Organic Themes, one of the oldest WordPress theme shops, was founded in 2009 in the town of Lahaina on the island of Maui, which was ground zero for the recent devastating wildfires. Until recently, Lahaina was home to Organic Themes co-founder David Morgan, who hosted the Maui WordPress …
A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange platforms. Crypto a ‘Getaway Vehicle for Scam Money’ …
Crypto exchange FTX founder Sam Bankman-Fried (SBF) spent more than $ 100 million of customer funds on political donations, according to an amended indictment. On Monday, U.S. federal prosecutors also alleged that he used two FTX executives as “straw donors” to evade contribution limits. Sam Bankman-Fried Gave Money to Both Democrats and Republicans to …
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the optimism which ensued after Tinubu’s government floated the naira has now given way to pessimism. The Naira’s Woes The president […]
In an unexpected revelation, Ilya Lichtenstein, 35, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex, a theft that was once worth $ 4.5 billion. Lichtenstein made the admission while pleading guilty to laundering the stolen bitcoin in a Washington, D.C. federal court, with his wife, Heather Morgan, also …