Saturday, June 19, 2021

Technology

U.S charges North Korean hackers with stealing $1.3 billion from global financial institutions and firms

Three North Korean computer programmers have been charged by the U.S. Justice Department in connection with a broad range of global cyberattacks. Federal authorities said Wednesday the programmers were indicted for conducting a series of hacks to steal and extort...

Reports find 270 addresses laundered 55% of cryptocurrency linked to criminal activity

Criminals who keep their funds in cryptocurrency tend to launder funds through a small cluster of online services, blockchain investigations firm Chainalysis said in a report last week. This includes services like high-risk (low-reputation) crypto-exchange portals, online gambling platforms, cryptocurrency...

Executive of Chinese social media giant Tencent investigated over “personal corruption” allegations

Chinese tech giant Tencent Holdings Ltd said a company executive is being investigated by authorities over allegations of “personal corruption”, after a media report said the move was linked to sharing of personal data from its popular WeChat app. The...

Nigeria’s central bank says it banned cryptocurrency over money laundering concerns

The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country, claiming the digital currency is used for money laundering and terrorism. The regulator said this in a statement Sunday, days after affirming a 2017 directive to financial...

California resident accused of laundering $13 million and operating unlicensed crypto exchange

A California resident is expected to plead guilty to charges of operating an unlicensed exchange and laundering more than $13 million. 49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed...

European Central Bank’s President claims bitcoin enables money laundering

European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.” “For those who had assumed that it might turn into a currency -- terribly sorry, but this...

Founder of RG Coins cryptocurrency exchange gets 10 years in prison money laundering

The owner of a cryptocurrency exchange used to launder millions of dollars gained from fake online auctions has been jailed for 10 years. Rossen Iossifov, the Bulgarian owner of RG Coins, was sentenced for his role in laundering criminal proceeds...

UK public warned about crypto investment risks

Consumers should be prepared to lose all their money if they invest in schemes promising high returns from digital currencies such as bitcoin, a City watchdog has warned. The volatile nature of cryptoassets was highlighted again on Monday as bitcoin dropped...

Ticketmaster fined $10m for hacking rival ticket seller

Ticketmaster has paid a $10m (£7.3m) criminal fine for "intrusions into a competitor's computer systems", the US Department of Justice has confirmed. The DoJ said the US ticket sales and distribution company had used passwords unlawfully retained by a former employee...

U.S. treasury department issues crypto stablecoins warnings over money laundering concerns

Top U.S. financial regulators are warning firms behind an important part of the cryptocurrency market to tighten protections against money laundering. At issue are so-called stablecoins that traders rely on to facilitate payments for digital tokens. In a Wednesday statement,...

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