US House Financial Services subcommittee looks for answers on crypto and crime
Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation. Go to Source
Crimes
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Australian regulators will compel businesses to report cyberattacks: Report
This obligation won’t be backed by a fine if the company fails to comply, and businesses will still be permitted to pay ransoms, though this is discouraged. Go to Source
China declares stealing digital collections like NFTs liable for criminal theft sentence
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. Go to Source
Can crypto Privacy Pools help balance privacy and regulation?
When it comes to privacy and regulation, could Vitalik Buterin’s Privacy Pools be the answer? Go to Source
SafeMoon addresses recent exploits amid SEC charges
SafeMoon says it is closely examining the recent developments and will work to resolve the situation promptly. Go to Source
October sees a comparative lull in crypto crime with losses of $32.2M: CertiK
There is no clear downward trend in crypto crime, but a quiet month is undoubtedly more than welcome in the Web3 community. Go to Source
Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report
Assistant U.S. Attorney Danielle Sassoon grilled the former FTX CEO in court on his knowledge of FTX user deposits and the retention of communication records. Go to Source
Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report
The former FTX CEO took the stand for the first time in his criminal trial, but without members of the jury present. Go to Source
Prosecutors rest their case as Sam Bankman-Fried prepares to testify
Defense lawyers representing SBF called two witnesses, a Bahamas-based attorney and an expert from a litigation consulting firm, before the former FTX CEO’s testimony. Go to Source
UK passes bill to enable authorities to seize Bitcoin used for crime
Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023. Go to Source
