FTX Adviser AlixPartners Improves Crypto Tracing with Chainalysis
Crypto and DeFi fraud schemes resemble 1980s lending schemes and dot-com market manipulation, according to AlixPartners’ David White. Consulting firm AlixPartners, which is handling FTX’s bankruptcy proceedings, has joined forces with blockchain research company Chainalysis to enhance cryptocurrency tracing efforts. Announced on Oct. 31, the partnership aims to bolster digital asset tracing and forensic investigation […]
Binance Exec Exit Nigeria After Final Charges Get Dropped
Binance’s head of financial crime compliance, Tigran Gambaryan, returns home for medical treatment after eight months in Nigeria and court delays. Tigran Gambaryan, a Binance executive previously facing charges of tax evasion and money laundering in Nigeria, has left the country after spending eight months in detention. In a statement, a family spokesperson confirmed that Gambaryan […]
Argentina to Use AI for Predicting and Preventing Crimes
Argentina’s Ministry of Security is launching the AI-driven UIAAS task force to predict and prevent future crimes, involving the Federal Police and security forces. Argentina is preparing to establish a specialized task force that will employ artificial intelligence to facilitate the identification and prevention of future criminal activities within the country. The director of cybercrime […]
South Korean Bank Staff Embezzles $7.5m to Invest in Crypto
Woori Bank employee in South Korea revealed to police that she stole $7.3 million to finance his cryptocurrency ventures, most of which failed. Local news sources claim that on June 10, the unidentified employee went to the West Gimhae Police Station in South Gyeongsang Province to disclose the scope of their offenses. According to investigators, […]
Sam Bankman-Fried to Testify in Criminal Trial
In the criminal fraud case, the former CEO of FTX will be one of a limited number of witnesses to testify in his defense. As part of his defense, former FTX CEO Sam “SBF” Bankman-Fried will testify, according to his attorney Mark Cohen . Cohen stated in a telephone conference held on October 25 between […]