Securities fraud
North Korea is likely culprit behind $100 million crypto heist, researchers say
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, a […]
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Lagarde plays down recession risks, says ECB is ready to ‘move faster’ on rates if needed
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at […]
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Former Amazon employee convicted in Capital One hack
Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, U.S., on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago in […]
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Here are the main takeaways from the Jan. 6 Capitol riot committee’s second hearing
U.S. Representative Zoe Lofgren (D-CA), Chairperson Bennie Thompson (D-MS) , Vice Chair U.S. Representative Liz Cheney (R-WY) listen during the second public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, at Capitol Hill, in Washington, U.S. June 13, 2022. Joshua Roberts | Reuters The House […]
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More than 46,000 people have lost more than $1 billion to crypto scams since 2021, says FTC
The crypto market can be volatile, but it’s still attractive to young people who have “higher risk appetites,” said Chris Adam of SharpRank. Insta_photos | Istock | Getty Images More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the […]
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Michael Avenatti sentenced to 4 years in prison for stealing from Stormy Daniels
Stormy Daniels and attorney Michael Avenatti are seen at The Abbey on May 23, 2018 in West Hollywood, California. Tara Ziemba | Getty Images A federal judge in New York on Thursday sentenced disgraced lawyer Michael Avenatti to four years in prison for stealing from his former client, onetime adult film actor Stormy Daniels, who […]
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Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely
Do Kwon, co-founder and chief executive officer of Terraform Labs, leaves the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Woohae Cho | Bloomberg | Getty Images Do Kwon, the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month, has a knack for convincing people to buy […]
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Former OpenSea employee charged in first-ever NFT insider trading case
U.S. prosecutors are now going after insider trading in the crypto industry. On Wednesday, prosecutors in New York’s Southern District charged and arrested Nathaniel Chastain, a former product manager at the online marketplace OpenSea. The 31-year-old faces one count of wire fraud and one count of money laundering, in connection with a scheme to commit […]
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Fraud had ‘significant’ role in $163 billion leak from pandemic-era unemployment system
Courtneyk | E+ | Getty Images More than $163 billion in benefits likely leaked from the unemployment system during the pandemic, with a “significant portion” attributable to fraud, according to a U.S. Department of Labor report. Congress created many new programs in March 2020 to support millions of people who lost their jobs from the […]
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Five U.S. states order a metaverse casino with alleged ties to Russia to halt sale of NFTs
Zoom In IconArrows pointing outwards Source: Flamingo Casino Club Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials […]
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