Edwin G. 

Cryptocurrency exchange Cryptomus fined $177M for failing to report over 1,000 transactions with suspected links to criminal activity to FINTRAC.

https://www.cbc.ca/news/business/cryptomus-fined-177-million-fintrac-9.6948338
- - -
L'échange de crypto-monnaie Cryptomus mis à l’amende 177M$ pour ne pas avoir signalé plus de 1000 transactions ayant des liens présumés avec des activités criminelles à CANAFE.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-22-fra

#Canada #FINTRAC #CANAFE #Crypto #Cryptocurrency #Cryptomonnaie

Crypto exchange Cryptomus fined record $177M by Canada's financial crime watchdog | CBC News

A cryptocurrency exchange has been slapped with a fine of almost $177 million — the largest-ever penalty by Canada's financial intelligence agency — for infractions including failing to flag more than 1,000 transactions with suspected links to criminal activity.

CBC
Oct 22, 2025 at 10:42pmWeb
Show thread❄️SnowyIn🇨🇦❄️Oct 22, 2025
@EdwinG
I'm pretty sure it was
@ [email protected] who first uncovered it
Show threadEdwin G. Oct 22, 2025
@SnowyCA Possible. This is the first time I hear of this or cryptomus.
Show thread❄️SnowyIn🇨🇦❄️Oct 22, 2025

@EdwinG
I was correct. (I seem to remember when he first wrote about it a while back)

https://infosec.exchange/@briankrebs/115418985129960316

BrianKrebs (@[email protected])

Attached: 2 images Scoopy, new, by me: Canada Fines Cybercrime Friendly Cryptomus $176 Million Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada’s anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus’s Vancouver street address was home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which were physically located there. https://krebsonsecurity.com/2025/10/canada-fines-cybercrime-friendly-cryptomus-176m/

Infosec Exchange