Feb 27 2024
The defendants allegedly extorted contractors in exchange for contracts exceeding US$13 million, relating to over 60 development projects across New York. The suspects demonstrated a high level of skill in securing lucrative under-the-table deals by bribing contractors, as stated in a statement. These individuals are believed to have been demanding approximately 10% to 20% of …
Feb 27 2024
Binance has frozen $4.2 million worth of XRP following the largest hack of 2024. The hack saw $112 million stolen from Ripple co-founder Chris Larsen’s personal wallet on January 31. Binance CEO Richard Teng announced the news on social media platform X. He also expressed gratitude towards on-chain investigator ZachXBT and the Ripple team for …
Feb 26 2024
Kürşat was extradited from Italy, where he was arrested on New Year’s Eve. He is accused of providing legal counsel to Gary Robb, a British national, who was convicted of fraud in 2011. The court released him on bail after he pledged a 75,000 euros (US$80,685) bond. The Greek Cypriot owners of those properties were …
Feb 26 2024
The sanctions were imposed against 106 individuals and 88 entities responsible for perpetuating what the Council of the EU described as an illegal, unprovoked, and unjustified war of aggression. Those designated will be subject to an asset freeze, while EU citizens and companies are now prohibited from providing funds to them. The EU is “further …
Feb 25 2024
The Financial Conduct Authority (FCA) has issued 450 warnings to companies unlawfully promoting cryptocurrency assets. The regulatory agency is currently collaborating with technology firms to eliminate and block unauthorized advertisements across various platforms like websites, mobile apps, and social media accounts. This effort led to the removal of 35 apps from App Stores by the …
Feb 25 2024
Corruption will continue to thrive until justice systems can punish wrongdoing and keep governments in check, according to Transparency International. The organization noted that the majority of countries have shown minimal to no improvement in tackling public sector corruption. It warned that the rise in impunity for corruption is fueled by both authoritarian regimes and …
Feb 25 2024
Bitcoin miner Core Scientific has completed its reorganization and is coming out of Chapter 11 with an improved financial position. The company said it anticipates initiating the listing of its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting from …
Feb 24 2024
LockBit operated on a “ransomware-as-a-service’ model, providing a platform for a global network of hackers to launch attacks. Law enforcement agencies infiltrated LockBit’s primary platform and critical infrastructure, including 34 servers located in multiple countries such as the Netherlands, Germany, Finland, France, Switzerland, Australia, the United States, and the United Kingdom. The international crackdown was …
Feb 24 2024
The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar in December and aligns with the SEC’s recent trend of pushing back deadlines for Ethereum …
Feb 23 2024
South Korea’s ruling People Power Party is reportedly advocating for a further two-year taxation postponement on cryptocurrency investment gains. The program was scheduled earlier for 2023 and rescheduled to January 2025, and the current request is looking to push it to 2027. A political leader from the party also highlighted the risks of implementing taxation …