fraud

Bankruptcy law firm S&C absolved from misconduct according to new FTX proposal

amended proposal, bankruptcy, Bitcoin, compensation, Creditors, Crypto Investors, Cryptocurrency, exculpatory clause, fraud, FTX, Sullivan & Cromwell /

Bankruptcy law firm S&C absolved from misconduct according to new FTX proposal 2024-05-08 at 12:01 By Cointelegraph by Zoltan Vardai FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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SEC pushes back against Terraform’s claims fraud happened outside US

court, fraud, regulation, SEC, terra /

SEC pushes back against Terraform’s claims fraud happened outside US 2024-05-07 at 23:01 By Cointelegraph by Turner Wright Lawyers for the commission cited several examples of Do Kwon touting UST to U.S. investors and Terraform’s former communications head making false claims about the stablecoin. This article is an excerpt from Cointelegraph.com News View Original Source

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Only 45% of organizations use MFA to protect against fraud

cybersecurity, fraud, identity, identity protection, News, Ping Identity, report, survey /

Only 45% of organizations use MFA to protect against fraud 2024-05-07 at 06:01 By Help Net Security Most businesses struggle with identity verification and have concerns over ability to protect against AI, according to Ping Identity. Despite stronger protection solutions available, many organizations aren’t taking full advantage. The report, based on responses from 700 IT

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US Justice Dept charges Roger Ver with tax fraud

Bitcoin, Department of Justice, fraud, regulation, Roger Ver, Taxes, United States /

US Justice Dept charges Roger Ver with tax fraud 2024-04-30 at 22:01 By Cointelegraph by Turner Wright Early crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Triangulation fraud: The costly scam hitting online retailers

Artificial Intelligence, attacks, authentication, biometrics, cybersecurity, Don't miss, Features, fraud, Hot stuff, News, online payment, opinion, remote access, scams, Visa /

Triangulation fraud: The costly scam hitting online retailers 2024-04-30 at 08:01 By Mirko Zorz In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among merchants. He also highlights the

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South Korean ministries look to upgrade status of crypto crime unit

Cryptocurrencies, Cryptocurrency Exchange, fraud, law, South Korea /

South Korean ministries look to upgrade status of crypto crime unit 2024-04-29 at 23:01 By Cointelegraph by Derek Andersen The temporary unit is reportedly being transformed into a permanent department as enforcement actions rise dramatically in South Korea. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Samourai Wallet mixer co-founders arrested on AML, licensing charges

AML, Cryptocurrencies, fraud, Privacy /

Samourai Wallet mixer co-founders arrested on AML, licensing charges 2024-04-25 at 01:01 By Cointelegraph by Derek Andersen The crypto mixer allegedly handled $2 billion in unlawful transactions and facilitated $100 million in money laundering. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Enterprises face significant losses from mobile fraud

Artificial Intelligence, cybersecurity, Don't miss, Enea, fraud, Hot stuff, threats, Video, vishing /

Enterprises face significant losses from mobile fraud 2024-04-18 at 06:31 By Help Net Security A recent Enea survey highlights a worrying trend in enterprise security: Following ChatGPT’s launch, 76% of businesses are inadequately protected against rising AI-driven vishing and smishing threats. In this Help Net Security video, John Hughes, SVP, Head of Network Security Business

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Blockchain fraud group shifts $1M to Blast for new schemes

Cryptocurrencies, Cryptocurrency Exchange, decentralization, fraud /

Blockchain fraud group shifts $1M to Blast for new schemes 2024-04-14 at 15:00 By Cointelegraph by Amaka Nwaokocha This group has a history of launching numerous projects that attract significant TVL but later abscond with the funds. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Billionaire’s suit over scam crypto ads on Meta dismissed in Australia

Australia, Facebook, fraud, Instagram, Meta /

Billionaire’s suit over scam crypto ads on Meta dismissed in Australia 2024-04-12 at 20:01 By Cointelegraph by Derek Andersen Andrew Forrest’s image was used in an ad promoting crypto scams. He has another suit against Meta in a California district court. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police

Bitcoin, China, fraud, UK /

Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police 2024-04-12 at 12:01 By Cointelegraph by Ezra Reguerra United Kingdom authorities found 61,000 BTC when it raided a house rented by money launderers in 2021. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Taiwan’s Ace Exchange founder indicted in $10.7M fraud case

Ace Exchange, arrest, court, Cryptocurrencies, Cryptocurrency Exchange, David Pan, fraud, law, Police, Taipei, Taiwan /

Taiwan’s Ace Exchange founder indicted in $10.7M fraud case 2024-04-10 at 15:00 By Cointelegraph by Helen Partz A Taiwanese court has ruled that the property of Ace Exchange founder David Pan and others involved in the case will be confiscated. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Google sues alleged China crypto app racketeers: Report

China, Cryptocurrencies, fraud, Google, scams /

Google sues alleged China crypto app racketeers: Report 2024-04-04 at 15:01 By Cointelegraph by Zoltan Vardai Approximately 100,000 users have downloaded fraudulent apps from Google Play, but the amount of user funds lost remains unknown. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Elevating the Stakes: The Enhanced Arsenal of the Fake E-Shop Campaign

cybercrime, fraud /

Elevating the Stakes: The Enhanced Arsenal of the Fake E-Shop Campaign 2024-04-03 at 10:16 By neetha871ad236bd Key Takeaways Overview In September 2022, Cyble Research and Intelligence Lab (CRIL) noted a substantial uptick in the prevalence of the fake e-shop campaign, which had been actively targeting Malaysia, Vietnam, and Myanmar. Initially identified in 2021, the campaign

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How CISOs tackle business payment fraud

Artificial Intelligence, BEC scams, CISO, cybersecurity, Don't miss, Email, fraud, Hot stuff, supply chain, Trustmi, Video /

How CISOs tackle business payment fraud 2024-03-28 at 07:01 By Help Net Security In this Help Net Security video, Shai Gabay, CEO of Trustmi, discusses why payments are a source of cyber worry for CISOs. CISOs are worried about Business Email Compromise (BEC), cyber attackers’ use of AI, and securing the supply chain. These are

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Scams are becoming more convincing and costly

cybercrime, fraud, News, report, scams, survey, Visa /

Scams are becoming more convincing and costly 2024-03-25 at 06:33 By Help Net Security Scams directly targeting consumers continue to increase in both complexity and volume, according to Visa. Consumers are increasingly targeted by scammers, who rely on heightened emotions to create fraud opportunities. While the number of individual scam reports from June to December

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Judge greenlights class suit alleging Silvergate Bank aided FTX fraud

bank, class suit, court, fraud, FTX, judge, lawsuit, silvergate, US /

Judge greenlights class suit alleging Silvergate Bank aided FTX fraud 2024-03-22 at 09:03 By Cointelegraph by Jesse Coghlan A federal judge struck down Silvergate’s dismissal bid of a lawsuit claiming it aided fraud at FTX saying the allegations were adequate to proceed. This article is an excerpt from Cointelegraph.com News View Original Source React to

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What is anti-dumping policy in crypto?

Anti-dumping policy, fraud, investor, Token /

What is anti-dumping policy in crypto? 2024-03-20 at 12:01 By Cointelegraph by Dilip Kumar Patairya Implementing an anti-dumping policy helps counter scammers who entice investors into projects before capitalizing on their own tokens to flee with profits. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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SEC hit with sanctions for its ‘gross abuse of power’ in Debt Box case

Allegation, Claim, Debtbox Case, fraud, gary gensler, Sanction, SEC /

SEC hit with sanctions for its ‘gross abuse of power’ in Debt Box case 2024-03-18 at 23:51 By Cointelegraph by Brayden Lindrea The SEC initially conceded it misled the court but argued a sanction wasn’t appropriate. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Prosecutors want $11B judgment, 40-50 years in prison for Sam Bankman-Fried

Cryptocurrency Exchange, fraud, FTX, Sam Bankman-Fried /

Prosecutors want $11B judgment, 40-50 years in prison for Sam Bankman-Fried 2024-03-16 at 03:12 By Cointelegraph by Derek Andersen Sam Bankman-Fried asked for a maximum sentence of six and a half years, but he could have gotten over 100 years. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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