Two Plead Guilty in N.Y. Crypto Money Laundering Case Insights Two Plead Guilty in N.Y. Crypto Money Laundering Case
Since the early days of Silk Road, opportunistic “entrepreneurs” have attempted to take advantage of the perceived anonymity of Bitcoin and other cryptocurrencies, selling everything from marijuana to contract killings. But as we’ve said here at CTN several times, that anonymity is only good to a certain extent. The Manhattan DA Cyrus R. Vance, Jr., announced on Tuesday that two men accused of laundering millions of dollars in cryptocurrency and Western Union payments have entered guilty pleas and are expected to be sentenced on July 12. According to the charges, the two defendants, Callaway Crain and Mark Sanchez, utilized the…