Daily Archives: July 1, 2022, 12:52 pm

‘Pig Butchering’ Crypto Scam Victim To Get Money Back From Binance, Law Enforcement Says

Rick Jenkins, a detective with the Gilroy Police Department, a city south of San Jose, wrote in a May 13 search warrant affidavit obtained by Forbes that “an unknown suspect” met a victim on a dating website, and eventually “tricked the victim” into investing over $243,000 worth of USDT into a fake cryptocurrency exchange. The seizure marks the first time…

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DLA Piper adds SEC trial attorney to its Boston office | DLA Piper

DLA Piper is expanding its Litigation practice with the arrival of Eric Forni, former senior trial counsel at the Securities and Exchange Commission’s Division of Enforcement, as partner in the firm’s Boston office. Forni also previously served as a Special Assistant US Attorney in the Securities, Financial and Cyber Fraud Unit at the US Attorney’s Office for the District of…

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FBI Offers $100,000 Reward for Capture of Ten Most Wanted Fugitive ‘Cryptoqueen’ — FBI

Investigators say Ignatova allegedly took part in a large-scale fraud scheme. Beginning in approximately 2014, Ignatova and others are alleged to have defrauded billions of dollars from investors all over the world. Ignatova was the founder of OneCoin Ltd., a Bulgaria-based company that marketed a purported cryptocurrency. In order to execute the scheme, Ignatova allegedly made false statements and representations…

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FTX Close to Buying BlockFi for Just $25M

Crypto exchange FTX is close to signing a deal to purchase struggling crypto lender BlockFi for $25 million, according to a person familiar with the matter. The news was first reported by CNBC. The deal is expected to be signed by the end of the week, the person familiar with the matter told CoinDesk. Source: FTX Close to Buying BlockFi…

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Former Apple Lawyer Admits Insider Trading – Bloomberg

The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit. Gene Levoff, Apple’s former director of corporate law, pleaded guilty on Thursday to six counts of securities fraud between 2011 and 2016. Levoff, 48, was co-chairman of the company’s disclosure committee, which allowed…

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How North Korea Used Crypto to Hack Its Way Through the Pandemic – The New York Times

More recently, with its borders shut because of the pandemic, and traditional banks strengthening their firewalls against hackers, cryptocurrency theft has become an increasingly vital source of foreign currency for the regime. Its hackers are accused of stealing $571 million from cryptocurrency exchanges between January 2017 and September 2018 and $316 million from 2019 to November 2020. North Korean hackers…

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