Bad Apple Pleads Guilty

Former Apple Lawyer Admits Insider Trading – Bloomberg

The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit.

Gene Levoff, Apple’s former director of corporate law, pleaded guilty on Thursday to six counts of securities fraud between 2011 and 2016. Levoff, 48, was co-chairman of the company’s disclosure committee, which allowed him to see Apple’s revenue and earnings statements before they were filed with the Securities and Exchange Commission.

How North Korea Used Crypto to Hack Its Way Through the Pandemic

More recently, with its borders shut because of the pandemic, and traditional banks strengthening their firewalls against hackers, cryptocurrency theft has become an increasingly vital source of foreign currency for the regime. Its hackers are accused of stealing $571 million from cryptocurrency exchanges between January 2017 and September 2018 and $316 million from 2019 to November 2020.

North Korean hackers may have walked away with nearly $400 million in cryptocurrency last year, according to the crypto data firm Chainalysis. This year, North Korea’s haul is up to a little under $1 billion. To put those figures into context, the country earned only $89 million in official exports in 2020, according to South Korea’s government-run statistical agency.

FBI Offers $100,000 Reward for Capture of Ten Most Wanted Fugitive ‘Cryptoqueen’ — FBI

Investigators say Ignatova allegedly took part in a large-scale fraud scheme. Beginning in approximately 2014, Ignatova and others are alleged to have defrauded billions of dollars from investors all over the world. Ignatova was the founder of OneCoin Ltd., a Bulgaria-based company that marketed a purported cryptocurrency. In order to execute the scheme, Ignatova allegedly made false statements and representations to individuals in order to solicit investments in OneCoin. She allegedly instructed victims to transmit investment funds to OneCoin accounts in order to purchase OneCoin packages, causing victims to send wire transfers representing these investments. Throughout the scheme, OneCoin is believed to have defrauded victims out of more than $4 billion. Ignatova served as OneCoin’s top leader through October 2017.

FTX Close to Buying BlockFi for Just $25M

Crypto exchange FTX is close to signing a deal to purchase struggling crypto lender BlockFi for $25 million, according to a person familiar with the matter. The news was first reported by CNBC.

The deal is expected to be signed by the end of the week, the person familiar with the matter told CoinDesk.