Financial regulator asks New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon in civil fraud case
News fraud
Sam Bankman-Fried Appeals FTX Fraud Sentence Of 25 Years
Disgraced crypto billionaire and former FTX CEO Sam Bankman-Fried appeals 25 prison sentence for masterminding huge fraud
Google Sues Alleged Crypto Scammers
Google sues two alleged scammers who uploaded 87 different fraudulent apps to Play Store to support romance fraud
FTX’s Sam Bankman-Fried Sentenced To 25 Years In Prison For $8bn Fraud
Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that brought down FTX
Binance Executive Evades Nigerian Custody
One of two Binance executives arrested in Nigeria in February evades custody as government files formal tax-evasion charges against crypto giant
Bankman-Fried Deserves Up To 50 Years In Jail, Prosecutors Say
Ahead of sentencing prosecutors argue ex-FTX boss Sam Bankman Fried deserves up to 50 years in jail, while his lawyers push for 6 1/2
SEC Chairman Calls For AI Caution, Cites Financial Stability Risk
Gary Gensler urges companies to be cautious over rushing onboard the AI hype train and points out its risk for fraud and financial stability
UK Police Holding Bitcoin Worth £1.4 Billion – Report
One of the world’s largest asset seizures saw British police in 2018 seize four devices containing more than 61,000 bitcoin
Crypto Firm Terraform Labs Files For Bankrupcy In US
Terraform Labs, company behind failed Luna and TerraUSD crypto tokens, files for bankruptcy as it faces legal charges in US and Singapore
Apple Settles Lawsuit Concerning iTunes Gift Card Scam
Agreement reached with Apple to settle a lawsuit that alleged it knowingly let scammers exploit iTunes gift cards, and kept stolen funds
UK Government, Tech Giants Agree To Tackle Online Fraud
Series of pledges from big name tech firms in agreement with UK government to protect people from online fraud
Terra Co-Founder Do Kwon To Be Extradited
Court in Montenegro approves extradition of 'cryptocurrency king' Do Kwon, but to which country? South Korea or United States?
Sam Bankman-Fried Found Guilty On All Charges
Former crypto billionaire Sam Bankman-Fried found guilty of all charges for his role in the collapse of FTX and Alameda Research
Bankman-Fried Says He Acted On Legal Advice
FTX founder and former CEO Sam Bankman-Fried testifies lawyers were involved in his key decisions at bankrupt exchange
Caroline Ellison Testifies Against FTX’s Sam Bankman-Fried
US star witness Caroline Ellison testifies she and former boss and boyfriend Sam Bankman-Fried defrauded customers, investors, lenders
FTX’s Sam Bankman-Fried Sued For More Than $1Bn
FTX files lawsuit against former CEO, seeking to recoup more than $1 billion, and alleging funds were used to cover his legal defence
Stability AI Co-Founder Says He Was Tricked Into Selling Stake For $100
Stability AI co-founder alleges company boss convinced him his stake in $1bn firm was 'essentially worthless'
FCA CEO Warns Of AI Disruption To Financial Services Sector
Head of financial regulator warns of threat posed by AI for online fraud and cyber risk, as UK seeks leadership for AI rules
Amazon Uses AI To Track Down Fake Reviews
Amazon introduces new AI tools to track down fake reviews, tests generative AI to summarise users' comments
Bail Rescinded For Terra Co-Founder Do Kwon
Higher court in Montenegro rescinds 800,000 euro bail for Do Kwon due to flight risk concerns, after US and South Korean charges
Criminal Website Genesis ‘Still Online’ After Takedown
Hacking website Genesis Market continues to operate on dark web a month after international operation took down mainstream site
Silicon UK Pulse: Your Tech News Update: Episode 2
Welcome to Silicon UK Pulse – your roundup of the latest tech news and developments impacting your business for the week ending 12/05/2023.
Apple Co-Founder Wozniak Warns Over AI Misuse
AI is likely to be misused by 'bad actors' to spread fraud and misinformation and must be regulated, says Apple co-founder Steve Wozniak
Truecaller To Offer WhatsApp Caller ID As Scams Surge
Caller ID app Truecaller to offer service on WhatsApp, other messaging services as telemarketers, scammers switch to internet calls
Banks Warn Of Sharp Rise In Online Fraud
Banks warn of surging fake sale listings, impersonation and investment scams with many scams originating on social media
Celebrities Lose Blue Ticks, As Twitter Purges Legacy Verified Accounts
Well known celebrities and public figures lose legacy blue tick verification status, as Ricky Gervais etc mock Elon Musk's move
Sam Bankman-Fried Pleads Not Guilty To Additional Charges
Court appearance for former head of FTX, who pleads not guilty to five additional charges from US federal prosecutors
Crypto Investment ‘Scam’ Defrauds Thousands Of Users
Crypto trading app iEarn Bot appears to be massive scam drawing in thousands of investors in multiple countries, report finds
Former FTX Engineer Pleads Guilty To Fraud Charges
Former engineering director of collapsed cryptocurrency firm FTX has pleaded guilty to six criminal charges, including fraud
FTX’s Sam Bankman-Fried Ordered Back To Court, After VPN Use
Federal judge unhappy that FTX's Sam Bankman-Fried used virtual private network (VPN) whilst under house arrest