Daily Archives: July 26, 2022, 8:37 am

Binance CEO Sues Bloomberg’s Hong Kong Partner for Defamation

Zhao demanded a retraction, called for the edition’s removal from newsstands and for a restraining order to stop the defendants from further spreading the portrayal; Modern Media has already obliged in part. He separately filed a motion for discovery against Bloomberg L.P. and Bloomberg Inc. in the U.S. District Court for the Southern District of New York, over “defamatory allegations”…

Read More

SEC Seeks More Details From Companies on Russia-Linked Losses, Risks – WSJ

The SEC, between March 9 and Friday, has sent at least 39 letters to 16 companies asking about the war’s impact, according to research firm Audit Analytics. It also questioned nine funds, including exchange-traded funds and mutual funds. The regulator last year sent a total of 1,140 letters to U.S.-listed companies with questions about their financial reporting, down 19.1% from…

Read More

CEO of Titanium Blockchain Pleads Guilty in $21 Million Cryptocurrency Fraud Scheme | Department of Justice

The CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS) pleaded guilty Friday for his role in a cryptocurrency fraud scheme involving TBIS’s initial coin offering (ICO) that raised approximately $21 million from investors in the United States and overseas. According to court documents, Michael Alan Stollery, 54, of Reseda, California, was the CEO and founder of TBIS, a purported cryptocurrency…

Read More

Coinbase Faces SEC Investigation Over Cryptocurrency Listings – Bloomberg

Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities, according to three people familiar with the matter. The US Securities and Exchange Commission’s scrutiny of Coinbase has increased since the platform expanded the number of tokens in which it offers trading, said two of the…

Read More

US Rep. Josh Gottheimer Proposes $3M Boost to Treasury’s Crypto Crime-Fighting Unit

U.S. Congressman Josh Gottheimer (D-N.J.) has proposed an amendment to the federal budget bill that would give the Treasury Department an additional $3 million to fight crypto-related crime in fiscal 2023. Gottheimer has proposed that the Treasury’s Office of Terrorism and Financial Intellience – the unit tasked with overseeing crypto crime and ransomware attacks – could use the money to…

Read More

‘Cryptojacking’ in Financial Sector Has Risen 269% This Year, SonicWall Says

The number of “cryptojacking” cases across the financial sector has risen by 269% in the first half of 2022, according to a report by cybersecurity firm SonicWall. Cryptojacking is a type of cyberattack where hackers implant a piece of software on a victim’s computer that mine cryptocurrencies. Victims are often unaware of the exploit, which has contributed to the rise…

Read More