Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region.
Law news
While the UAE central bank has given a significant regulatory nod to a new stablecoin, an FTX customer sued hedge fund Olympus Peak over its alleged profits from the exchange’s meltdown.
TD Bank facilitated more than $1 billion worth of bank transfers from two international crypto platforms, according to FinCEN.
USI-Tech’s former CEO Horst Jicha was placed under home detention in New York on a $5 million bond guaranteed by his partner and children before fleeing.
South Korean law allows spouses to claim cryptocurrency and Bitcoin holdings during divorce proceedings, recognizing them as marital assets, law firm says.
Investors in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects.
Prosecutors said Bitfinex hacker Heather Morgan should receive a lenient jail sentence because she provided “substantial assistance” to the government.