TECHNOLOGY
Technology
Robinhood faces SEC fraud probe over high-speed trade deals
Robinhood Markets faces a civil fraud investigation over its early failure to fully disclose its practice of selling clients’ orders to high-speed trading firms,...
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Founder of Anti-Money Laundering Bitcoin Project indicted for money laundering
The U.S. Department of Justice (DOJ) indicted the founder of “AML Bitcoin” on money laundering and wire fraud charges. The U.S. Securities and Exchange...
New Zealand seizes $90 million linked to crypto laundering
New Zealand police have seized NZ$140 million (US$90 million) in bank funds linked to Alexander Vinnik, a Russian alleged to have been the controller...
Estonia withdraws permits from 500 cryptocurrency firms
Estonia, one of the European Union’s most crypto-friendly countries, is cracking down on hundreds of licensed crypto companies in response to a $220 billion...
Crypto exchange CoinFlux owner pleads guilty to $1.8M money laundering
The owner of a now-defunct Romanian crypto exchange called CoinFlux has pled guilty to laundering roughly $1.8 million in a fraudulent scheme involving fake...
China cracks down on cryptocurrency traders, freezes bank accounts
The police in China’s Guangdong province have been freezing bank accounts of over-the-counter (OTC) cryptocurrency buyers and sellers in the country. Chinese publication 8btc...
$1.4 billion cryptocurrency assets stolen in the first five months of 2020
A recent study on Bitcoin transactions reveals that 74 percent of exchange-to-exchange trades are taking place across borders, which highlights both the need for...
U.S to reward $5 million for the arrest of Venezuela’s cryptocurrency chief
The U.S. Immigration and Customs Enforcement agency announced today that it has put a $5 million bounty on the head of the Superintendent of...
Arizona files consumer fraud lawsuit against Google over illegal location tracking
Arizona filed a consumer fraud lawsuit against Alphabet Inc’s Google on Wednesday, alleging that the U.S. tech giant used “deceptive” and “unfair” practices to obtain...
Cryptocurrency
U.S. files suit to seize cryptocurrency accounts linked to North korea
U.S. authorities on Thursday moved to seize 280 cryptocurrency accounts they said were used by North Korean hackers who stole more than a quarter...
Co-founder of OneCoin to testify against his sister in Ponzi scheme case
Konstantin Ignatov, the brother of OneCoin’s fugitive founder Ruja Ignatova and a major figure behind the $4 billion Ponzi scheme, agreed to testify against his...
US charges AirBit Club for running cryptocurrency Ponzi scheme
The operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations probe.
According to...
Why did the FCA drop its warning about the OneCoin scam?
In June 2016, Dr Ruja Ignatova told an audience of thousands at Wembley Arena that her new cryptocurrency, OneCoin, was a "Bitcoin killer" and...
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Top Chinese banker confessed to $29 million bribes found in his apartment
The former chairman of one of China’s bad banks has confessed to taking millions of yuan in bribes which he kept in metal cabinets...
Netherland: Two men arrested in €900,000 medical mask scam
The FIOD, the Tax Authority's investigative department, arrested two men on Monday on suspicion of stealing 900 thousand euros in a scam involving medical...
Malaysia Former PM’s Wife will be charged with money laundering crime
Malaysian prosecutors will charge the wife of former Prime Minister Najib Razak with money laundering on Thursday, three weeks after he faced new allegations...
Former senator Jake Files to be sentenced this morning
JAKE FILES Sentenced today. Federal Judge P.K. Holmes this morning will sentenced former Republican Sen. Jake Files for scheming to divert state money...