The Crypto Times: UK drug gang unveils memecoin in latest ML scheme, exposing new crypto crime trend

This marks a significant shift in criminal tactics, as creating and promoting their own cryptocurrency allows them to not only launder money but also potentially profit through a “pump and dump” scam. The case highlights a growing trend in financial crime where criminals are innovating within the crypto space, making it increasingly challenging for regulators and law enforcement to track and prevent money laundering activities…