December 6, 2023

Irish Independent: Micheál Martin initiates High Court proceedings against Google over scam adverts

Irish Independent: Micheál Martin initiates High Court proceedings against Google over scam adverts. “Tánaiste Micheál Martin is taking a legal action against Google to secure information about the source of scam adverts for cryptocurrency using his name and image. Mr Martin initiated High Court proceedings against Google Ireland Limited and Google LLC in an attempt to establish why his name and image are being used for fake adverts.” As I understand it, the “Tánaiste” is the deputy head of government in Ireland.

Security & Legal Issues 0
December 6, 2023

WIRED: The Binance Crackdown Will Be an ‘Unprecedented’ Bonanza for Crypto Surveillance

WIRED: The Binance Crackdown Will Be an ‘Unprecedented’ Bonanza for Crypto Surveillance. “The crackdown doesn’t just mean a chastened Binance will have to change its practices going forward. It means that when the company is sentenced in a matter of months, it will be forced to open its past books to regulators, too. What was once a haven for anarchic crypto commerce is about to be transformed into the opposite: perhaps the most fed-friendly business in the cryptocurrency industry, retroactively offering more than a half-decade of users’ transaction records to US regulators and law enforcement.”

Security & Legal Issues 0
November 24, 2023

Business Insider: Do Kwon’s Extradition Approved by Montenegro Court

Business Insider: Do Kwon’s Extradition Approved by Montenegro Court. “A court in Podgorica, the capital of Montenegro, has approved the extradition of Terra founder Do Kwon to either South Korea or the United States, according to an update posted on the judiciary’s website. Kwon was arrested in the country in March after being caught in Podgorica’s airport with falsified documents.”

Security & Legal Issues 0
November 23, 2023

New York Times: U.S. Case Details Binance’s Knowledge About Criminal Users

New York Times: U.S. Case Details Binance’s Knowledge About Criminal Users (This link goes to a gift article.) “…despite regular warnings from some of its own employees that some transactions on Binance.com were violating anti-money-laundering laws, the firm was reluctant to cut them off. Those allegations, which were made public on Tuesday in a sweeping federal case against Binance and Mr. Zhao, show how thoroughly he and his deputies understood that criminals were using their trading platform — and how little they did to stop them.”

Security & Legal Issues 0
November 22, 2023

US Department of Justice: Binance and CEO Plead Guilty to Federal Charges in $4B Resolution

US Department of Justice: Binance and CEO Plead Guilty to Federal Charges in $4B Resolution. “Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA).”

Security & Legal Issues 0
November 20, 2023

Bleeping Computer: Bloomberg Crypto X account snafu leads to Discord phishing attack

Bleeping Computer: Bloomberg Crypto X account snafu leads to Discord phishing attack. “The official Twitter account for Bloomberg Crypto was used earlier today to redirect users to a deceptive website that stole Discord credentials in a phishing attack. As first spotted by crypto fraud investigator ZachXBT, the profile contained a link to a Telegram channel with 14,000 members, further pushing visitors to join a fake Bloomberg Discord server with 33,968 members.”

Security & Legal Issues 0
November 3, 2023

Associated Press: FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers

Associated Press: FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers. “After the monthlong trial, jurors rejected Bankman-Fried’s claim during four days on the witness stand in Manhattan federal court that he never committed fraud or meant to cheat customers before FTX, once the world’s second-largest crypto exchange, collapsed into bankruptcy a year ago.”

Security & Legal Issues 0
November 1, 2023

The Verge: Sam Bankman-Fried doesn’t recall

The Verge: Sam Bankman-Fried doesn’t recall. “Midway through Sam Bankman-Fried’s cross examination, as prosecutor Danielle Sassoon went through a brutal line of questioning like a hot buzzsaw through a butter cow, I found myself reflecting on how smart the average person is. Maybe they don’t know calculus. Maybe they’ll never read Ulysses. Maybe they can’t code. But they definitely know how to identify bullshit when they see it.”

Security & Legal Issues 0
October 28, 2023

Newswise: Bitcoin mining has “very worrying” impacts on land and water, not only carbon, UN-led study reveals

Newswise: Bitcoin mining has “very worrying” impacts on land and water, not only carbon, UN-led study reveals. “As bitcoin and other cryptocurrencies have grown in market share, they’ve been criticized for their heavy carbon footprint: Cryptocurrency mining is an energy-intensive endeavor. Mining has massive water and land footprints as well, according to a new study that is the first to detail country-by-country environmental impacts of bitcoin mining.”

Research & Opinion 0
October 25, 2023

NFTs And Tulipmania: A Little Bit Of History Repeating (Hackaday)

Hackaday: NFTs And Tulipmania: A Little Bit Of History Repeating. “We were not surprised to read that a company that tracks NFTs declared that most NFTs are now worthless. But the NFT — non-fungible token — market was huge, so around 23 million people invested in NFTs that are now worth nothing. Worse still, the company notes that because of oddities in how NFTs are priced, the real number of worthless assets is probably even greater than they think.”

Around the Search & Social Media World 0
October 24, 2023

404 Media: Inside a $30 Million Cash-for-Bitcoin Laundering Ring in the Heart of New York

404 Media: Inside a $30 Million Cash-for-Bitcoin Laundering Ring in the Heart of New York. “The records provide rare insight into an often unseen part of the criminal underworld: how hackers and drug traffickers convert their Bitcoin into cash outside of the online Bitcoin exchanges that ordinary people use. Rather than turning to sites like Coinbase, which often collaborate with and provide records to law enforcement if required, some criminals use underground, IRL Bitcoin exchanges like this gang which are allegedly criminal entities in their own right.”

Security & Legal Issues 0
October 23, 2023

CNBC: Sam Bankman-Fried, FTX allies secretly poured $50 million into ‘dark money’ groups, evidence shows

CNBC: Sam Bankman-Fried, FTX allies secretly poured $50 million into ‘dark money’ groups, evidence shows. “Former crypto king Sam Bankman-Fried and his allies donated $50 million during the 2022 election cycle toward politically active groups that do not publicly disclose the names of donors, according to documents recently made public by prosecutors.”

Security & Legal Issues 0
October 20, 2023

Decrypt: SBF Asked Former FTX Lawyer to Find ‘Legal Justifications’ for Missing Customer Funds

Decrypt: SBF Asked Former FTX Lawyer to Find ‘Legal Justifications’ for Missing Customer Funds. “FTX former general counsel, Can Sun, testified on Thursday that Sam Bankman-Fried asked him to craft ‘legal justifications’ to explain why billions of dollars of customer funds were missing, as the exchange struggled to process customer withdrawals last November.”

Security & Legal Issues 0
October 18, 2023

Wall Street Journal: The Crypto Exchange Moving Money for Criminal Gangs, Rich Russians and a Hamas-Linked Terror Group

Wall Street Journal: The Crypto Exchange Moving Money for Criminal Gangs, Rich Russians and a Hamas-Linked Terror Group. “Despite its place on the U.S. blacklist, which restricts transactions with sanctioned entities, Garantex has become a major channel through which Russians move funds into and out of the country, according to trading data and people familiar with the firm. It has also been a vehicle for Russian cybercriminals to launder their earnings, U.S. authorities say.”

Security & Legal Issues 0

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