Saturday, September 18, 2021

Technology

U.S. arrests alleged ‘Bitcoin Fog’ operator for money laundering

U.S. officials on Tuesday arrested Roman Sterlingov, the alleged principal operator of cryptocurrency money laundering website Bitcoin Fog, according to a federal court filing. Sterlingov, a citizen of Russia and Sweden, was detained in Los Angeles on money-laundering related charges. Bitcoin...

Former Netflix executive convicted for accepting bribes to approve contracts

A federal jury found a former Netflix executive guilty Friday of receiving lucrative stock options and more than a half-million dollars in bribes and kickbacks from tech companies to approve contracts with the streaming giant. Michael Kail, 49, is a former Netflix...

Another Turkish cryptocurrency exchange collapse amid crackdown

A second cryptocurrency exchange has collapsed in Turkey amid a crackdown on the industry. The platform, Vebitcoin, said in a brief statement on its website that it has ceased all activities after facing financial strain and that it would update clients on...

Ireland stops anonymity in trading of cryptocurrency

BUYERS and sellers of Bitcoin and other cryptocurrencies are no longer able to trade virtual assets anonymously in Ireland under an expanded anti-money laundering regime. As of today, cryptocurrency service providers in Ireland will have to comply with money laundering rules and other basic...

Turkey arrests four people linked to crypto exchange Vebitcoin in fraud probe

Turkish authorities arrested four people from cryptocurrency exchange platform Vebitcoin on Monday as part of a fraud investigation, state-owned Anadolu news agency said. Authorities had previously blocked the onshore bank accounts of Vebitcoin after the company said it had stopped...

Turkey probes Thodex crypto exchange over alleged $2 billion fraud

Turkish prosecutors launched an investigation into a cryptocurrency exchange Thursday over allegations it may have defrauded some 390,000 investors of an estimated $2 billion. The office of Istanbul’s chief prosecutor said it was probing the Thodex cryptocurrency exchange following complaints...

Former BitMEX CEO Arthur Hayes surrenders to U.S authorities in Hawaii

Former BitMEX CEO Arthur Hayes surrendered to United States authorities in Hawaii on Tuesday, six months after federal prosecutors first levied charges against him and three fellow BitMEX executives. In a statement, Hayes’ lawyers described the Singapore resident as “a self-made entrepreneur...

DeepDotWeb administrator pleads guilty to money laundering

Tal Prihar, an Israeli citizen extradited to the U.S., pleaded guilty in federal court Wednesday to conspiracy to commit money laundering for his role in running the defunct “DeepDotWeb” website. Prihar faces up to 20 years in prison after prosecutors...

Swiss rejects bitcoin’s application for banking license over anti-money laundering laws

Cryptocurrency firm Bitcoin Suisse has withdrawn its application for a banking license, in part because it failed to meet the anti-money laundering requirements of the Swiss financial regulator. “The application process has shown the need for further reviews of the...

BitMEX co-founder Ben Delo surrenders to U.S authorities over violations of anti-money laundering laws

One of the founders of pioneering crypto-derivatives exchange BitMEX surrendered to authorities to face charges that he schemed to avoid U.S. anti-money laundering laws. Benjamin Delo, who traveled to New York from the U.K., was arraigned before U.S. Magistrate Judge Sarah L. Cave...

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