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Join the Securities Litigation and Enforcement Group on LinkedInBinance 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 […]
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 […]
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 […]
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 […]
US Senators Push Bill to Make Small Crypto Transactions Tax-Free
Prominent U.S. senators are trying to free Americans from tracking taxes every time cryptocurrencies change hands, introducing a bill that would exempt them from reporting any transactions up to $50 or any trade in which they earn less than $50. Sen. Patrick Toomey (R-Pa.) joined with Kyrsten Sinema (D-Ariz.) to push the exemption from tax […]
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 – […]
‘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 […]