Evan Tangeman, 22, pleaded guilty to laundering $3.5 million for a multi-state social engineering and crypto scheme that stole 4,100 Bitcoin worth $263 million at the time.
A Chinese national charged with laundering bitcoin connected to a multi-billion-pound fraud admitted guilt on the opening day of her trial at Southwark Crown Court in London.
The DOJ has charged the exchange with facilitating more than $700 million in illicit transactions tied to Russia, money laundering and criminal activity.
The revelation that the world's foremost financial institutions have been willfully laundering criminal money reminds us that Bitcoin has an unearned reputation.
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