Using

[Outhue]

Why have many crypto exchanges been shut down by the fbi and other police agencies? Recently garantex.io/org has been shut down because of money laundering but so have many others… how do criminals use exchanges to launder their money? Who or what finds out that such exchanges were lending themselves for such criminal activity?

For regulators, a lack of transparency from cryptocurrency exchanges is a major concern. If these exchanges have nothing to hide, they should be able to comply with regulatory requirements. Additionally, it is impossible to operate an illegal exchange without facing consequences.

Some individuals believe that transactions on the blockchain can be concealed, but that misconception is misguided. If the crime under investigation is significant enough, even transactions on privacy-focused blockchains can be uncovered.

Money crimes occurring online through exchanges, platforms, and online casinos can all be traced, unless they are too minor to warrant attention.

[blockman]

Why have many crypto exchanges been shut down by the fbi and other police agencies? Recently garantex.io/org has been shut down because of money laundering but so have many others… how do criminals use exchanges to launder their money? Who or what finds out that such exchanges were lending themselves for such criminal activity?

That's an unknown exchange to me and shady things could happen there if they're not regulated nor registered. That's why closure for exchanges like that are easy when they're detected. Do you think that most of the crypto transactions can't be tracked? well, these boys are able to do so especially if they have the list of these addresses that are coming from a source to launder money. They can know the activities that are done there but compared to the bigger ones, these things can still be happening but very minimal due to regulations and monitoring done to them.

[AprilioMP]

Why have many crypto exchanges been shut down by the fbi and other police agencies? Recently garantex.io/org has been shut down because of money laundering but so have many others… how do criminals use exchanges to launder their money? Who or what finds out that such exchanges were lending themselves for such criminal activity?

Yes, because they are not included in the list with the applicable rules. For example they do not apply KYC and detected money laundering.
Those who have the capacity to take action on the closure of the exchange in question have complete work tools ranging from human resources to other technical tools so that typing they work with no difficulty will find the stock exchange.

[Mrbluntzy]

Why have many crypto exchanges been shut down by the fbi and other police agencies?

List as many of those exchange that has been shutdown and you will be told the reason why it was shut down.
You have been given the reason why the FBI or the authorities would ban or want to ban any exchange what I just want to add is that, the exchange always provides  guidelines that Exchange must follow to exist but when they abandon the guidelines, the authority will come for them. Example is binance exchange, they had issues with the government that probably would have cause their exchange to be closed down but they had to pay the fine that the government asked them to payment.

[Dunamisx]

Why have many crypto exchanges been shut down by the fbi and other police agencies? Recently garantex.io/org has been shut down because of money laundering but so have many others… how do criminals use exchanges to launder their money? Who or what finds out that such exchanges were lending themselves for such criminal activity?

So they even realized that exchanges too could perform shady activities, but why not shut all down instead of allowing the only ones that have identified with them through regulations procedures and licensing, there's much to what this government also benefits if they see an exchange operating under their license than when they are not, mixers are the ones they thought are the bad actors, there are more others they aren't paying attention to.

[Zlantann]

Why have many crypto exchanges been shut down by the fbi and other police agencies? Recently garantex.io/org has been shut down because of money laundering but so have many others… how do criminals use exchanges to launder their money? Who or what finds out that such exchanges were lending themselves for such criminal activity?

Some reputable exchanges unknowingly laundered money for criminals. But I think some exchanges might help criminals to transact due to greed. They might be offered high incentives by these criminals, which would make them engage in these illegalities.

It's easy the FBI or any agency on the case can trace some of this wallet to some criminals they have been looking for. Don't forget that Crypto-currency is very transparent and you can see transactions made even if they hardly control the transactions, they can track them, some use other source like mixers to make their transactions difficult to track.

All these law enforcement agencies are also upgrading the skills and tools to track shady transactions. However, criminals can still cover up suspicious transactions by using privacy tools. They can track mixed coins, but it will take extra effort.

[robertcarlyle]

But how do these shady exchanges differ from professional money laundering that takes place elsewhere which involves cryptocurrencies?