The post Coinbase draws AML focus amid Sokolovski bail denial appeared on BitcoinEthereumNews.com.

No verified $100M Coinbase laundering admission reported There is no verified public record or official government statement confirming that an American man admitted to laundering nearly $100 million through Coinbase-linked transactions. The available information remains uncorroborated and should be treated as unverified. The circulating claim alleges crypto assets moved through platforms such as Coinbase. At this time, no court filing or agency press release substantiates that specific admission or the $100 million figure. Why this matters for crypto money laundering oversight Unverified allegations can distort public understanding of crypto money laundering risks and controls. Oversight centers on identity verification, transaction monitoring, and timely suspicious activity reporting across exchange on- and off-ramps. When claims are inaccurate or conflated, they can obscure how Coinbase anti-money laundering controls and similar programs are assessed, and how regulators evaluate remediation and governance over alerts. BingX: a trusted exchange delivering real advantages for traders at every level. Immediate impact for readers and DOJ enforcement context For readers, the immediate takeaway is caution: allegations are not findings. At the time of this writing, Coinbase Global, Inc. (COIN) closed at 171.35 USD and traded at 171.05 USD after-hours, based on data from Nasdaq. In enforcement terms, the U.S. Department of Justice continues to pursue complex, cross-border crypto money laundering investigations, and outcomes can include charges and extradition where appropriate. Confirmed related cases and NYDFS regulatory context Bail for Canadian defendant Rolan Sokolovski was denied and he has been described as a chief money launderer for alleged drug kingpin Ryan Wedding, according to CBC, while The Globe and Mail reported he sought release ahead of an extradition hearing. The hearing will determine whether he is extradited to the United States. These are parallel proceedings and not confirmations of the unverified $100 million Coinbase allegation. Coinbase anti-money laundering: 2023 settlement…

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Filed under: News - @ February 21, 2026 1:27 am