Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation
Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly […] Powered by...
Ex-Mangamura Owner Must Pay $11m to Publishers; He Says He Won’t
From a standing start in 2016, manga piracy site Mangamura (Manga Village) took just two years to become the largest site of its type and the single largest online piracy threat Japanese publishers had ever encountered. Publishers including Shogakukan, Kadokawa, and Shueisha, and their anti-piracy partner CODA, estimated that in its relatively brief time online, Mangamura had caused a staggering $2.91 billion in losses. In April 2018,...
Big Tech Says Spy Bill Turns Its Workers Into Informants
One of Silicon Valley’s most influential lobbying arms joins privacy reformers in a fight against the Biden administration–backed expansion of a major US surveillance program. Powered by WPeMatico
Hackers Linked to Russia’s Military Claim Credit for Sabotaging US Water Utilities
Cyber Army of Russia Reborn, a group with ties to the Kremlin’s Sandworm unit, is crossing lines even that notorious cyberwarfare unit wouldn’t dare to. Powered by WPeMatico
Binance Set to Re-Enter Indian Market With $2 Million Fine Settlement
Binance and nine other foreign crypto exchanges were originally blocked in India due to non-compliance with the country’s Anti-Money Laundering (AML) regulations, but Binance is set to return after a four-month absence by paying a $2-million fine, according to The Economic Times. The Indian Financial Intelligence Unit (FIU) mandated that foreign crypto exchanges, including Binance, […] Powered by...
