Gold Pickaxe: how is your face used to commit fraud
Gold Pickaxe: As you all might already know it, our faces have become the new currency, granting us access to a vast array of conveniences and services. From unlocking our smartphones to authorizing financial transactions, facial recognition technology has become
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
By Luc Cohen and Jody Godoy NEW YORK (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step
Guesty Chooses AU10TIX for Identity Verification and Fraud Prevention
Property Management Platform Selects Automated IDV Solution to Meet Global Regulations, Streamline Onboarding, and Safeguard against Fraud AU10TIX, a global technology leader in identity verification and management, announced that Guesty, the leading property management platform for the short-term rental and hospitality industry, has
Founder of bankrupt crypto lender Celsius must face NY fraud lawsuit
By Jonathan Stempel NEW YORK (Reuters) - Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia James accusing him of civil fraud, a Manhattan state court
Founder of crypto lender Celsius Network arrested, charged with fraud
By Niket Nishant, Hannah Lang and Elizabeth Howcroft (Reuters) - Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory
AU10TIX’s perspective on identity proofing and fraud detection
With the growth of online transactions and the increasing sophistication of cybercriminals, the need for robust identity-proofing and fraud-detection solutions has never been greater. As cyber criminals continuously refine their techniques and exploit vulnerabilities in an ever-evolving technological landscape, businesses
US sues Binance and founder Zhao over ‘web of deception’
By Hannah Lang, Jonathan Stempel and Tom Wilson WASHINGTON (Reuters) - U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception," piling further pressure on the world's biggest cryptocurrency exchange and sending bitcoin
Facebook investors urge revival of Cambridge Analytica fraud case
A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Jody Godoy (Reuters) - Meta Platforms Inc investors formally asked a U.S. appeals court to revive a proposed class action accusing
Co-founder of NFT platform Blockparty charged with fraud
Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration By Jody Godoy (Reuters) - The former chief technology officer of Blockparty was arrested on Wednesday after U.S. prosecutors alleged he stole more than $1 million in cash and