Thursday, June 30, 2022

Technology

German watchdog BaFin fines N26 for delayed money-laundering reports

Germany's financial watchdog BaFin has issued a fine to digital bank N26 for delayed reporting of suspicious money-laundering activity, the bank said on Tuesday. BaFin ordered N26 to pay 4.25 million euros ($5.0 million) in June related to the delayed...

Amazon probes its lawyers for allegedly bribing Indian government officials

Global ecommerce giant Amazon has initiated an investigation against its legal representatives for allegedly bribing Indian government officials. Rahul Sundaram, senior corporate counsel at Amazon, has reportedly been sent on leave in this matter. The development was first reported by The...

BitConnect founder charged with $2 billion cryptocurrency fraud

The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from thousands of retail investors. Expanding a civil case announced in May, the...

Former Manchester United player charged for role in crypto money-laundering scheme

Anderson, a former Brazilian football team and Manchester United Player, has been charged for allegedly being involved in a crypto money-laundering scheme. According to Globo, the retired midfielder was investigated by a court in Brazil after suspicions of his...

Operator of bitcoin mixer Helix pleads guilty to money laundering conspiracy

An operator of a bitcoin “mixer” has pleaded guilty to conspiracy to launder money, the U.S. Justice Department said on Wednesday. Larry Dean Harmon, who ran a mixer called Helix, pleaded guilty Wednesday to conspiracy to launder monetary instruments. He...

UK authorities seize Ethereum worth $9.5 million found in USB sticks

Greater Manchester Police’s Economic Crime Unit of the United Kingdom has conducted a seizing of around $22.25 million after intelligence inquiries found USB sticks with significant amounts of Ethereum (ETH). According to the announcement made by the officials, investigators...

London High Court orders Binance to trace hackers behind $2.6 million hack

London's High Court has ordered Binance, one of the world's largest cryptocurrency exchanges, to identify hackers and freeze their accounts after one user said it was the victim of a $2.6 million hack. In a judgment made public this week,...

China arrest Weibo’s PR executive over bribery allegations

Chinese authorities have arrested a top public relations executive at Chinese social media giant Weibo Corp (WB.O), local Chinese media reported widely on Tuesday. Mao Taotao, director of public relations at Weibo, is suspected of bribery and had "seriously harmed the...

BitMEX agrees to pay $100m to settle U.S. charges

BitMEX, one of the world's largest virtual currency derivatives exchanges, has agreed to pay up to $100 million to settle U.S. charges of unlawfully accepting customer funds to trade cryptocurrencies when it was not registered to do so as...

South Korea reopen probe into alleged fraud case involving Bithumb

Police have reopened an investigation into an alleged fraud case involving a former chairman of the operator of South Korea's largest cryptocurrency exchange Bithumb, informed officials said Monday. The Seoul Metropolitan Police Agency has been probing Lee Jung-hoon, former chairman...

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