Acquired Funds into Malaysia Authorities in Malaysia […]