Crypto / Digital Assets

Enforcement

S. Korean Police Confirm DPRK’s Role in 2019 Upbit Theft

By Mark Johnston | 25/11/2024

North Korean hackers stole 342,000 Ethereum tokens from Upbit in 2019. At today’s prices the tokens would be worth over $800mn.

Crypto / Digital Assets

ZA Bank Launches Crypto Trading Services for Retail Clients

By Sanday Chongo Kabange | 25/11/2024

Leveraging a partnership with HashKey Exchange, ZA Bank has become the first bank in Asia to offer virtual asset trading services to retail users.

Crypto / Digital Assets

Former CSRC Official Found Taking Bribes Via Cryptocurrency

By Nithya Subramanian | 23/11/2024

The CCDI said Yao Qian abused his authority to benefit specific technology providers and “used virtual currency to trade power for money”.

Crypto / Digital Assets

Australia Consults on Adopting Tax Reporting Framework for Crypto

By Nithya Subramanian | 22/11/2024

The consultation explores policy options, compliance timelines, and strategies to ensure transparency and tackle tax evasion in the crypto market.

Fintech / Regtech

Goldman Sachs to Make GS DAP Platform “Industry-owned”

By Nithya Subramanian | 22/11/2024

Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.

Crypto / Digital Assets

Former FTX CTO Gary Wang Sentenced, Avoids Prison Term

By Nithya Subramanian | 21/11/2024

Wang’s assistance had helped convict Sam Bankman-Fried. He even built a software programme to help the DOJ detect fraud in financial markets.

Crypto / Digital Assets

US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’

By Nithya Subramanian | 21/11/2024

Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.

Crypto / Digital Assets

Nasdaq Launches Options Trading on BlackRock’s Bitcoin ETF

By Editors | 20/11/2024

On the first day of trading, the options contract saw a record-breaking $1.9bn in notional exposure and drove Bitcoin to an all-time high.

AML / KYC

US Court Jails Bitfinex Hacker for Laundering Stolen Bitcoin

By Nithya Subramanian | 19/11/2024

Ilya Lichtenstein was sentenced to five years in prison and his wife to 18 months for their roles in the 2016 Bitfinex hack.