Investor losses legal battle against Bithumb for 2017 data breach incident
According to news agency Yonhap, Bithumb will not have to repay a crypto investor who allegedly lost $401,000 as a result of a 2017 data breach suffered by the firm. …
Darknet, cryptocurrency and two intersecting health crises
While the precise origin of the COVID-19 pandemic is unknown, it has infected more than 30 million people, with almost 1 million confirmed to have died from it as it …
Crypto crimes are no excuse for taking away digital asset fungibility
The modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many …
Russian ministry proposes criminal charges for failure to report crypto tax
Russia’s Ministry of Finance is continuing to push regulations for the cryptocurrency industry by proposing new tax requirements. The ministry now reportedly wants to introduce criminal liability for failure to …
Former government contractor avoids jail for mining crypto at work
A former government contractor in Australia who mined crypto using state-owned supercomputers has avoided jail time. According to The Sydney Morning Herald, Jonathan Khoo was ordered to complete 300 hours …
Illicit crypto transactions are getting more attention from the government
The COVID-19 pandemic has forced governments worldwide to focus on bringing blockchain technology to their financial services, along with the needed regulatory upgrades to keep the burgeoning fintech industry clean. …
Police summon Bithumb chairman for questioning over alleged fraud
The drama over alleged fraud involving Bithumb’s senior executives continues as the company’s chairman has reportedly been summoned for interrogation. The Seoul Metropolitan Police Agency is purportedly seeking to question …
Binance will ‘do what they can’ to help recover funds stolen in yesterday’s $5M Eterbase hack
Eterbase, a Slovakia-based crypto exchange, was recently the victim of a $5M hack. According to an update from Eterbase, some of these funds appear to have ended up on a …
Singapore man pleads guilty to stealing $360K in fake Bitcoin sale
A major suspect in a high-profile theft case related to Bitcoin (BTC) trading has pleaded guilty in a Singaporean court. Syed Mokhtar Syed Yusope, an accomplice in a $360,000 robbery, …
Major Chilean bank shuts down all branches following ransomware attack
Banco Estado, the only public bank in Chile and one of the three largest in the country, had to shut down its nationwide operations on Monday due to a cyberattack …