Ransomware and Crypto: The Growing Compliance Challenge
The growing threat of ransom demands, paid in cryptocurrencies, is becoming a huge compliance headache for financial institutions. A recently published landmark report, , aims to...
Tagged: NRLPA:OWCC
Ex-OpenSea CEO’s trial begins in first NFT insider trading case
NEW YORK, April 24 (Reuters) – U.S. prosecutors will this week charge a former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFT), with...
The trade group argues that the US SEC case unfairly labels cryptos as securities
Feb 22 (Reuters) – Cryptocurrency industry association the Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. Securities...
FTX bankruptcy judge rejects demands for new investigation into crypto exchange collapse
Feb 15 (Reuters) – A U.S. bankruptcy judge on Wednesday rejected calls for a new, independent investigation into FTX’s collapse, saying it would be redundant to...
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...
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...
Sorry crypto world, but the SEC isn’t backing down on ‘regulation by enforcement’
Feb 8 (Reuters) – For as long as I’ve covered US Securities and Exchange Commission litigation against crypto targets, the industry has harshly criticized the commission...
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...
Exclusive: US seeks documents on Binance chief for crypto money laundering probe
LONDON, Sept 1 (Reuters) – U.S. federal prosecutors have asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal documents about its anti-money laundering controls,...