FTX files lawsuit against former CEO, seeking to recoup more than $1 billion, and alleging funds were used to cover his legal defence
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Stability AI Co-Founder Says He Was Tricked Into Selling Stake For $100
Stability AI co-founder alleges company boss convinced him his stake in $1bn firm was 'essentially worthless'
FCA CEO Warns Of AI Disruption To Financial Services Sector
Head of financial regulator warns of threat posed by AI for online fraud and cyber risk, as UK seeks leadership for AI rules
Amazon Uses AI To Track Down Fake Reviews
Amazon introduces new AI tools to track down fake reviews, tests generative AI to summarise users' comments
Bail Rescinded For Terra Co-Founder Do Kwon
Higher court in Montenegro rescinds 800,000 euro bail for Do Kwon due to flight risk concerns, after US and South Korean charges
Criminal Website Genesis ‘Still Online’ After Takedown
Hacking website Genesis Market continues to operate on dark web a month after international operation took down mainstream site
Silicon UK Pulse: Your Tech News Update: Episode 2
Welcome to Silicon UK Pulse – your roundup of the latest tech news and developments impacting your business for the week ending 12/05/2023.
Apple Co-Founder Wozniak Warns Over AI Misuse
AI is likely to be misused by 'bad actors' to spread fraud and misinformation and must be regulated, says Apple co-founder Steve Wozniak
Truecaller To Offer WhatsApp Caller ID As Scams Surge
Caller ID app Truecaller to offer service on WhatsApp, other messaging services as telemarketers, scammers switch to internet calls
Banks Warn Of Sharp Rise In Online Fraud
Banks warn of surging fake sale listings, impersonation and investment scams with many scams originating on social media
Celebrities Lose Blue Ticks, As Twitter Purges Legacy Verified Accounts
Well known celebrities and public figures lose legacy blue tick verification status, as Ricky Gervais etc mock Elon Musk's move
Sam Bankman-Fried Pleads Not Guilty To Additional Charges
Court appearance for former head of FTX, who pleads not guilty to five additional charges from US federal prosecutors
Crypto Investment ‘Scam’ Defrauds Thousands Of Users
Crypto trading app iEarn Bot appears to be massive scam drawing in thousands of investors in multiple countries, report finds
Former FTX Engineer Pleads Guilty To Fraud Charges
Former engineering director of collapsed cryptocurrency firm FTX has pleaded guilty to six criminal charges, including fraud
FTX’s Sam Bankman-Fried Ordered Back To Court, After VPN Use
Federal judge unhappy that FTX's Sam Bankman-Fried used virtual private network (VPN) whilst under house arrest
Court Considers Independent FTX Probe
US bankruptcy court to consider DOJ demand that it appoint independent examiner to probe fraud charges in FTX collapse
US Prosecutors Sieze $700m From FTX’s Bankman-Fried
US prosecutors sieze $700m from FTX founder Sam Bankman-Fried amidst fraud charges, as current chief considers restarting bankrupt platform
Two Bankman-Fried Associates Plead Guilty To Fraud
FTX founder Sam Bankman-Fried arrives in America and is expected in court, as two former associates plead guilty to fraud charges
Former Wirecard CEO Dismisses ‘Absurd’ Allegations
Defence for former Wirecard CEO Markus Braun begins in Germany, with his lawyer lambasting prosecution charges
White House Moves Toward Crypto Regulation
US administration issues initial framework for future cryptocurrency regulation balancing risks and opportunities
SEC Charges Founders Of Crypto Group Forsage With Fraud
US SEC complaint says 11 associated with 'smart contract' firm Forsage, including founders, ran fraudulent pyramid and Ponzi scheme for more than two years
FBI Adds ‘Cryptoqueen’ To List Of Ten Most Wanted
FBI adds Ruja Ignatova, former leader of OneCoin cryptocurrency scheme, to list of ten most wanted over running 'one of largest Ponzi schemes in history'
Amazon Takes Legal Action Against Fake Review Brokers
Amazon takes legal action against four firms it says brokered false reviews en masse, as government promises stronger consumer protections
NCSC Warns Of Threats Posed By Malicious Apps
Millions of people install apps to manage smart devices, but UK's NCSC warns of risk posed by fraudulent apps containing malware
Israeli Private Eye Pleads Guilty In Wirecard Hacking Case
Israeli private detective pleads guilty to hacking targets on behalf of Wirecard, in first successful prosectution since German fintech's collapse in 2020
Crypto Companies Band Together To Address Fraud Risk
Large crypto companies and trade associations promote 'market integrity pledge' to gain public trust amidst ongoing risk of manipulation and fraud
Orange CEO Resigns After Court Conviction
Stephane Richard steps down from his CEO and chairman positions of French mobile giant Orange, after his conviction by a Paris court
Tech Giants Defend Record Against Online Scams
Amazon, eBay, Facebook and Google respond to MPs over their role in facilitating online scams, as fraud activity skyrockets during pandemic
O2 Subject Of Bribery Investigation By SFO – Report
Serious Fraud Office is investigating UK mobile operator O2 over “possible violations of anti-bribery laws and regulations”
Turkish Crypto Exchange Boss Flees Country Amidst $2bn Fraud Probe
Chief executive of Turkish cryptocurrency trading platform Thodex flees to Albania as estimated $2bn in investors' assets reportedly lost