Telegram CEO Pavel Durov was reportedly unaware of an arrest warrant issued against him in France, according to a source from the Paris prosecutor’s office. The French investigation was not linked to any U.S. actions. Neither President Emmanuel Macron nor the French foreign ministry were informed in advance of Durov’s arrest or presence in France.…
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Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail Vasiliev, a dual citizen of Canada and Russia, were identified as members of the Lockbit group. Active since January 2020, this group…
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Montenegro’s minister of justice will make the final decision on Do Kwon’s extradition to either South Korea or the United States. The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States. The High Court of Podgorica has determined…
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A spokesperson for the Nigerian Police Force said that Wilfred Bonse, a Nigerian politician, has been arrested for the theft, the conversion of cryptocurrency wallets, and the unauthorized fund diversion from Patricia Technologies. The Nigeria Police Force (NPF) said it has arrested one politician, Wilfred Bonse, for the theft of over 200 million naira ($246,153)…
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The U.S. Justice Department, Treasury and CFTC reportedly plan to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21. A federal court has released the indictments against Binance and CEO Changpeng “CZ” Zhao filed under seal on Nov. 14, in which the United States government said it…
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According to prosecutors, Lee Jeong-hoon intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might face an eight-year prison sentence, with a verdict scheduled for Jan. 18, 2024.…
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Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation. The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit…
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This obligation won’t be backed by a fine if the company fails to comply, and businesses will still be permitted to pay ransoms, though this is discouraged. Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021. …
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The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences. It outlines three views on…
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SafeMoon says it is closely examining the recent developments and will work to resolve the situation promptly. Decentralized finance project SafeMoon, which was charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud, has said that it is closely examining recent developments and will work to resolve the situation…
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