Toronto Cash Founders Face DOJ Charges for Money Laundering

  • Founders charged for laundering over $1 billion, including $455 million through a North Korean cybercrime organization.
  • Charges include conspiracy to commit money laundering, sanctions violations, and operating an unlicensed money transmitting business.
  • Cryptocurrency mixers, like Toronto Cash, allow for concealment of money flow, often used for illegal activities.
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