Crypto Hacking Thefts Double to $1.4B in First Half 2024 July 8, 2024 By Elizabeth Howcroft The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a...
Growing Reliance on Big Tech for AI Carries New Risks, Banks Say June 7, 2024 By Elizabeth Howcroft The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry,...
Blockchain Analysts Suspect N. Korea-Linked Hackers Behind $70M Crypto Theft September 18, 2023 By Elizabeth Howcroft and Raphael Satter Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says...
UK Insurer Aviva to Sell Singlife Joint Venture Stake for $1 Billion September 13, 2023 By Elizabeth Howcroft Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to...
Crypto Ransomware Attacks Rise in First Half of 2023: Chainalysis July 18, 2023 By Elizabeth Howcroft Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged...
Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud July 13, 2023 By Niket Nishant, Hannah Lang and Elizabeth Howcroft Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a...
Britain’s Finance Ministry Issues Draft Rules to Regulate Cryptoassets February 2, 2023 By Huw Jones and Elizabeth Howcroft Britain’s finance ministry laid out its first set of rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the...
Crypto Crime Hits Record $20B in 2022, Report Says January 12, 2023 By Elizabeth Howcroft Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed,...
Binance’s Books Are Black Box, Filings Show, as Crypto Giant Tries to Rally Confidence: Reuters December 19, 2022 By Tom Wilson, Angus Berwick and Elizabeth Howcroft The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a...
Collapsed Crypto Exchange FTX Flags Millions of Dollars of Unauthorized Transactions November 14, 2022 By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and...