Skip to main content

CRYPTO FRAUD: US DoJ - Binance and CEO Plead Guilty to Federal Charges in $4B Resolution

Thursday, 23rd November 2023

CRYPTO FRAUD: US DoJ - Binance and CEO Plead Guilty to Federal Charges in $4B Resolution
Syndicated By: IainFraser.net/CyberPRWire
Daily Cybersecurity PRWire

Binance Admits It Engaged in Anti-Money Laundering, Unlicensed Money Transmitting, and Sanctions Violations in Largest Corporate Resolution to Include Criminal Charges for an Executive Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to register as a money transmitting business, and the International Emergency Economic Powers Act (IEEPA).

Binance’s founder and chief executive officer (CEO), Changpeng Zhao, a Canadian national, also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, in violation of the BSA and has resigned as CEO of Binance.

Binance’s guilty plea is part of coordinated resolutions with the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) and the U.S. Commodity Futures Trading Commission (CFTC). Learn More /...

Cybersecurity Journalist


Labels:
Location: Gibraltar

Comments

Post a Comment

Popular posts from this blog

CYBER BREACH: Data Breach Exposed Thousands of Pet Medical Records Including Owner Information

Tuesday, 5th December 2023 CYBER BREACH: Data Breach Exposed Thousands of Pet Medical Records Including Owner Information By Jeremiah Fowler - Website Planet  Syndicated By IainFraser.net/CYBER_Voice Daily Cyber Insights  Cybersecurity Researcher, Jeremiah Fowler, discovered and reported to WebsitePlanet about a non-password protected database that contained over 56,000 records, including pet medical reports, DNA tests, pedigree history and other potentially sensitive information. As a long-time cyber security researcher, this is one of the most interesting discoveries I have ever encountered and a first for me.  I recently discovered a non-password protected database that contained records of thousands of dogs from around the world and included the information of their human owners. The publicly exposed cloud storage database contained a total of 56,624 documents in .PDF, .png, and .jpg formats with a total size of 25 GB. Upon further investigation, the database appeared...
Post a Comment
Learn More »

EUROPOL: International operation closes down Piilopuoti dark web marketplace

EUROPOL: International operation closes down Piilopuoti dark web marketplace  Syndicated By: Iain Fraser Cybersecurity Journalist Gibraltar - PRWire Channel IainFraser.net/PRWire Thursday 21st September 2023 In a significant victory against dark web criminals, the Finnish Customs (Tulli), together with European partners, has successfully taken down the dark web marketplace ‘Piilopuoti’.  Drugs and other illegal commodities were sold in large quantities on this Finnish-language platform which had been operating on the Onion Router (Tor) network since May 2022.  This successful action by the Finnish Customs was supported, among others, by the German Federal Criminal Office (Bundeskriminalamt) and the Lithuanian Criminal Police Bureau (Lietuvos kriminalinės policijos biuras). Europol’s European Cybercrime Centre coordinated the international activity and provided operational support and technical expertise.  The investigation is still ongoing as law enforcement worldwi...
Post a Comment
Learn More »

CYBER THREAT INTEL: AI - UK & US Spooks publish AI Development Guidance

Tuesday, 28th November 2023 CYBER THREAT INTEL: AI - UK & US Spooks publish AI Development Guidance Posted by: Iain Fraser - Cybersecurity Journalist Gibraltar via IainFraser.net/ Daily Cyber Insights CYBER THREAT INTEL: AI - UK & US Spooks publish AI Development Guidance The UK NCSC & US CISA have joint-published what they term as "security-focused guidance" for AI & ML developers and those who leverage AI/ML with their protocols and systems.  The Publication of Guidelines for Secure AI System Development (PDF),  apply to all types of AI/ML systems, regardless of whether built from wireframe up or added as a bolt-on on third-party resources, to address issues related to AI, cybersecurity, and critical infrastructure. Devised to be used in conjunction with existing Cybersecurity, Incident Response and Cyber Risk-Management protocols. The NCSC and CISA have said “Providers should implement security controls and mitigations where possible within their mode...
Post a Comment
Learn More »