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Weekly Roundup: Binance Handled Iranian Funds, Instagram Star Laundered Ponzi Scheme Proceeds, and More

An investigation by Reuters revealed that Binance, the world's largest cryptocurrency exchange in terms of trade volume, has processed $8 billion in transactions linked to Iran since 2018 in violation of U.S. sanctions. More The majority of those funds flowed through Iran's largest cryptocurrency exchange, Nobitex, which allegedly offers advice on its website on bypassing U.S. embargoes, Reuters reported. More Instagram influencer Jay Mazini pleaded guilty to federal fraud and money laundering charges in New York after orchestrating a Ponzi scheme and Bitcoin-related fee scheme that bilked victims out of $8 billion, Fox 5 NY reported. More British socialite James...

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