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The Latest Breaking News on Crypto

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets

The Independent UK

FBI says North Korea-backed groups hacked $100 million in crypto

Two hacking groups linked to North Korea were responsible for the theft of $100 million in an attack on a crypto service last year, the Federal Bureau of Investigation said on Monday.

Tribune News Service

North Korea behind $100m crypto theft, FBI says

California-based Harmony said in June it had been the target of a cyberattack that stole $100m worth of digital assets.

Al Jazeera

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Foster claims hackers breach emails

Peter Foster's legal fight over an alleged multimillion-dollar Bitcoin scam faces more delays amid claims hackers have breached privileged legal emails.

AAP

Primaya, Forex-3D link claim

Activist lawyer Achariya Ruangrattanapong on Monday lodged a complaint with the Central Investigation Bureau (CIB) to probe whether there are any links between the Primaya Ponzi scheme and the Forex-3D scam.

Bangkok Post

DWP shares photoshop fails sent by benefit fraudsters claiming to live in UK

One picture shows a man crudely photoshopped outside a front door after being asked to send proof he lived in the UK.

Daily Record

Leeds millionaire, 20, has £100,000 Audi vandalised with very rude insults

Waseem, 20, said he was shocked to see someone had done this

Leeds Live

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Bailout backed to recoup crypto millions

Cryptocurrency firm Digital Surge will survive as creditors vote for a bailout after hours of questions put to administrators by some of the 30,000 investors.

AAP

Photo fails as fraudsters try and fool DWP into giving them benefits

The Department for Work and Pensions (DWP) counter fraud regional office in Newcastle has already saved over £2 billion from correction and prevention of fraud and error in the last year

Daily Mirror

What next for French victims of the FTX cryptocurrency exchange collapse?

The collapse of the FTX cryptocurrency exchange has had repercussions around the globe, with more than a million clients losing money overnight. In France, some 50,000 to 60,000 people were affected. As they look for legal solutions to get their money back, will the victims continue to invest in cryptocurrency?

Radio France Internationale

In 3M military earplugs case, attention now moves to mediation in bankruptcy court

The federal judge in Florida presiding over a mountain of earplug lawsuits against 3M has terminated efforts to mediate a settlement.

Tribune News Service

FTX judge backs firm’s lawyers, rejects last minute ‘rumors’

The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case, concluding that last-minute attacks on the lawyers were mere “rumors.”

Tribune News Service

The Weekly Wrap for Saturday, 21 January 2023

It's time to sit down and talk about Andrew Tate. It may be confusing and embarrassing but it is for your own good.

inkl Originals

Bankman-Fried's lawyers say car hit barricade outside home

A car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried’s parents

The Independent UK

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The Independent UK

Sam Bankman-Fried claims car threatening him crashed into parents’ home

FTX founder under house arrest after being charged with fraud and conspiracy over crypto company’s losses

Tribune News Service

Sam Bankman-Fried’s Stanford professor father is up to ‘his eyeballs’ in son’s legal drama, report says

SAN JOSE, Calif. — More news continues to unfold in the saga of Sam Bankman-Fried and his Stanford Law professor parents, as they together endure the misery of his house arrest, surrounded by 24-hour security, in the family’s home near the Stanford campus.

Reason

Tracers in the Dark by Andy Greenberg

Episode 438 of the Cyberlaw Podcast

The Guardian - AU

NSW Coalition split on cashless gaming as independent warns against regional exemptions

Premier Dominic Perrottet rules out different rules for clubs and pubs in the bush, in contrast to deputy premier Paul Toole

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Birmingham Post

Bank of England Governor in cryptocurrency warning

Andrew Bailey said people holding unbacked crypto could lose all their money while the BoE remains committed to cash

The Guardian - UK

Crypto lender Genesis files for Chapter 11 bankruptcy in US

Firm is latest casualty in sector as cryptocurrencies contagion spreads after FTX collapse

Chicago Tribune

Commentary: Eliminating noncompete contracts will empower employees and entrepreneurship

The Federal Trade Commission has proposed an imminent ban on noncompete contracts. Prohibiting these contracts is an important step toward assuring we still have access to the American Dream. It will help businesses innovate in our tight labor market, ensure workers are not stuck in dead-end jobs and make the…

Evening Standard

Crypto woes intensify after lender Genesis files for bankruptcy

The firm formed part of the empire of billionaire Barry Silbert

AAP

Crypto firm owes creditors more than $78m

Administrators appointed for a Gold Coast cryptocurrency platform do not know where the company's founder is, or exactly how large its debts are.

Al Jazeera

Crypto giant Genesis files for bankruptcy, after FTX collapse

Cryptocurrency lender’s bankruptcy is the latest blow to the sector following the arrest of Sam Bankman-Fried.

AAP

Perrottet rejects regional pokie exception

Premier Dominic Perrottet has dismissed exempting regional clubs from its cashless gaming card rollout, as Nationals MPs call for sensible reform in the bush.

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