Canada’s financial regulators have imposed a historic $176 million fine on the cryptocurrency platform Cryptomus for failing to report suspicious transactions linked to serious crimes such as child sexual abuse material, fraud, and ransomware payments. The action follows an investigation revealing that Cryptomus facilitated numerous cybercrime services and was connected to a network of shadowy money service businesses operating under false pretenses in Canada.

Founders of the Samourai Wallet cryptocurrency mixer, Keonne Rodriguez and William Lonergan Hill, have pleaded guilty to laundering over $200 million for cybercriminals. They face significant fines and potential prison sentences as part of their plea deal with the U.S. Department of Justice.