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French authorities have been investigating Binance since February 2022
French authorities have been investigating Binance for multiple alleged infractions since February 2022, according to a local news report. The Paris public prosecutor’s office told local media that the investigation against the largest crypto exchange is two-pronged. First, authorities are looking into whether Binance solicited French users and thereby operated without a license in the…
Do Kwon’s detention extended six months by Montenegrin court
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Marathon Digital issues fraudulent activity alert over fake Russian stock certificates and other related scams
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Bahamian court orders review of US charges filed after SBF’s extradition
Sam Bankman-Fried (SBF) won a small victory in a Bahamian court on June 13. The court temporarily blocked the Bahamas attorney general from consenting to charges added to SBF’s U.S. indictment after his extradition in December 2022, Bloomberg reported. The U.S. prosecutors added four new charges to the previous eight counts of fraud charges in…
Ex-SEC executive says U.S. DOJ likely to bring criminal charges against Binance
Binance’s legal troubles are set to worsen, believes John Reed Stark, former chief of the Securities and Exchange Commission (SEC) Office of Internet Enforcement. As per Stark, the U.S. Department of Justice is likely working behind the scenes to bring criminal charges against Binance and its executives. In March, Binance and its CEO, Changpeng Zhao,…
North Korean hackers used shadow IT workers to carry out crypto heists
North Korea has built a shadow workforce consisting of thousands of IT workers, according to U.S. officials. This shadow workforce is linked with North Korea’s cybercrime operations and is used to carry out massive crypto hacks, The Wall Street Journal reported on June 11. For instance, these shadow workers targeted a Sky Mavis engineer last…
US DOJ charges 2 Russians with laundering over 600K Bitcoin
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Elizabeth Warren asks DOJ to investigate Binance’s statements to Congress
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Restless Atomic Wallet hack victims express frustration over lack of updates
Atomic Wallet users expressed frustration with the lack of updates since its hack on June 3. A recent Reddit post highlighted the state of user sentiment, with the OP asking multiple questions, including “What is really happening?” and “What went wrong?” The OP’s annoyance at being left in the dark boiled over into speculation the…