BIT Mining to pay $10M fine for bribing Japanese politicians in former life
BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019. Go to Source
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Coinnest Executives Indicted for Accepting Bribe for Coin Listing
The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto exchange Coinnest for accepting a bribe in exchange for listing a cryptocurrency. According to local media, they received 1 billion won (~US$890,000) worth of cryptocurrencies – mostly BTC. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair
Bank executives rarely get punished for their misdeeds, leading to many people distrusting the entire banking system as plagued with widespread corruption. But once in a while someone has to bite the bullet. Recently, public anger has forced a CFO of a major bank to quit after a huge money laundering affair came to light. … Read more
Ripple Sued for Alleged Violations of US Securities Laws
A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff alleges that the defendants have violated the state and federal securities laws, engaging in schemes to raise hundreds of millions of dollars through the sale of unregistered ripple tokens (XRP). Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
