Cryptocurrency Analysis and News Portal
“O’Connor used his sophisticated technological abilities for malicious purposes — conducting a complex SIM swap attack to steal large amounts of cryptocurrency, hacking Twitter, conducting computer intrusions to take over social media accounts, and even cyberstalking two victims, including a minor victim,” the SDNY said in a statement. Original Source
Read More
The United States Treasury Department’s Office of Foreign Asset Control (OFAC) announced cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement related to more than 65,000 apparent violations of multiple sanctions programs.In a May 1 notice, OFAC said the $7.6 million would be used to settle Poloniex’s civil case for
Read More
One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts. There has been a wave of companies opening bank accounts in Hong Kong to take advantage of
Read More
Binance is under investigation in Brazil by the Federal Prosecutor’s Office and Federal Police, according to a report in Valor Econômico newspaper. The cryptocurrency exchange has allegedly been helping clients evade a stop order on cryptocurrency derivatives investments.According to the newspaper, the Brazilian Securities and Exchange Commission (SEC) reported to
Read More
The San Francisco Police Department has arrested a tech executive named Nima Momeni in connection with the April 4 stabbing of Cash App creator Bob Lee.In an April 13 press conference, the SFPD announced that Momeni was in custody following the execution of search and arrest warrants in San Francisco and
Read More
Governments around the world are finding themselves face to face with questions on how to handle the swift rise of artificial intelligence (AI). In China, local authorities announced that they plan to enforce a mandatory review of generative AI services prior to their public operation. According to a statement on the
Read More
The Seoul Southern District Prosecutor's Office has reportedly confiscated roughly $160 million worth of assets from eight people connected to the collapse of Terraform Labs, including co-founder Daniel Shin.According to an April 3 report from South Korean news outlet KBS, authorities seized roughly 210 billion won — $160 million at
Read More
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four
Read More
Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour. Top American crypto exchange Coinbase is presently weighing its options regarding the creation of a new crypto trading platform. According to a Bloomberg report, the platform will be located outside the
Read More
Summary: The crypto mixer founded in 2017 was shut down by national authorities led by the European Union Agency For Law Enforcement Cooperation (Europol).Authorities seized $46 million in Bitcoin and 7 terabytes of data from the crypto tumbler.Another crypto mixer, Tornado Cash, was sanctioned by the U.S Treasury back in
Read More