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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInHackers Used Deepfake of Binance CCO to Perform Exchange Listing Scams
Hackers and scammers are refining their methods by including more technological tools in their schemes. Binance chief communications officer (CCO), Patrick Hillmann, reported last week about a new and sophisticated way in which attackers have used his image to perform a listing scam operation. Hillmann stated that hackers managed to program an AI (artificial intelligence) […]
Two Accomplished Litigators Join Paul, Weiss in New York
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Robert Y. Sperling and Staci Yablon have joined the firm as partners in the Litigation Department, resident in New York. Mr. Sperling is an accomplished trial lawyer with over four decades of experience defending clients in complex securities, antitrust and commercial litigation and advising the […]
Former CFTC Chair: Here’s How SEC and CFTC Can Work Together to Regulate Crypto
Former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad said current gaps in crypto regulation can be filled if the Securities and Exchange Commission (SEC) and the CFTC come together to form a self-regulatory organization (SRO). Massad, now a research fellow at Harvard University’s School of Government, told CoinDesk TV on Monday that as it […]
No Safety Net From Crypto Collapses, German Regulator Warns
Investing in cryptocurrencies could mean you lose all your money because there’s no state-sponsored protection, Germany’s financial regulator BaFin said Monday, in a toughening of previous warnings to retail investors. *** If trading platforms or wallet providers turn south or go bust, “there is no protection covering customer losses, such as deposit guarantee schemes or […]
Andreessen Horowitz Says Crypto Can Shift Power Away From Big Internet Companies: Report
Chris Dixon, the founder of Andreessen Horowitz’s (a16z) crypto arm, said the venture capital firm sees Web3 and cryptocurrencies as having the ability to disrupt the power imbalance created by big internet companies such as Facebook and Twitter. In an interview on FT’s Tech Tonic podcast, Dixon said that power on the internet is currently […]
Coinbase Faces Class Action Lawsuit Over Alleged Lapses in Security
Coinbase failed to properly secure customers’ accounts, leaving them vulnerable to theft and unauthorized transfers, a putative class action lawsuit filed against the crypto exchange last week alleges. The complaint, filed in the U.S. District Court for the Northern District of Georgia, also accuses the company of causing financial harm to users by locking them […]
Meme-Stock Vacation Is Over – Bloomberg
The associate bought the options, and then this allegedly happened: L. Palmer later reimbursed his former business associate for $1,000 of the funds used to purchase the put options. In the memo section of the check, L. Palmer wrote the words “Blue Horseshoe.” “Blue Horseshoe” was an apparent reference to Michael Douglas’s instruction to Charlie […]
‘Hating ESG’: Advocates Rethink Sustainable Label as Culture Wars, DeSantis Bite – Bloomberg
Oxford’s Eccles, who was also the founding chairman of the Sustainability Accounting Standards Board, defends the concept of ESG, even if he thinks the label has run its course. Instead, he says he’s happy to talk about “material risk factors.” “I know it’s a boring term, but it’s accurate,” he said. “We never have to […]