SEC S OFFICE OF INTERNET ENFORCEMENT
US cyber crimes: Overseas scammers are swiping billions from Americans every year, and getting away with it
Scammers are stealing billions from Americans yearly, exploiting technology and targeting older adults. Sophisticated fraud schemes overwhelm law enforcement and rarely lead to prosecution. With elder fraud complaints rising, experts call for coordinated efforts from private industries and the government to combat this escalating crime wave effectively.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
Robinhood Crypto gets Wells notice from US SEC
The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing.
Will Ethereum's classification as a security disrupt Web3 innovation?
The potential security classification of Ethereum by the SEC poses challenges for Web3 innovation. Regulatory uncertainties, including the impact on dApps and decentralization, could shape the future of the crypto space and influence global blockchain regulations.
Future Gaming’s Santiago Martin: Under ED, I-T’s lens for a decade, this 'Lottery King' bought electoral bonds worth Rs 1,368 cr
ELECTORAL BONDS: Future Gaming and its CEO Santiago Martin, dubbed the 'Lottery King', have drawn attention for purchasing electoral bonds worth Rs 1,368 crore. The company, with interests spanning healthcare to gambling, has faced scrutiny from investigative agencies for alleged financial fraud and money laundering since 2011, despite its substantial turnover.
US SEC blames 'SIM swapping' for its X account hack
The U.S. Securities and Exchange Commission (SEC), a Wall Street regulator, revealed that its social media account on the platform X was hacked using the SIM swapping technique. The SEC had removed multi-factor authentication (MFA) six months prior to the attack and reinstated it only after the incident.
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US Bitcoin ETFs see $4.6 billion in volume in first day of trading
The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets - still viewed by many professionals as risky - can gain broader acceptance as an investment.
US bitcoin ETFs see $4.6 billion in volume in first day of trading
The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets - still viewed by many professionals as risky - can gain broader acceptance as an investment.
US FBI, SEC join probe of fake social media post from regulator
The fake post on Tuesday said the SEC had approved trading of spot bitcoin exchange-traded funds (ETFs), sending industry executives scrambling.
SEC account hack renews spotlight on X's security concerns
Hackers posted false news about a widely anticipated announcement the SEC was expected to make about bitcoin, leading the cryptocurrency's price to spike and alarming observers.
Fact vs fiction: Beware! Internet is rife with Israel vs Hamas fake news
The onset of the Hamas attack on Israel has given rise to rampant misinformation regarding the Israel-Palestine conflict on social media.
Why Elon Musk might lose his latest battle with the SEC over Twitter probe
SEC sued Musk in 2018 and again in 2019 in relation to a tweet he sent saying that he had funding secured to take his electric carmaker Tesla private. The 2018 lawsuit was quickly settled on the condition that lawyers vet Musk's future tweets. The 2019 lawsuit by the SEC trying to enforce that deal did not go their way.
Why the SEC might win its latest battle with Elon Musk
The U.S. Securities and Exchange Commission (SEC) has asked a federal court to force Elon Musk to testify for its investigation into his takeover of Twitter. This is the third time the SEC has taken Musk to court, with previous lawsuits related to tweets he made about Tesla. Former SEC officials believe the SEC is on solid ground in this case, as the law is clear-cut regarding investigative demands. If Musk defies the court, he could face fines or even jail time. The SEC is investigating whether Musk broke securities laws in 2022 when he bought stock in Twitter. Musk has objected to testifying, claiming harassment.
Influential US crypto industry leaders say SEC overstepped with Binance allegations
Paradigm filed an amicus brief in support of Binance’s recent move to dismiss the case. The crypto fund said in its filing that the SEC has pursued “an incoherent approach” to regulating cryptoassets, and that those attempts were premised on a “mistaken assertion” that crypto falls within the remit of existing laws
US FCC chair Jessica Rosenworcel proposes to restore net neutrality rules
The move comes after Democrats took majority control of the five-member FCC on Monday for the first time since President Joe Biden took office in January 2021.
Ripple ruling: Crypto firms facing US SEC charges find hope in verdict, look to fight back
Thursday's ruling that Ripple Labs Inc did not violate securities law by selling its XRP token on exchanges was the first major setback for the SEC in a decade of enforcement against the cryptocurrency industry.
US court rules in favour of Ripple Labs in SEC case over XRP cryptocurrency
The ruling by US District Judge Analisa Torres was the first win for a cryptocurrency company in a case brought by the US Securities and Exchange Commission -- though it did also give the SEC a partial victory.
Cboe refiles Fidelity bitcoin ETF application, plans Coinbase policing partnership
Exchange operator Cboe has refiled its application with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund (ETF) in partnership with Fidelity. Cboe will work with crypto exchange Coinbase to prevent market manipulation. The SEC had raised concerns about Cboe's previous filing and its lack of clarity. The exchange also refiled listing applications for bitcoin ETFs by WisdomTree, VanEck, and a joint effort by Invesco and Galaxy. The recent filings by BlackRock and Fidelity for bitcoin ETFs have boosted the price of bitcoin. The SEC has rejected numerous spot bitcoin ETF applications in the past.
Binance under investigation in France for illegal canvassing: report
The reported investigation follows various setbacks for Binance including a June 5 decision by the US Securities and Exchange Commission (SEC) to charge the company with evading securities laws. Binance disputes the SEC charges.
US clampdown has crypto kings looking abroad
Earlier this month, Wall Street's regulator, the Securities and Exchange Commission, pressed a raft of charges against Binance, the world's biggest cryptocurrency exchange, and US-based Coinbase.
US clampdown has crypto kings looking abroad
The United States financial regulators have stepped up pressure against cryptocurrency companies, with the Securities and Exchange Commission (SEC) charging Binance and Coinbase for selling unregistered securities and failing to register as brokers. Crypto defenders argue that regulations do not fit the likes of Bitcoin or Ethereum and cause uncertainty and confusion. Crypto companies have been caught between "a turf war" as they wish for clear regulation, but political gridlock has stalled any progress. The clampdown could lead to crypto-based companies having to move to more receptive jurisdictions. In March, the White House called cryptocurrencies "too risky" and not an effective alternative to fiat currency.
Andreessen Horowitz to open first international office in London led by Sriram Krishnan
The London office, set to open later this year, will work with universities in the UK and support the development of blockchain technologies and startups, the company said in a statement, adding that it will be led by one of the firm's general partners, Sriram Krishnan.
Crypto companies made 'calculated' decision to flout rules, says SEC chair
Speaking at a Piper Sandler conference in New York, Gary Gensler also reiterated his view that the "vast majority" of crypto tokens meet the test for being a security and should be registered with the SEC. That means most crypto exchanges have to comply with the securities laws too, he added.
US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice
The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities and which should have been registered, while on Monday it also accused Binance, the world's largest cryptocurrency exchange, of offering 12 cryptocurrency coins without registering them as securities.
Coinbase CEO Brian Armstrong hits back at SEC chair after lawsuit, says user funds are safe
The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon.
Crypto shares tumble as Binance SEC lawsuit ripples through industry
The US Securities and Exchange Commission (SEC) has sued Binance, the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao for allegedly evading US regulations and misleading investors. The SEC claims that Binance.US was secretly controlled by Binance and that the exchange artificially inflated trading volumes, among other charges. The news caused major cryptocurrencies to tumble, with bitcoin down 5.45% and Binance's cryptocurrency down 9.72%. This is the latest enforcement action against the cryptocurrency industry by the SEC, which has prompted some companies to increase compliance and expand overseas.
Founder of student aid startup Frank arrested on fraud charges
Charlie Javice, 31, of Miami Beach, Florida, was arrested Monday night in New Jersey on conspiracy, wire and bank fraud charges.
Musk brought internet to Brazil's Amazon. Criminals love it.
Starlink, a division of Elon Musk's SpaceX, has almost 4,000 low-orbit satellites across the skies, connecting people in remote corners of the Amazon and providing a crucial advantage to Ukrainian forces on the battlefield.
US securities regulator probes investment advisers over crypto custody
The SEC has been questioning advisers' efforts to follow the agency's rules around custody of clients' digital assets for several months, but the probe has gathered pace in the wake of the blow-up of crypto exchange FTX, the sources said. They spoke on condition of anonymity as the inquiries are not public.
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