Wednesday, June 29, 2022

Technology

FCA orders all bitcoin ATMs in the UK to shut down

Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a verdict on the presence of Bitcoin (BTC) ATMs within the island country. In what has come as a surprise to many within the industry, the U.K. authority has issued a...

BitConnect Founder Charged in $2 Billion Cryptocurrency Fraud Scheme

A grand jury indictment was returned Friday charging the founder of cryptocurrency company BitConnect with federal crimes for his role in allegedly defrauding investors out of more than $2 billion, according to the U.S. Attorney's Office in San Diego. Satishkumar...

Switch hacker Gary W. Bowser given 40-month sentence, owes Nintendo $14.5M

Nintendo of America announced Thursday that one member of the Team Xecuter hacker group has been sentenced to 40 months behind bars for his role in his group’s creation and sale of tools used to pirate video games for the Nintendo...

U.S feds seize $3.6 billion in stolen bitcoin from Bitfinex hack

Federal authorities seized $3.6 billion in stolen bitcoin and arrested a couple in Manhattan on Tuesday in what’s considered the Justice Department’s largest financial cryptocurrency bust to date. Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, of New York City, were arrested...

DeepDotWeb operator sentenced to eight years behind bars

The operator of the DeepDotWeb platform has been sentenced to just over eight years in prison. This week, the US Department of Justice (DoJ) said that Tal Prihar's sentence, 97 months, was based on charges of conspiracy to commit money laundering, of...

Russian Central Bank Proposes Banning Cryptocurrencies, Crypto Mining

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty. The move is the latest in a global cryptocurrency crackdown as governments...

Binance Turkey fined $750,000 for non-compliance against money laundering

The Financial Crimes Investigation Board (MASAK) has fined Binance Turkey 8 million lira (nearly $750,000) after the crypto exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance. The Financial Crimes Investigation Board (MASAK), which serves as Turkey’s...

Mexico arrests businessman in Pegasus spyware case

Mexican prosecutors said Monday they have arrested a businessman on charges he used the Pegasus spyware to spy on a journalist. The software marketed by the Israeli spyware firm NSO Group has been implicated in government surveillance of opponents and...

U.S charges hacker in Kaseya cyberattack, seizes $6m from REvil ransomware gang

The U.S. Department of Justice (DOJ) has charged a 22-year-old Ukrainian citizen linked to the REvil ransomware gang for orchestrating the July ransomware attack against U.S. technology firm Kaseya. It has also seized more than $6 million in ransom tied to another...

Two former Silicon Valley tech executives charged for wire fraud, money laundering

Two former technology executives have been arrested and charged in connection with a scheme that allegedly siphoned millions of dollars out of their last firm’s coffers, authorities said. An investigation by the Federal Bureau of Investigation led to separate complaints...

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