Investigations – DIGIT INFO

Singapore’s Parliament Addresses Worldcoin Account Misuse and Privacy Risks

DIGIT — Wed, 11 Sep 2024 05:30:13 +0000

Singapore’s Deputy Prime Minister Gan Kim Yong addressed concerns in Parliament regarding the risks of Worldcoin’s operations in Singapore, including potential money laundering through the sale of accounts. He emphasized that although Worldcoin does not perform a payment service under current laws, buying or selling accounts may constitute a violation. Investigations are ongoing, and the […]

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Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials

DIGIT — Tue, 28 Mar 2023 17:30:56 +0000

Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against Sam Bankman-Fried Sam Bankman-Fried (SBF), the co-founder and former CEO […]

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Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

DIGIT — Fri, 17 Feb 2023 08:30:02 +0000

PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and it also noted that there is “little distinction between what represents potentially client monies […]

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SEC-retly Failing: How the SEC Is Letting Crypto Down

DIGIT — Thu, 16 Feb 2023 08:30:32 +0000

When Gary Gensler (ex-Goldman Sachs investment banker) was announced as the new head of the Securities and Exchange Commission (SEC) in February 2021, the crypto industry saw a glimpse of hope. After all, the man in charge of regulating the industry was a “crypto native,” having taught a course on the subject at MIT. However, […]

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Binance readies checkbook for potential fines from US regulators: Report

DIGIT — Thu, 16 Feb 2023 04:44:37 +0000

The world’s largest crypto exchange wants to resolve outstanding investigations with U.S. regulators.

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Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

DIGIT — Mon, 19 Dec 2022 07:00:45 +0000

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian Investigators Should Have Cryptocurrency Wallets Russian prosecutors are convinced that investigative […]

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Crypto Exchange FTX Fires 3 Top Executives, Report Reveals

DIGIT — Sat, 19 Nov 2022 13:00:13 +0000

Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted Troubled cryptocurrency exchange FTX has […]

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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

DIGIT — Wed, 16 Nov 2022 12:30:05 +0000

The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation […]

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Investors are loving SEC’s crypto industry crackdown, according to survey

DIGIT — Tue, 25 Oct 2022 06:04:42 +0000

Critics have called out the SEC’s “regulation by enforcement” tactics, but to some investors, it’s a positive sign they’re seeing to invest in digital assets.

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Germany Shuts Down Hydra Market, Seizes Servers and Bitcoin

DIGIT — Tue, 05 Apr 2022 20:30:28 +0000

Law enforcement agencies in Germany have targeted Hydra, a leading darknet market (DNM). As part of an operation conducted with U.S. support, the German police were able to establish control over the servers of the Russian-language platform in the country and take down its website. Investigators Hit Hydra in Germany, Confiscate Millions in Crypto Hydra […]

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