Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report
SEOUL, Feb 1 (Reuters) – Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers...
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Cryptocrime will reach a record $20 billion in 2022, the report says
LONDON, Jan 12 (Reuters) – Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions soared, data...
Exclusive: Binance Moves $346M for Seized Crypto Exchange Bitzlato
LONDON, Jan 24 (Reuters) – Crypto giant Binance processed nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities...
US banking regulator warns against crisis risk from fintech proliferation
NEW YORK, Sept 7 (Reuters) – The rise of fintech services and digital banking could spur financial risk and potentially a crisis in the long term,...
Cryptoverse: Hack jitters push bitcoin investors back to the future
Oct 11 (Reuters) – Being a crypto investor is not easy. They have seen the value of their holdings drop like a brick this year, and...
Binance-linked blockchain hit by $570 million crypto hack
LONDON, Oct 7 (Reuters) – A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson...
US sues crypto ‘mixer’ to recover $60 million from government
Summary Companies Law firms Penalties imposed in 2020 for allegations of money laundering violations Founder pleaded guilty in related criminal case in DC (Reuters) – The...
NFT sales are hot! But what is actually for sale?
September 13, 2022 – NFTs, or non-fungible tokens, represent ownership interests in digital assets. Each NFT is unique, distinct from fiat assets such as US currency,...
Wire fraud: the most powerful law in crypto right now
23 August 2022 – Regulation and enforcement in the cryptocurrency space are hot topics, with the debate centering around the complex question of whether to classify...
Potential preference exposure for crypto withdrawals
August 16, 2022 – Crypto customers who withdraw crypto assets from an exchange or custodian within 90 days of the exchange or custodian filing for bankruptcy...