The Ontario Securities Commission (OSC) announced on May 15 that two Ontario residents have been charged with offenses under the Criminal Code of Canada as part of Project Swan, a joint investigation by the Durham Regional Police Service (DRPS) and the OSC. Aiden Pleterski, self-proclaimed “Crypto King,” is charged with fraud over $5,000 and laundering […] Source: https://news.bitcoin.com/ontario-crypto-king-faces-major-fraud-and-money-laundering-charges/
The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According to one report, over $7 million was siphoned from Flutterwave following a cyberattack in April. […] Source: https://news.bitcoin.com/nigerian-fintech-firm-flutterwave-confirms-hacking-attempt-says-users-funds-safe/
Two Chinese nationals were charged with orchestrating a large-scale cryptocurrency scam that netted at least $73 million in laundered funds, the U.S. Department of Justice announced on Friday. According to the DOJ, Daren Li, 41, a dual citizen of China and St. Kitts and Nevis, was arrested on April 12 at Hartsfield-Jackson Atlanta International Airport. Yicheng Zhang, 38, a resident…
The French securities regulator, the Autorité des Marchés Financiers (AMF), has issued a renewed warning against using the digital asset platform Bybit. The AMF reminded French investors that Bybit is an unregistered crypto platform operating illegally in the country. The regulator has advised French investors who use Bybit to take all the necessary precautions to […] Source: https://news.bitcoin.com/french-regulator-renews-warning-against-blacklisted-bybit/
On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing. Source: https://cointelegraph.com/news/changpeng-zhao-project-reporting-prison
Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing. Source: https://cointelegraph.com/news/ghana-singapore-digital-economy-token-msme-trade
Ethereum layer-2 solution Blast continues to be a lucrative place to earn money. On Thursday, Twitter user Punk9059—a notable pseudonymous crypto personality—said he had made well over $100,000 worth of crypto primarily from posting two tweets related to the Pacmoon meme coin. “I got paid over $100k for two tweets,” Punk9059 tweeted. “What’s crazy is I had no idea it…
The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges. Source: https://cointelegraph.com/news/alex-labs-freezes-3-9-million-exploited-funds-cexs-after-hack
Morgan Stanley (NYSE:MS) disclosed a substantial stake in Grayscale’s Bitcoin Trust , totaling nearly $270 million as of March 31, according to a recent 13F filing. This investment, along with similar disclosures from banking giants like JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), and UBS (NYSE:UBS), underscores growing institutional interest in cryptocurrency among wealth management clients. It’s worth noting that these holdings…
This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX. Source: https://cointelegraph.com/news/crypto-biz-galaxy-coinshares-q1-results-etfs-blockchain
