China's central bank reaffirmed its stance on crypto, calling virtual currency activity illegal and saying stablecoins fail KYC and anti-money-laundering rules
Michael Arrington says Coinbase's recent data breach “will lead to people dying”, calls for KYC rules reassessment and prison for execs failing to protect users
The founder of online news publication TechCrunch has claimed that Coinbase's recent data breach “will lead to people dying …
Orlando-based Worth, whose tech lets fintechs, banks, and enterprises underwrite SMBs by automating KYC, fraud verification, and more, raised a $20M seed
Mary Ann Azevedo / TechCrunch :
Hacking group GhostR claims it stole 5.3M records from World-Check screening database, used for KYC checks for sanctions and financial crime links, in March
The group told TechCrunch they stole the data last month from a Singapore-based firm with access to the World-Check database. — The database is used for security clearances in the public and private...
The US DOJ charges crypto exchange KuCoin and two co-founders with violating anti-money laundering laws, failing to register with the US government, and more
a big crypto exchange—charged criminally https://www.justice.gov/... @cftc : .@CFTC Charges KuCoin with Operating Illegal Digital Asset Derivatives Exchange: https://www.cftc.gov/... @tmnxeq : this co...
MoneyGram plans to launch a non-custodial wallet in Q1 2024, letting users move funds between fiat and USDC, limited to ~40 countries with a digital KYC process
Leo Schwartz / Fortune :
Hackers access some customer data at FTX, Genesis, and BlockFi by SIM swapping an employee of Kroll, which manages creditor claims for the bankrupt companies
We were recently informed that on Saturday, August 19, 2023 … Bill Toulas / BleepingComputer : Kroll data breach exposes info of FTX, BlockFi, Genesis creditors Pierluigi Paganini / Security Affairs :...
The US Treasury warns that DeFi services that aren't compliant with AML and terrorist financing rules pose “the most significant current illicit finance risk”
US Treasury Damilola Lawrence / Cryptopolitan : U.S Treasury report reveals how North Korea and criminals use DeFi services to facilitate money laundering Florence Muchai / Cryptopolitan : US Treasury...
Messages in Binance's public chatrooms show some employees and support volunteers helping customers bypass China's crypto ban, including evading its KYC checks
- Binance founder Changpeng “CZ” Zhao has touted the exchange's know-your-customer systems, known as KYC, as a billion-dollar effort.